China’s biggest dairy company is set to invest $214 million in a new infant milk powder plant in New Zealand driving more competition into Fonterra’s back yard. Yili said it was attracted by NZ’s “relatively cheap” raw milk prices, as well as, the free trade agreement between China and New Zealand, under which dairy import tariffs reduce to zero by …
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Right on Xmas – Don Brash knows his politics
The Christmas Grinch has struck again with Don Brash depriving the usual suspects of a chance to have a decent whack at the sale of Oceania Dairy to China’s biggest dairy company at a time when they all want to wind down rather than up. a cause and effect essay To be fair, Brash is just one of two directors …
Read More »Yili plagued by usual Inner Mongolian dairy hi-jinks
China’s biggest dairy company – like its fellow Inner Mongolian rival Mengniu – has been plagued by food safety issues that are common in China. Earlier this year, China’s consumer quality regulator found an “unusual amount” of mercury in some of its baby formula. The General Administration of Quality Supervision, Inspection and Quarantine said that the mercury, a metallic element …
Read More »Mongolian hoarder gets its prey – What Fonterra’s advisers knew months ago
Fonterra’s legal brief told the Commerce Commission five months ago that the Inner Mongolian company was in talks to buy Oceania Dairy. Chapman Tripp’s Grant David spot-lighted the Yili talks when he tried to convince the commission that Fonterra should be allowed to buy NZ Dairies. Fonterra had become aware of further competition in the industry, he noted. “Over the …
Read More »Show me the Money – Penny Macdonald
Having been involved both directly and on the periphery of many trade negotiations over the past couple of decades, it is always intriguing to ferret around in the background to ascertain who is seeking to influence the process.? Who are the well-funded, ever present lobbyists with distinct commercial positions and a desire to advance their agenda at any cost?? Who …
Read More »WSJ: Boehner -Time to move to Plan B on fiscal cliff
House Speaker John Boehner (R., Ohio) addresses the media in a press conference about the ‘fiscal cliff,’ in which he says while he is hopeful for a deal with the White House, he must ‘move to plan B.’ definition essays
Read More »China: Intellectual Property
Protecting intellectual property (IP) — including products, design and processes, trademarks and patents, promotional material, user manuals, trade secrets and domain names — is one of the biggest issues New Zealand businesses face when entering China. professional essay writer
Read More »MARKET CLOSE NZ shares rise, led by Telecom amid fiscal cliff optimism
New Zealand shares rose, led by Telecom as equity markets worldwide took heart from signs of progress on fiscal cliff talks in Washington that may help the US economy avoid recession. Tech stocks Diligent Board member Services and Xero both made new highs. The NZX 50 Index rose 12.76 points, or 0.3 percent, to 3979.25. Within the index, 19 stocks …
Read More »Canadians buy 30 per cent Kaingaroa forest from Harvard Funds
The Public Sector Pension Investment Board – one of Canada’s largest pension investment managers – has agreed to buy 30 per cent of Kaingaroa Forest from Harvard University’s endowment fund. Harvard will retain a 28.75% stake in Kaingaroa Forest after completion of the transaction, which remains subject to regulatory approval and other customary closing conditions. As part of the transaction, …
Read More »Fletcher Building nabs Telecom CFO Olson to head finances
Telecom chief financial officer Nick Olson has left the second-biggest company on the stock exchange to take control of the finances of Fletcher Building, the biggest company on the bourse. Fletcher chief executive Mark Adamson said he was delighted Olson agreed to the join the company from April next year, replacing long-serving chief financial officer Bill Roest, who retires next …
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