restructuring

Fonterra’s new strategy is all about cutting the cloth to suit the purse. The new overarching strategy is just the first step on a long path

Fonterra’s new strategy is all about cutting the cloth to suit the purse. The new overarching strategy is just the first step on a long path

Keith Woodford sets out how the seeds of Fonterra’s current situation were sown a long time ago, driven by over-confidence and arrogance in the overarching company culture

Keith Woodford sets out how the seeds of Fonterra’s current situation were sown a long time ago, driven by over-confidence and arrogance in the overarching company culture

Keith Woodford says Fonterra’s short-term problem is asset sales, asset values and earnings; the longer-term problem is a capital structure that is no longer fit for purpose

Keith Woodford says Fonterra’s short-term problem is asset sales, asset values and earnings; the longer-term problem is a capital structure that is no longer fit for purpose

Keith Woodford lays out how Fonterra’s Chilean profits and market share have been dropping, and how its farmers have been deserting for other processors. He says write-downs appear likely

Keith Woodford lays out how Fonterra’s Chilean profits and market share have been dropping, and how its farmers have been deserting for other processors. He says write-downs appear likely

Keith Woodford explains how Fonterra’s Australian operations must now be centre stage to Fonterra’s financial unravelling

Keith Woodford explains how Fonterra’s Australian operations must now be centre stage to Fonterra’s financial unravelling

Keith Woodford explains how Fonterra’s capital shortage has now got a great deal worse, with no easy answers

Keith Woodford explains how Fonterra’s capital shortage has now got a great deal worse, with no easy answers

The latest numbers say that Fonterra is struggling to turn around both its performance and its balance sheet, says Keith Woodford

The latest numbers say that Fonterra is struggling to turn around both its performance and its balance sheet, says Keith Woodford

Zhang Jun explains why China will not go the way of the Soviet Union in a cold war with the United States

Zhang Jun explains why China will not go the way of the Soviet Union in a cold war with the United States

BNZ unveils two breaches of banking registration that mean it has been overstating its capital adequacy ratios and has restated them, discloses big restructuring provision

BNZ unveils two breaches of banking registration that mean it has been overstating its capital adequacy ratios and has restated them, discloses big restructuring provision

Zhang Jun shows it is not easy being a Chinese company, with surcharges and taxes hobbling profitability, encouraging avoidance, and incentivising moves offshore. Inefficient SOEs impose large extra costs too

Zhang Jun shows it is not easy being a Chinese company, with surcharges and taxes hobbling profitability, encouraging avoidance, and incentivising moves offshore. Inefficient SOEs impose large extra costs too

Zhang Jun shows that rising debt, falling investment and poor productivity are not only hampering the Middle Kingdom, but policy responses to them are not helping

Zhang Jun shows that rising debt, falling investment and poor productivity are not only hampering the Middle Kingdom, but policy responses to them are not helping

New Motu study finds spending on ‘intangibles’ fosters firm growth but doesn’t boost productivity

New Motu study finds spending on ‘intangibles’ fosters firm growth but doesn’t boost productivity

Chang Ka Mun and Jaana Remes argue that Chinese urban consumers represent the future of the global economy

Chang Ka Mun and Jaana Remes argue that Chinese urban consumers represent the future of the global economy

Zhang Jun says regional differences in economic performance reflect the country's massive structural changes as it seeks the status of a high-income economy

Zhang Jun says regional differences in economic performance reflect the country's massive structural changes as it seeks the status of a high-income economy

China faces large restructuring challenges but it also has a big advantage. And the productivity gains from this transformation will be huge

China faces large restructuring challenges but it also has a big advantage. And the productivity gains from this transformation will be huge