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Fonterra says it should no longer be required to accept all milk from new suppliers or to have to make milk available to large processors, apart from Goodman Fielder. In submissions to the Commerce Commission, which is undertaking a government-ordered review of the industry’s competitiveness, rival processors have said they either want the status quo or the regulations tightened. Fonterra …

The two shareholder groups representing Silver Fern Farms and Alliance farmers have joined forces in a bid to encourage the two meat cooperatives to follow suit and work collaboratively. Each shareholder group has separately gained the 5 percent farmer support needed to call special meetings of their respective cooperatives to try and force the boards to investigate the benefits and risks of …

Prime Minister John Key is confident the country’s lenders are strong enough to weather a downturn in Auckland if the property market in New Zealand’s biggest city has a correction. The country’s major lenders have assured Key their stress testing shows their respective loan books are strong enough to withstand a drop in Auckland property prices, which has been singled out …

2015 marked the year that housing emerged as a preeminent issue in the Mood of the Boardroom survey, with mentions of housing on over 10 different pages of the report. Other emerging issues included the slump in dairy prices, the Trans Pacific Partnership, and weak regional economic growth. After a 2014 of positivity, CEOs began to predict an economic slowdown on …

Adherium, a New Zealand medical devices company, wants to raise as much as A$35 million from Australian and Kiwi investors in an initial public offering on the ASX, to help fund the commercial roll out of its product and continue research and development. The Auckland-based company, formerly known as Nexus6, develops and manufacturers digital health technologies that improve medical adherence and patient …

New Zealand spending on electronic cards rose for the third consecutive month in July, led by a surge in spending on apparel, that sector’s first gain since February. The value of core retail spending, which strips out fuel and vehicle related items, rose 0.5 percent to $3.9 billion in July from June, accelerating from the previous month’s revised 0.1 percent gain, …

The New Zealand dollar fell after China devalued the yuan, stoking concern economic growth is weaker than expected in the nation’s biggest trading partner. The kiwi traded at 65.52 US cents as at 5pm in Wellington, down from 66.10 cents late yesterday. The currency rose to 4.1396 yuan from 4.1033 yuan. China is the biggest two-way trading partner with New Zealand and the second-largest export market …

Pacific Edge, the maker of non-invasive bladder cancer tests, has won US regulatory approval to commercially process test samples from its latest cancer detecting product at its Dunedin laboratory. Approval and registration with the US regulatory standard, Clinical Laboratory Improvement Amendments, enables the commercial use of its Cxbladder Triage test at its diagnostics laboratory, the company said in a statement. Registration is …

 VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, planning to shift from the NZAX to the main board of the NZX listing, and raising about $5 million in a private share placement. The company’s mobile marketing platform delivers personalised, location-based promotional offers to mobile phone users on behalf of major brands to increase sales. At its annual meeting …

By Keith Woodford – NZ Herald Dairy firm lacks people who understand the impact of new, disruptive technologies, writes Keith Woodford. The Chinese Government may like Fonterra but Chinese companies find Fonterra arrogant and difficult to deal with. There is no escaping that Fonterra’s path forward has to be closely linked to China. No one else needs and has the …