Pressure mounts on Fonterra’s China strategy
Cutting losses is never easy because it means directors and managers have to stand up and admit they made a mistake.
Shoeshine
Mon, 24 Jul 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
A couple of months ago Singapore’s sovereign wealth fund, GIC, sold almost half its stake in Swiss bank UBS, partially ending a disastrous investment made nearly a decade ago.
Once all is said and done, GIC stands to lose about $NZ5.6 billion – a most unfortunate bet that could have been
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Shoeshine
Mon, 24 Jul 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.