
Bright Food tipped as Silver Fern bidder
China government backed Bright Food is understood to be the party in talks to take a stake in Silver Fern Farms.
China government backed Bright Food is understood to be the party in talks to take a stake in Silver Fern Farms.
New Zealand shares fell yesterday to their lowest level this year as offshore volatility weighed on sentiment again with markets across Asia weaker, with the exception of Australia.
Ownership of at least 30 to 40 per cent of New Zealand's biggest meat processor, Silver Fern Farms, looks set to pass to Chinese interests in a $100-million deal, say sources.
Will a Kiwi white knight emerge to fully recapitalise Silver Fern Farms, or will Chinese interests emerge as 50-50 partners with a New Zealand consortium to take the company forward?
Liam Dann writes: Inflation is not dead and there seems no doubt market volatility and the slowdown in China were top of mind for many.
As the weather begins to warm up, let's relax and fantasize about some of the best pools the world has to offer.
What is going on in China and why is it having such a profound impact on world financial markets?
Asian policy-makers need to understand that currency devaluations aren't a cure-all, writes Bloomberg columnist William Pesek.
The world's largest bank, Industrial and Commercial Bank of China, is stepping up its international expansion to offset China's slowing economic growth, according to former chief executive Yang Kaisheng.
Russia's energy pivot toward Asia faces its sternest test next month when Vladimir Putin visits Beijing amid slumping oil prices and concerns over China's economic slowdown.
In the first minutes of trade, the S&P/NZX50 was up 28 points, led by post-result gains from Air NZ and Metlifecare.
Once the fastest growing region and home to heavy industry, the Northeast is hit by new economic realities.
The New Zealand sharemarket staged a comeback yesterday after being 2.5 per cent down at one point but China's sharemarket rout continues.
New Zealand experts surveying the fallout from China's "Black Monday" stock market tumble will look to see if it reflects bigger problems in that country's economy, which is a big buyer of our exports and a source of tourists.
Uber users complete almost 1 million rides daily in China, which is is expected to outgrow Uber's U.S. home market.
Trade Minister Tim Groser says Southeast Asia is New Zealand's "number one insurance policy".
Far beyond the big cities, growth in China's west is creating business opportunities for New Zealand companies.
An expert in the Chinese travel market says the devaluation of the yuan will have a mixed impact on the China visitor market but is advising New Zealand operators not to panic.
Having made their money in a one-party state, Chinese companies are facing culture shock as they deal with democracies.
As China guides its currency lower, it heightens default risks on foreign- currency debt and increases the odds of capital flight, which would slam stock prices.
Residents living near Tianjin have expressed fears for their safety after reports there could be hundreds of tonnes of dangerous chemicals at the site.
Business confidence is being tested a bit by events including dairy price downturn, but there's a 'fundamental confidence' out there.
Our senior business leaders are becoming increasingly concerned about the slowing economy, the Government's strategy and our reliance on China and dairy exports.
China surprised the world on Tuesday, announcing it would devalue its currency in a move likely to boost Chinese exports and support the country's flagging economic growth.
The NZ dollar fell sharply yesterday after the US dollar spiked higher in response to China's 1.9 per cent devaluation of the yuan.
Business appears to be slow at the Mercedes-Benz showroom in the Jing'an district of Shanghai.
Sleep disorder device supplier Resmed will acquire Curative Medical in a move it says will give it a leadership position in the Chinese market.
I've written, enough times to make it seem memorable, of hikers, hunters, divers and cavers coming unexpectedly upon human bones.