Edition:
United Kingdom

Charlotte Greenfield

NZ's Fonterra cuts forecast milk payout, eyes ice cream business sale

06 Dec 2018

WELLINGTON Dairy giant Fonterra Co-Operative Group Limited downgraded its forecast milk payment to farmers and said it was looking to sell its ice cream business, as the New Zealand-based firm reels from its first ever financial loss.

New Zealand defense report says climate change greatest security risk

06 Dec 2018

WELLINGTON New Zealand released a defense policy statement on Thursday calling climate change its greatest security threat and stressed the importance of the issue to the geostrategically contested Pacific region, which is seeing increased influence from China.

New Zealand's Trade Me gets second, higher buyout offer for $1.8 billion

05 Dec 2018

WELLINGTON New Zealand's top online marketplace Trade Me Group said it has received a NZ$2.56 billion ($1.8 billion) buyout proposal from a U.S. private-equity firm, trumping a rival offer and setting the stage for a possible bidding war.

New Zealand premier Ardern launches NZ$100 million fund to spur green investment

04 Dec 2018

WELLINGTON New Zealand Prime Minister Jacinda Ardern announced a new NZ$100 million ($69.28 million) green investment fund on Wednesday, aimed at boosting private-sector participation in a campaign to achieve zero net carbon emissions by 2050.

Global dairy prices gain for first time in six months

04 Dec 2018

WELLINGTON Global dairy prices rose for the first time in six months at a fortnightly auction held early on Wednesday as lower volumes of key products were offered at the sale.

UPDATE 1-Global dairy prices gain for first time in six months

04 Dec 2018

* Could prove to be temporary as NZ supply ramps up - analyst (Re-casts, adds analyst comment, market reaction)

South Korean President says visit from North Korea's Kim 'a possibility'

04 Dec 2018

WELLINGTON South Korean President Moon Jae-in said on Tuesday a visit to Seoul by North Korean leader Kim Jong Un was "a possibility" and that such a trip would help to improve Pyongyang's relationship with the United States.

Fifty years on, China ramps up 'ping-pong diplomacy' in South Pacific

03 Dec 2018

PORT MORESBY Inside a Chinese-funded facility perched on a steep hill overlooking Port Moresby's sparkling harbour, Papua New Guinea's best table tennis players are honing techniques picked up months earlier on a sponsored trip to Shanghai.

Huawei seeks clarification after New Zealand intelligence agency rejects 5G bid

29 Nov 2018

WELLINGTON Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country's intelligence agency rejected the telecommunication industry's first request to use the Chinese firm's equipment in its planned 5G mobile network.

New Zealand rejects Huawei's first 5G bid citing national security risk

28 Nov 2018

WELLINGTON New Zealand's intelligence agency has rejected the telecom industry's first request in the country to use 5G equipment provided by China's Huawei Technologies Co Ltd [HWT.UL], citing concerns about national security.

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