Fonterra buys into US-based whey protein concentrate, lactose manufacturing JV
By Rebecca Howard Nov. 6 (BusinessDesk) - Fonterra Cooperative Group is buying into Oregon-based whey protein concentrate and lactose manufacturer Columbia River Technologies in a bid to secure its US-sourcing network. No price was disclosed. Columbia River Technologies, w...
RESEND: NZ dollar heads for 0.7% weekly gain on upbeat employment figures, new Fed chair
(Fixes garble in lede) By Rebecca Howard Nov. 3 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent weekly gain against the greenback as strong domestic jobs figures bolstered the local outlook and as traders questioned whether proposed US tax cuts will go...
RESEND: RBNZ expected to stand pat and issue cautious statement in first review under new govt
(Fixes headline) By Rebecca Howard Nov. 3 (BusinessDesk) - Reserve Bank acting governor Grant Spencer is expected to keep rates on hold next Thursday in his first full monetary policy statement, and while the forecasts might be rejigged to note rising inflationary pressure...
UPDATE: US clothing giant VF Corp's Icebreaker acquisition needs OIO approval
(updates and recasts lede to include need for OIO approval and VF statement on the deal in the fourth paragraph) By Rebecca Howard Nov. 3 (BusinessDesk) - US-based VF Corporation needs Overseas investment office approval to buy Kiwi merino clothing maker Icebreaker, meaning...
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