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Fonterra launches probe into food scare after tainted product contained
Aug 7 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has launched an investigation into a food contamination scare after accounting for the potentially tainted product. Chief executive Theo Spierings told a briefing in Auckland all affected wh...
Fonterra fined $900k for role in fixing prices in China, says rivals face bigger penalties
By Paul McBeth Aug 7 (BusinessDesk) - Fonterra Cooperative Group, embroiled in a food contamination scandal, has been fined $900,000 for its role in fixing prices for infant formula in China, but says its rivals face bigger penalties. The Auckland-based cooperative was issued...
NZ unemployment edges up in Q2, lack of wage inflation points to interest rates remaining on hold
By Tina Morrison Aug 7 (BusinessDesk) – New Zealand’s labour market showed gradual improvement in the second quarter as unemployment edged up, wage growth remained subdued and more people looked for work, signalling interest rates are likely to remain on hold this year. The une...
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