Wellington, March 4 NZPA - The remnants of a Chinese dairy operation into which Fonterra's farmers sank over $200 million were today sold at auction to a big rival for 616.5 million yuan ($NZ184.12 million).

By Kevin Norquay of NZPA Wellington, Dec 16 NZPA - This was the year New Zealand lost its most famous and treasured citizen, notched its greatest day at an Olympic Games, and voted for a change of Government.

By Kevin Norquay of NZPA Wellington, Dec 16 NZPA - This was the year New Zealand lost its most famous and treasured citizen, notched its greatest day at an Olympic Games, and voted for a change of Government.

Wellington, Sept 24 NZPA - Fonterra Co-operative Group today slashed the book value of its investment in troubled Chinese joint venture Sanlu by $139 million to an estimated $62 million, and cut back its forecast payouts to farmers this season.