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Friday, 11 May 2018 09:26

Saudi sheep saga: 'model farm in desert' still unfinished

Saudi sheep saga: 'model farm in desert' still unfinished

Paperwork needed to finish a Saudi agrihub project was located more than three years after 900 pregnant ewes were flown from New Zealand writes NZHerald political reporter, Nicholas Jones ,in today's Herald.

Published in TRADE
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Thursday, 10 May 2018 10:11

Peeling Back the Baselayer: Icebreaker Bares All in Transparency Report

jeremy Moon

In an era of ‘fake news’ and highly inflated social media status updates, it’s refreshing when a brand seeks to cut through the mire of media overhype to deliver a report that bares it all.

Published in BUSINESS
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Thursday, 10 May 2018 09:46

Trump's Iran threat 'pretty concerning' for NZ exporters

Trump's Iran threat 'pretty concerning' for NZ exporters

New Zealand exporters which sent $120m of goods to Iran last year may be affected by US president Donald Trump's threat to sanction countries who trade with the Middle Eastern nation.

Published in TRADE
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Wednesday, 09 May 2018 15:44

Government denies political concerns behind choice not to tax Chinese steel imports

Government denies political concerns behind choice not to tax Chinese steel imports

The government says political considerations about New Zealand's relationship with China aren't the reason why it chose not to tax Chinese steel imports, as local steel producer New Zealand Steel attempts to have that decision overturned in the High Court.

In July 2017, then-Commerce and Consumer Affairs Minister Jacqui Dean decided not to impose countervailing duties on imports of galvanised steel coil from China, following an investigation by the Ministry of Business, Innovation and Employment which found that Chinese subsidies on the steel were too small to have injured the domestic industry.

NZ Steel, which is a wholly-owned subsidiary of Australia's Bluescope Steel, lodged an application for judicial review of the former minister's decision in September 2017. It says Chinese steel flooded the local market and cut into its profits, and wants the court to quash the decision and have it be reconsidered by going back and re-investigating the matter. The hearing began on Monday, and is set down for the rest of the week, in front of Justice Jillian Mallon.

In opening the government's reply today, the Crown's lawyer James Every-Palmer QC said all relevant considerations were taken into account in making the decision, based on information that was available to it and that it considered to be reliable, and that it provided full reasons and correctly interpreted the act and did not act unreasonably.

"The application for judicial review here attacks matters that are really for the decision maker - the process of inference, the weighting of evidence, and the evaluative judgements it made," Every-Palmer said. "In our submission it's fair to characterise the application as seeking a merits review of the decision that was made, effectively an extra round of the decision-making process, but one in which there's only one interested party participating, and so the new material and evidence presented hasn't been tested in any systematic way." Every-Palmer stressed the decision was "absolutely was not affected by any concerns about how China might react", and later referred to an affidavit from former minister Dean on her making the decision not to impose duties.

Dean noted that "during the investigation, I recall noting media reports about the visit by the Premier Li Keqiang to New Zealand around March 2017, but the matter discussed in those media reports did not affect my decision in any way", Every-Palmer said.

 

A BusinessDesk release   ||  May 09, 2018   |||

 

 

 

Published in STEEL
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Sunday, 06 May 2018 20:12

Number of US buyers at Canton Fair increases 7.85 percent year-on-year, despite trade tensions

The 123rd session of China Import and Export Fair, widely known as the Canton Fair, has seen the number of buyers soared 5.3 percent year-on-year, which was 5-year record high.   The Canton Fair, largest and most important trade fair in China that was held in Guangzhou, South China's  Guangdong Province. As of Thursday, it recorded transaction volume of 189.2 billion yuan ($30.1 billion), up 3.1 percent year-on-year, according to a statement the fair sent to the Global Times on Sunday.

Published in WORLD
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Friday, 04 May 2018 13:27

Chip Wars: Tech rivalry underlines US-China trade conflict

HONG KONG (AP) — Chinese and American officials will be trying to defuse tensions pushing the world's two largest economies toward trade war in meetings in Beijing beginning Thursday. Analysts say that chances for a breakthrough seem slim given the two sides' desperate rivalry in strategic …

Published in WORLD
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Friday, 04 May 2018 13:25

PNG seeks bilateral trade with NZ

Richard Maru, who is in New Zealand this week, said any trade deal has to be on a win-win basis and not likethe PACER-Plus regional trade deal which PNG opposes. He said there are many PNG products which the country has struggled to get into Australia and New Zealand markets, partly because …

Published in TRADE
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Friday, 04 May 2018 13:13

Record exports cut US trade deficit to $49 billion

WASHINGTON (AP) — Record exports trimmed the U.S. trade deficit in March, the first drop in seven months in a massive gap that President Donald Trump is determined to shrink with an aggressive America first policy. The Commerce Department says the trade deficit — the difference between what …

Published in TRADE
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Thursday, 03 May 2018 11:20

UAE and New Zealand keen to bolster trade, investment ties

UAE and New Zealand keen to bolster trade, investment ties

Wellington / WAM

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Winston Peters, New Zealand’s Deputy Prime Minister and Minister of Foreign Affairs.

Published in TRADE
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Thursday, 03 May 2018 10:48

Over 1000 economists sign letter warning Trump of second Great Depression

More than 1,100 economists, including Nobel laureates and former presidential advisers, have signed a letter warning Donald Trump about his tariff-heavy approach to trade. Many of its passages quote directly from another letter sent in 1930, cautioning against protectionist measures the U.S. imposed …

Published in WORLD
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Page 5 of 17

Palace of the Alhambra Spain

Palace of the Alhambra, Spain

By: Charles Nathaniel Worsley (1862-1923)

From the collection of Sir Heaton Rhodes

Oil on canvas - 118cm x 162cm

Valued $12,000 - $18,000

Offers invited over $9,000

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

Mount Egmont with Lake 

By: John Philemon Backhouse (1845-1908)

Oil on Sea Shell - 13cm x 14cm

Valued $2,000-$3,000

Offers invited over $1,500

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

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