Can you tell me about the different functions of your business that you outsource offshore and why? We outsource a range of functions in our business for a number of reasons.First, we manufacture in China and there are a number…
Australia mandates metadata is stored for at least 2 years
CANBERRA, Australia (AP) ” Australia’s parliament has created a new law that will force Australian telecommunications companies and Internet providers to store customers’ personal data for the convenience of law enforcement agencies,…
Dairy futures trading halt lifted
Exchange operator NZX said trading of dairy futures has resumed after a trading halt was put on this morning pending clarification of the volume of Australian skim milk powder being put on the GlobalDairyTrade (GDT) platform.NZX…
Verdict on China-led bank waits
The Government has yet to decide whether to join a multilateral bank to finance infrastructure in Asia, an initiative led by China but opposed by the US.”Negotiations are still in the early stages, and any decision on whether New…
2 US funds to invest $900 million in Mexican gas pipeline
MEXICO CITY (AP) ” Mexico’s state-owned petroleum company Pemex has signed an agreement giving two investment funds a 45 percent stake in a natural gas pipeline in exchange for $900 million.The Los Ramones pipeline will transport…
Jock Anderson's Caseload: Bain offers scope for fiction-writing ex-judge
Before settling on fiction writer and Australian ex-High Court judge Ian Callinan to conduct a fresh inquiry into David Bain’s’ bid for tax-payer funded compensation, Justice Minister Amy Adams posed an interesting question.CaseLoad…
Yahoo says it will buy back $2 billion in stock
NEW YORK (AP) ” Yahoo says it will buy back $2 billion in company stock as it prepares to spin off its stake in Chinese e-commerce company Alibaba.Investors were pushing Yahoo to use some of the proceeds from the Alibaba spinoff…
Fonterra profits fall 16pc, cuts dividend forecast
Fonterra's unit price dropped by 3.5 per cent in early NZX trading after the co-operative lowered its dividend forecast range for 2014/15.By 10.20 am, the units - which give investors access to Fonterra's dividend…
AP tracked supply chain of slave caught fish to US
A year-long investigation into forced labor and trafficking in Southeast Asia’s fishing industry led an Associated Press team to Benjina, a small town that straddles two islands in the far reaches of eastern Indonesia. There journalists…
Bella Katz: Final lifeline for Pumpkin Patch?
The recent talk of a Pumpkin Patch takeover feels like a lucky lifeline and possibly the company's last chance for survival.Profit may have gone up from $106,000 in 2014 to $749,000 in 2015, but the company is a very long way…