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Business

Vietnam's Vinamilk seeks to buy second US dairy company

HANOI: Vietnam Dairy Products JSC, South-East Asia’s biggest milk producer by market value, is in talks to buy another US company as it accelerates acquisitions to expand globally and drive revenue.

Business

Fonterra expects to pay NZ$4.25 per kilo of milk solids in 2016-17

WELLINGTON: Global dairy giant Fonterra Co-operative Group Ltd, expects to pay its farmer shareholders more in the coming season, but the increase will offer little relief as the forecast remains below estimated break-even levels.

Wellness

There may be dangerous chemicals from food packaging in your pee

Scientists have found that those who eat out have a much higher level of chemicals from plastic wrappers in their urine. And that is not good.

AseanPlus News

N. Zealander jailed over China baby powder poison threat

WELLINGTON: An Auckland businessman who threatened to poison baby formula bound for China in a bid to blackmail New Zealand's multi-billion dollar dairy industry was jailed for more than eight years on Wednesday.

Business

Brexit camp can't count on family ties to bind for trade

SYDNEY: Brexit cheerleaders are heading for a cold shoulder if they think the mother country can waltz into the warm embrace of her English-speaking siblings and win free trade deals with them.

Business

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Business

Slumping NZ dairy prices ratchet risks for Australian banks

SYDNEY: National Australia Bank (NAB) on Tuesday reported the first increase in bad loans in almost six years largely due to its exposure to New Zealand's dairy industry, highlighting the risks to banks owed around US$25 billion by cash-strapped farmers.

AseanPlus News

Man charged with blackmailing New Zealand dairy giant

WELLINGTON (AFP) - A New Zealand man was charged with blackmail Tuesday after allegedly threatening to poison baby formula in a bid to extort money from the country’s multi-billion-dollar dairy industry.

World

New Zealand police arrest man over infant formula contamination threat

WELLINGTON (Reuters) - New Zealand police said on Tuesday they had arrested a 60-year-old businessman suspected of threatening to contaminate infant formula in New Zealand, the world's largest dairy exporter, and charged the man with two counts of criminal blackmail.

Business

Trans-Pacific Partnership deal: Who stands to gain, suffer in Asia-Pacific

The Trans-Pacific Partnership is the biggest trade agreement in history, reducing tariffs and other forms of protectionism in a dozen countries making up about 40 percent of the global economy with economic output of almost $30 trillion.