Fonterra's A$19.2m cheese buy
Fonterra's Australian unit has agreed to buy a Victorian cheese processor for A$19.2 million, subject to regulatory approvals. The dairy giant said the purchase of Dairy Country would "help drive efficiencies in its Australian cheese business.“For some time we have been looki...
National pitches new Pharmac fund, ring-fenced for rare medicines
The National Party has pledged to increase Pharmac’s annual budget by $90 million a year if elected to government, but would ring-fence the funds for cancer and rare disorder treatments.The increase would be made up of a $50 million cancer drug fund, a $5 million fund for rare di...
Wirecard NZ sold
The New Zealand Wirecard business has been sold, along with its Australian branch, to ASX-listed Change Financial for A$7.8 million.The NZ and Australian subsidiaries of beleaguered German digital payment process Wirecard AG have been in voluntary administration since July this y...
IEA cuts demand forecast on covid resurgence
The ongoing impact of covid-19 has prompted the International Energy Agency to cut its fourth-quarter oil demand forecast by 600,000 barrels a day.Daily global demand, which had been running at about 100 million barrels last year, fell by 10.5 million barrels in the seven months...
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