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New Zealand quarterly growth fastest in two years but challenges loom

WELLINGTON: New Zealand’s economy grew at its fastest in two years last quarter, a surprise result in a gloomy business climate that could spare the central bank from any need to raise the prospect of a rate cut at its monetary policy meeting at the end of the month.

India’s milk powder exports to surge on subsidies, dampen global prices

MUMBAI: A massive milk glut in India could hit international prices for dry milk powder after government subsidies aimed at supporting local farmers look set to spur a ninefold surge in exports, industry officials told Reuters.

Qatari dairy company battling Arab boycott to go public next year

DOHA: Qatari company Baladna, which is creating a dairy industry in the desert to help the country to cope with a boycott by other Arab states, is planning an initial public offer of its shares (IPO) to raise funds and bring in strategic investors, sources familiar with the matter said.

Malaysian palm oil/Vegoils: Market factors to watch Nov 30

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 30.

Japan, EU press ahead on free trade pact to counter US protectionism

TOKYO: Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Australia, New Zealand back Trump on possible WTO action on Canada dairy

SYDNEY: Australia and New Zealand dairy industry leaders said on Wednesday they would support moves by the United States to draw the World Trade Organisation into a trade dispute with Canada, after President Donald Trump said existing rules were unfair.

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.

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.