Kiwi startup Dotterel wins innovation award for noise reduction drone technology
By Fiona Rotherham April 22 (BusinessDesk) - New Zealand startup Dotterel Technologies has won an innovation award for its noise-reducing drone technology at the 2016 NAB Show, the world’s largest annual convention to launch innovative products to key influencers in media, ent...
Finance company FEI faces ratings downgrade after loan restructure to Tomizone
By Fiona Rotherham April 22 (BusinessDesk) - NZ finance company FE Investments (FEI) had its ‘B’ long-term and short-term credit ratings placed on CreditWatch Negative by Standard & Poor’s following the restructuring of its $1.7 million loan to loss-making wi-fi company Tomizo...
Zespri indicates early profit range for 2017 season with upside from looming tender
By Fiona Rotherham April 21 (BusinessDesk) - Kiwifruit marketer Zespri International has indicated an after-tax profit of $25 million to $30 million for the 2017 financial year, excluding revenue from the release of 400 hectares of Gold3 licence being tendered next month. T...
China's latest fake milk powder scandal blamed on chaotic sales channels
By Fiona Rotherham April 21 (BusinessDesk) - Chaotic sales channels have been blamed for China’s latest fake infant formula scandal where 22,600 cans of counterfeit milk powder were sold under the brands of Chinese infant formula maker Beingmate and US-based Abbott Laboratorie...
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