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Wall Street fell amid disappointing manufacturing data from China as well as Europe and after a report showed that the start of the US holiday sales season was weaker than expected. China’s manufacturing industry cooled in November, as the official purchasing managers index fell to 50.3, while the HSBC manufacturing PMI weakened to 50, a six-month low. “Today’s data suggest …

This report features in-depth coverage of the Deloitte Top 200 Award 2014 winners including NZ’s top company, chief executive and chairman. We looked at dynamic trends affecting New Zealand business and how leading business executives were driving their companies in new directions through dynamic change. We also updated the diversity trends in the New Zealand workforce and looked at ‘best …

Westland Milk Products, the Hokitika-based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over-supply of dairy products and a relatively high kiwi dollar had crimped cash flows. Westland cut its forecast for the 2014/2015 season by 40 cents to a range of $5 to $5.40 per kilogram of milk solids, from a …

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …

Bank of China (NZ)  signed MOU with two of New Zealand’s best known companies; Air New Zealand and NZX. The signing of the memorandum with NZX was included as part of the official state visit to New Zealand this week by China’s President Xi Jinping. Both the Chinese President and John Key witnessed the signing at a function in Karaka, South Auckland. Bank …

By Alan Oxley Last week’s APEC Leaders’ Meeting in Beijing was more significant than many business leaders realise – and certainly more important than the anti-trade protests that gained headlines across New Zealand. For the first time, there was a genuine agreement – and push — on  a broader Free Trade Agreement for the Asia Pacific (FTAAP). The prime mover …

New Zealand export log prices edged up in November although demand from China, the country’s largest market, is likely to remain subdued until the second quarter of next year. The average wharf gate price for New Zealand A-grade logs rose to $98.1 a tonne, from a revised $96.3 a tonne in October, according to Agrifax’s monthly survey of exporters, forest …

NZX, New Zealand’s stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets. The deal will see the stock market operator and one of China largest state-owned commercial banks develop and promote products to both New Zealand and Chinese customers, the Wellington-based company said in a …