The New Zealand marine industry is worth around NZD$1.7 billion and employs over 10,000 people. The sector is aiming to grow to $2.6 billion by 2015 and this contract will help attract further business.
Since the June 19, 2010 announcement by China's central bank of greater exchange rate flexibility, its currency, also known as renminbi has appreciated 3.7% against the dollar, or about 6% annualised. The renminbi has appreciated 26% in total against the dollar since 2005.
BA increased its surcharge — a levy imposed on fares to cover the rising cost of oil — after admitting its fuel bill was in excess of £7 million (NZD$14.6 million) a day.
Some 19.3 million head of lamb are expected to be exported, a drop of 7.7% compared to last season. Despite the lower volume of lambs, higher prices will see export receipts for the season total around $2.6 billion.
The report cited Clarkson Plc, the world’s biggest shipbroker, saying a total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year.
The US Department of Agriculture (USDA) has said it expects the Consumer Price Index to rise by 2 to 3% in 2011, ending a period of near-stagnant food price inflation over the past two years, according to FoodNavigator-US.com.
Minute Maid Pulpy was launched nationally in China in 2005, and is now available in 18 markets across three continents including Indonesia, Taiwan, Philippines, Thailand and India.
The company, which employs 2,400 people in the region has evacuated its 25 expatriate employees on private planes and asked its local employees to stay home.
Under the programme, qualifying companies will get the opportunity to develop their ideas into prototypes and proofs of concept utilising IRL’s world-leading science and engineering expertise. The firm will contribute 50% of the total project funding with IRL matching their contributions dollar for dollar.
The service will be a rival to traditional money transfer operators like Western Union (WU.N) and MoneyGram initially, but could replace credit cards in the future.
Plans have been announced to set up a facility to produce 36,000 high-quality Arabian lambs a year for the Bahrain market, according to Trade Arabia News Service.
Sugar futures surged to a 30-year high on mounting concern that global supplies will trail demand following crop damage in Australia and India, two of the world's leading producers, according to the Sydney Morning Herald.
UAE demand for handsets is said to be topping 3.5 million units annually, 25% of which are re-exported to Africa, Iran and the Levant, according to GulfNews.com.
China will permit designated banks to trade yuan/foreign currency swaps on behalf of their clients from March 1, according to a Reuters report quoting the country's foreign exchange regulator.
According to a Datamonitor study: Other Savoury Snacks in the BRIC (Brazil, Russia, India, China) Countries – Market Overview and Forecasts to 2014, India will be the most lucrative destination in terms of revenue and volume growth over the forecast period.
