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In the News
GEA to buy NZ milk powder specialist
Tuesday, 12 July 2011
GEA Group has reached an agreement to acquire a New Zealand-based powder specialist as part of its ongoing strategy to expand in the emerging Asian markets and compete with rivals such as Tetra Pak, according to FoodProductionDaily.com.
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NZ starts to crack the Japanese beef market
Tuesday, 12 July 2011
New Zealand beef is carving out a tasty market niche in Japan with a view to raising its small slice of the Japanese beef market.
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NZ log exports rise on back of Asian demand
Tuesday, 12 July 2011
The total value of New Zealand’s forestry exports for the year to 31 March 2011 was NZD$4.4 billion, NZD$0.8 billion up on the previous year, due to the sustained high levels of log exports over the year, according to the Ministry of Agriculture and Forestry (MAF).
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Nestle offers to buy Chinese candy maker Hsu Fu Chi
Monday, 11 July 2011
Nestlé said on Monday it plans to buy 60% of Hsu Fu Chi, in a deal that values the Singapore-listed company at 3.5 billion Singapore dollars (USD$2.87 billion).
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China's biomass energy target
Monday, 11 July 2011
China plans to expand its installed generation capacity of biomass power to 13 million kilowatts by the end of 2015, according to ChinaDaily.com.
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AirAsia to buy an extra 100 A320neo jets
Thursday, 07 July 2011
Air-Asia will buy an extra 100 Airbus A320neo jets (a more fuel efficient jet), taking its record-breaking order to 300 planes, according to a report in GulfNews.
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Facebook offers users video call facility
Thursday, 07 July 2011
Quick on the heels of Google's launch of its latest social-networking venture, Facebook said today that its 750 million users will now be able to make video calls on the site, according to NZ Herald’s online report.
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Dubai plans US$7.8 bln expansion for airport
Thursday, 07 July 2011
Dubai plans to invest USD$7.8 billion in expanding airspace and airport capacity at Dubai International Airport over a 10-year period, according to GulfNews.com.
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China to surpass US as No 1 economy in 20 yrs
Thursday, 07 July 2011
China will surpass the United States as the largest economy in one to two decades, according to a Xinhua report carried online by PeopleDaily.
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NZ wool projects get funding boost
Wednesday, 06 July 2011
Seven New Zealand entrepreneurial wool projects will benefit from a funding boost of more than half a million dollars, Beef + Lamb New Zealand (B+LNZ) announced today.
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China's export protection lands it in WTO hot soup
Wednesday, 06 July 2011
The World Trade Organization said that China's restrictions on exports of nine industrial raw materials violate international trade rules, according to the Wall Street Journal.
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Asahi buys Aussie and Kiwi soft drinks companies
Wednesday, 06 July 2011
Asahi is to proceed with two Australian and New Zealand soft drinks deals, with the aim of becoming one of the world’s top food and beverage companies, according to BeverageDaily.com.
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Confidence in ocean shipping business at 2-yr low
Monday, 04 July 2011
London’s Moore Stephen accounting firm says confidence in the ocean shipping business prospects has hit its lowest level in two years after declining a fourth consecutive quarter (ending in May), according to the Shipping Gazette.
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India gets stick for child labour as NZ pursues FTA
Monday, 04 July 2011
India's use of child labour is unacceptable but free trade agreement (FTA) negotiations are not the forum to deal with it, according to the Otago Daily Times quoting prime minister John Key.
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Chongqing set to become China's new industrial hub
Monday, 04 July 2011
A cargo train laden with the products of some of China's most advanced factories has begun an epic journey west from the gargantuan city of Chongqing - marking the official opening of a trade corridor designed by the Chinese Government to reroute the flow of global commerce, according to The Australian.
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Aussie two-way trade with China topped $100 bln
Friday, 01 July 2011
Australia's two-way trade with China topped Aus$100 billion ($US105.64 billion) for the first time last year, data showed Wednesday, with surging coal and iron ore exports boosting national coffers.
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China's 2010 GDP grew 10.3% over year earlier
Friday, 01 July 2011
China maintains a rapid and healthy economic growth, as its 2010 gross domestic product grew 10.3% over a year ago, putting China’s economy over Japan’s, according to People’s Daily.
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Tru-Test Group buys into Brazil distributor
Wednesday, 29 June 2011
Tru-Test Group, New Zealand’s world leading manufacturer of electric fencing systems, milk metering and animal weighing systems is investing heavily in Brazil in the next step on its international growth path.
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China likely to reduce duty on imported luxury items
Tuesday, 28 June 2011
It is only a matter of time before China moves to reduce import duty on luxury goods, according to ChinaDaily, quoting Yao Jian, a Ministry of Commerce spokesman.
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Google's head-head challenge for Facebook market
Tuesday, 28 June 2011
Google is taking on Facebook with the unveiling of its latest attempt to build a social network modelled directly on its fast-growing rival, according to the Financial Times.
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