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  • October 22, 2014
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  1. Business - Companies - RETAILING

    Fonterra pushes plans for own-brand milk in China

    Posted Sep 25th 2013, 10:35am by Reuters in Wellington

    ... Reuters in Wellington New Zealand dairy firm targets US$12.4 billion mainland market despite recent health scare and crackdown over corrupt sales practices Fonterra pushes plans for own-brand milk in China Fonterra, the world's largest dairy processor, is moving ahead with plans to launch its own branded milk formula in China, undeterred by a recent botulism scare ...

    http://www.scmp.com/news/asia/article/1317381/fonterra-wants-see-its-milk-formula-70-chinese-cities-within-3-yrs
  2. Business - Companies - AGRICULTURE

    Fonterra cuts milk price payout as profits tumble

    Posted Sep 24th 2014, 10:25am by Reuters

    ... Reuters in Wellington New Zealand dairy exporter Fonterra slashed its milk purchase price to a six-year low on Wednesday due to an ongoing fall in global dairy prices, dealing a blow to farmers and the economy of the world’s largest dairy exporting nation. The co-operative cut the price it pays its farmer shareholders for raw milk to NZ$5.30 (HK$33.30) per kg of milk solids from ...

    http://www.scmp.com/business/companies/article/1599305/fonterra-cuts-milk-price-payout-profits-tumble
  3. Business - Comment - LAI SEE

    Suspense at Wison Engineering is killing shareholders

    Posted Sep 04th 2014, 01:00am by Howard Winn

    ... their thumbs.   All quiet on Wellington Street It has been a while since we've mentioned illegal car parking. This is not because there has been a miracle and it has stopped. We are constantly ... have been cleared. This was the case earlier this week when the police had evidently cleared Wellington Street in Central at 9am, leaving it eerily empty as if there'd been a bomb scare. ...

    http://www.scmp.com/business/article/1584630/suspense-wison-engineering-killing-shareholders
  4. Business - Banking & Finance - CURRENCIES

    NZ dollar's continued fall boosts expectations for rate rise

    Posted Aug 25th 2014, 03:34am by Reuters

    ... Reuters in Wellington Kiwi fall boosts rate rise expectations The New Zealand dollar has tumbled to six-month lows against the US dollar and may fall further, giving the Reserve Bank of New Zealand room to raise interest rates again before the end of the year. The kiwi has dropped about 5 per cent over the past month to 84 US cents, taking it to levels last seen before ...

    http://www.scmp.com/business/banking-finance/article/1580417/nz-dollars-continued-fall-boosts-expectations-rate-rise
  5. Business - Companies - AGRICULTURE

    Bumper Chinese milk stocks hammer dairy prices

    Posted Aug 06th 2014, 05:15pm by Reuters

    ... Reuters in Wellington and Shanghai With prices falling, producers are faced with China inventories and increasing supply Stockpiles sink hopes for Asia dairy boom Hopes of a "white gold" rush fuelled by booming Asian demand for milk and other dairy products have been dealt a blow as swollen stockpiles in top consumer China and a flood of supply pummel dairy prices. Global ...

    http://www.scmp.com/business/companies/article/1567693/bumper-chinese-milk-stocks-hammer-dairy-prices
  6. Business - Banking & Finance

    New Zealand central bank puts rates on hold after run of increases

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters in Wellington Reserve Bank raises key interest rate to3.5 per cent, spurring fall in NZ dollar NZ rates seen on hold after latest rise New Zealand's central bank lifted its official cash rate by 25 basis points to 3.5 per cent as expected yesterday, but then suspended its rapid-fire run of interest rate rises to study their impact on the economy. It was the Reserve ...

    http://www.scmp.com/business/banking-finance/article/1558533/new-zealand-central-bank-puts-rates-hold-after-run
  7. Business - Commodities - COMMODITIES

    Iraq civil war fears send oil and gold prices up

    Posted Jun 17th 2014, 05:13am by Bloomberg

    ... Bloomberg in Wellington, Sydney and London Iraq civil war fears send oil and gold prices up Oil rose and gold climbed to near a three-week high as the escalation of violence in Iraq stoked concern that crude supplies will be disrupted and boosted the appeal of haven assets. European and American stock futures dropped, while the British pound reached the strongest in almost five ...

    http://www.scmp.com/business/commodities/article/1534393/iraq-civil-war-fears-send-oil-and-gold-prices
  8. Business - Economy - ECONOMY

    New Zealand raises key rate but not done yet

    Posted Jun 12th 2014, 03:41pm by Reuters

    ... Reuters in Wellington Fall in the dollar may push rise even higher as central bank looks to contain inflation pressure NZ sees neutral level for cash rate as high as 5pc New Zealand's central bank sees the neutral level for its cash rate possibly as high as 5 per cent, deputy governor Grant Spencer said, indicating the bank might need to raise rates more if the local currency ...

    http://www.scmp.com/business/economy/article/1530828/new-zealand-raises-key-rate-not-done-yet
  9. Business - Companies - AGRICULTURE

    Strong demand to keep milk product prices high, says Fonterra

    Posted May 28th 2014, 02:54pm by Reuters

    ... Reuters in Wellington Milk prices to stay high as Chinese demand grows New Zealand's Fonterra, the world's largest dairy exporter, signalled that robust demand from China, Latin America and Southeast Asia would keep milk product prices near historical highs in the coming season. In a country where dairy exports account for a quarter of all exports, high milk prices ...

    http://www.scmp.com/business/commodities/article/1520330/strong-demand-keep-milk-product-prices-high-says-fonterra
  10. Business - Companies - ACQUISITIONS

    Australia's Treasury Wine rejects US$2.9b bid from KKR

    Posted May 21st 2014, 01:11am by Reuters

    ... A spokeswoman for Wellington Management, Treasury's biggest shareholder, declined to comment. Treasury shares soared 18 per cent to A$4.80 (HK$34.80), a 2 per cent premium to the KKR offer, ...

    http://www.scmp.com/business/companies/article/1516796/australias-treasury-wine-rejects-us29b-bid-kkr

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