Market cheered by Mexican election outcome, peso strengthens across the board
By Rebecca Howard July 2 (BusinessDesk) - The Mexican peso strengthened across the board in Asian trading after Mexican exit polls showed left-wing leader Andres Manuel Lopez Obrador winning Sunday’s presidential vote. The peso traded at a month-high as at 2:30pm in Welling...
Fonterra welcomes news that Bao Xiufei appointed new GM of Beingmate
By Rebecca Howard July 2 (BusinessDesk) - Fonterra Cooperative Group says it welcomes the appointment of Bao Xiufei as general manager of Beingmate Baby & Child Food. “We know our farmers and unit holders expect a lift in Beingmate’s performance, so influencing the right t...
NZ dollar head for 1.9% weekly fall, sheds 6.5% over the quarter
By Rebecca Howard June 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.9 percent weekly decline after touching a fresh two-year low in Asian trading but got a late bounce after European Union leaders agreed to set up joint asylum processing sites and restrict mig...
Fonterra says climate change policy shouldn't reduce methane emissions to zero
By Rebecca Howard June 29 (BusinessDesk) - Fonterra Cooperative Group said it supports a target aimed at mitigating and stabilising methane emissions, but not seeking to reduce them to zero, in its submission on the productivity commision draft report on transitioning to a low...
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