Criticism of Reserve Bank, Fonterra review Chinese farms

Business commentator Rod Oram says banks are critical of the RBNZ in their submissions on its capital proposals. Fonterra is reviewing the future of its Chinese farms and its Brazilian joint venture. Also, the Australian parent company of Vocus, our 3rd largest telecoms' company, receives a $3.5bn takeover offer, and Zespri notches up $3 billion of sales and Fisher & Paykel Healthcare $1 billion.