The New Zealand dollar traded close to parity with the Australian dollar amid speculation weak Australian inflation data today could push it through the historic milestone. The kiwi touched a record against the euro on concern about whether Greece will exit the common currency. The kiwi hit 99.59 Australian cents overnight and was trading at 99.51 cents at 8am in …

The acquisition of Kawarau Village  – including five star Hilton Hotel and 4.5 star Kawarau Hotel is Pengxin’s first investment in NZ tourism. After months preparation, Kawarau Hotel is rebranded as Double Tree Hotel, which is sub brand of Hilton Group. Near 100 people gathered to celebrate the opening of the first Double Tree In New Zealand. Zhaobai Jiang,chairman of Shanghai …

HSBC has singled out five macro themes for 2015. With disinflationary pressure rising, we lower our GDP and inflation forecasts for 2015 and 2016. Beijing will likely step up policy easing to stabilise the economy. We also expect the pace of key reforms to accelerate Both economic activity and inflation data have been weaker than we anticipated in recent months, suggesting rising …