Blockchain is helping to fight the fakes
The MoU is signed to create a global digital network in trade finance. The Australia and New Zealand Banking Group ANZ (ANZ.AX), BNP Paribas (BNPP.PA), Citibank (C.N), Standard Chartered and Deutsche Bank (DBKGn.DE) also agreed to join the digital trade information network expected to be operational by the third quarter of next year.
Seven banks, including HSBC (HSBA.L) and Banco Santander (SAN.MC), have signed a Memorandum of Understanding (MoU) to create a global digital network in trade finance aiming at allowing cheaper and easier funding for corporates, a Santander manager said on Wednesday.
“It is the first time that these banks come together to set a standard (...) that will allow cheaper access to finance because the risks are going to be reduced,” Rogier Schulpen, global head of trade and working solutions at Banco Santander, said in a phone interview. Read more . . .
Leading food company Alliance Group has won two major food awards for its premium TE MANA LAMB.
The NZ Transport Agency has set up a new, independently monitored 0800 number for industry workers or members of the public to provide information or raise concerns with vehicle certification work or other compliance issues.
Two cases of potato mop-top virus have been confirmed in Mid Canterbury, but many more are suspected, Biosecurity New Zealand says. The virus, confirmed in two crops last month, was found during routine sampling of material at a cooked-chip processing facility.
New Zealand is the 18th most competitive nation in the world, according to the Global Competitiveness Index.
Parcel and LTL shipping software provider SmartFreight is added to the growing portfolio.
New Zealand will be officially represented at the China International Import Expo, with two pavilions that will showcase a range of quality products. David Parker, New Zealand’s Minister for Trade and Export Growth, considered the expo an opportunity to send the right message to Chinese consumers.
A Warkworth-based company owned by multi-billionaire IT mogul Larry Ellison and part-funded by Callaghan Innovation is at the centre of a bid to take the wind out of the sails of the next America’s Cup competition in Auckland . . . Read More . . .>

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

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

