US And China Ramp Up Tariff War

US And China Ramp Up Tariff War

China responded to the “Liberation Day” tariffs announcement swiftly last week, imposing 34% tariffs on all imports from the US from April 10. China also added 11 American companies to its unreliable entity list along with export controls on 16 US companies...
Liberation Day? US Tariffs

Liberation Day? US Tariffs

US president announced a baseline 10% tariff on all countries. Steeper “reciprocal” tariffs will be applied to China (34%), the EU (20%), Vietnam (46%) and Taiwan (32%). The Chinese tariff is reportedly on top of the existing 20% tariff. The Administration to claimed...
Liberation Day? US Tariffs

Fonterra New Zealand Reports Lower Profits

Fonterra’s profit after tax fell to NZ$1.168bn in FY2024, down from NZ$1.6bn the year before. Earnings before interest and tax totalled NZ$1.56bn driven by stable earnings across its channels, Ingredients, Foodservice and Consumer, down from NZ$1,755m the year before....
Synlait Shareholders Vote On NZ$130m Loan

Synlait Shareholders Vote On NZ$130m Loan

Synlait Milk’s future lies in the hands of shareholders who will vote on whether to accept a NZ$130m loan from Bright Dairy. Synlait second-largest shareholder a2 Milk Company, is voting in favour of the NZ$130m loan. Significant loan repayments will fall due over the...
Liberation Day? US Tariffs

Fonterra Shifts Direction

Fonterra has announced a major change in its strategic direction, and will explore full or partial divestment options for some or all of its global Consumer business and brands, including the integrated Fonterra Oceania which is the recently merged Fonterra Brands New...