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Latest Economy of New Zealand Stories

2009-03-23 06:26:00

CHARLOTTETOWN, Canada, March 23 /PRNewswire-USNewswire/ -- A team of observers with IFAW (International Fund for Animal Welfare - www.ifaw.org) is ready to document the commercial seal hunt as it opens in the Gulf of St. Lawrence, Canada. Canada's commercial seal hunt is the largest hunt for marine mammals in the world. Sealers are allowed to kill 280,000 harp seal pups this year, provided they have begun to molt their white coats, which occurs when the animals are about two weeks old....

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2009-03-22 15:10:00

The Canadian government came under harsh criticism from environmental groups on Saturday for increasing its annual seal-hunting quota. The groups say Canada's move makes little sense given the expected European ban on all seal products. On Friday, the Canadian government authorized an increase in seal killing on the Atlantic seaboard to 280,000, one-third the total number of seals killed annually worldwide.  The new quota is 5,000 higher than last year's quota, and 10,000 above the quota...

2009-03-20 20:00:00

OTTAWA, March 20 /PRNewswire-USNewswire/ -- Canada's Department of Fisheries and Oceans (DFO) has released this year's total allowable catch (TAC) for harp seals despite a lack of demand worldwide for seal fur. Experts with IFAW (International Fund for Animal Welfare - www.ifaw.org) are appalled that the Canadian government is persisting with the commercial seal hunt in spite of dwindling international markets. "This quota is outrageous," said Sheryl Fink, a senior researcher with IFAW....

2009-03-16 09:13:18

A Canadian bus driver faces no criminal charges after getting out of his bus and beating a toy seal used by anti-seal hunt protesters in Halifax, Nova Scotia. The incident happened Saturday during an international protest against the seal hunt, the Canadian Broadcasting Corp. reported. The unidentified bus driver spotted the protesters in a busy shopping district with the prop, which they had splashed with imitation blood, Staff Sgt. Don Fox of the Halifax Regional Police told the...

2009-03-05 07:36:00

HAMBURG, Germany, March 5 /PRNewswire/ -- In the spring of 2008, while Canadian seal hunters swarmed from place to place and brutally killed 300,000 seals, the fictional metal band "The Canadians" were touring Germany on their "Killing Seals Tour 2008." The goal was to make primarily young people aware of the bloody events taking place in Canada - with the "Killing Seals Tour 2008" reflecting the real Canadian seal-hunting season. In Germany, there were posters made for the tour and...

2008-10-07 18:00:18

A BAN on hunting the Caspian seal is needed to halt massive declines in numbers of the endangered mammal, scientists urged today. The population has plummeted from more than a million at the start of the 20th century to about 100,000 today, as a result of commercial hunting, pollution, disease and drowning in fishing nets. Researchers from the University of Leeds said recent surveys showed that in 2006 there were just 17,000 breeding females - barely enough to maintain a viable...

2008-10-03 09:00:24

Fonterra Brands New Zealand has confirmed that it will lower the price of its dairy products in the coming months. According to the company, while global dairy commodity prices remain well above traditional levels they are softening and this will flow through to the prices it charges its customers for products such as cheese and butter. Peter McClure, managing director of Fonterra Brands, said: "While we do not set retail prices, the prices we charge our customers will fall and we expect...

2008-08-27 15:00:39

By HARPER, Rebecca Cambridge High School students did their best to get a policy out of him, but National leader John Key stayed tight-lipped on his party's student allowance stance yesterday. Mr Key was in Cambridge to speak to the students and address the Cambridge Chamber of Commerce. He told the students their education was a liberator and spoke of the importance of university qualifications. But the heat went on when one student asked exactly what his party's policy was on...

2008-08-26 15:00:40

By JANES, Andrew New Zealand's Fonterra will face a powerful new competitor across the Tasman with National Foods set to buy Australian co-op Dairy Farmers for $1.1 billion. After a competitive sales process, Dairy Farmers announced yesterday it would recommend the Kirin- owned National Foods' bid to its farmer shareholders. It will require the approval of at least 75 per cent of its shareholders in a vote in mid-November. Fonterra pulled out of the race to buy Dairy Farmers in June,...

2008-08-19 15:01:00

By VAN DEN BERGH, Roeland Infratil yesterday urged shareholders to take a longer-term view of the share price, which has shed about 40 per cent in the last year. The shares opened the financial year in July 2007 at $3.02 and closed on June 30 this year at $1.83. Yesterday, they closed at $2.16, unchanged on the day. "Last year was not a great year for our shareholders," Infratil chairman David Newman said at the annual meeting in Wellington yesterday. "If you owned $100 of shares on...