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WELLINGTON: New Zealand will require banks to increase capital by NZ$20bil (US$13 bil) to better withstand economic shocks, but extended the time they have to build up their buffers.
CHINA Mengniu Dairy Co. agreed to buy organic infant formula maker Bellamy’s Australia Ltd. for A$1.5 billion ($1 billion), securing a premium brand in one of the fastest-growing segments of China’s dairy market.
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.
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.
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.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 30.
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.
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.
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.