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Hugh Hendry, one of Britain’s highest profile hedge fund managers, has told New Zealand institutional investors his 2013 conversion from a bearish to bullish outlook is starting to pay off. Speaking to an Auckland audience via Skype from the UK this week, Hendry said his Eclectica hedge fund, which he founded in 2005, was now up 14 to 15 percent this …

The New Zealand dollar declined against a stronger British pound after upbeat minutes from the Bank of England’s last meeting, stoking expectations the next move in UK interest rates will be higher. The kiwi dropped to 50.92 British pence at 8am in Wellington, from 51.39 pence at 5pm yesterday. The local currency slipped to 76.60 US cents from 76.81 cents yesterday. …

Former Prime Minister Jenny Shipley wants New Zealand firms to take advantage of her appointment to the board of the Boao Forum, which is made up of global political and commercial leaders, to seek business opportunities in Asia. Shipley was appointed to the board last month at the forum, which is focused on setting up the ‘One Belt, One Road’ initiative to …

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 …

Economic Development Minister Steven Joyce has officially opened the Shanghai office of Primary Collaboration New Zealand (PCNZ) – a coalition of New Zealand food and beverage companies pooling their expertise in China. Joyce, who is currently visiting Shanghai to foster business ties between New Zealand and China, says the new premises will provide a boost to the export ambitions of …

Nuplex Industries, the specialty chemicals manufacturer, is exploring more investment opportunities across Asia, having shifted its businesses away from the firm’s traditional markets in Australia and New Zealand.  The Auckland-based company officially opened a US$35 million plant in China’s Changshu, and is already considering expansion plans for the site, where it holds a 50-year lease. The company was caught out …

A group of New Zealand primary sector firms has opened a joint marketing office in Shanghai, completing a three-year gestation to make life easier in breaking into the world’s second biggest economy.  Primary Collaboration New Zealand officially opened its office in one of China’s major cities yesterday in what chairman Andy Borland hopes will give local firms a foothold in what’s seen as …

Kiwa Digital Ltd (KIWA), a world leading production house for experiential digital books based in New Zealand, is to deliver interactive cartoon stories to mobile devices in China. In a breakthrough international publishing and licensing agreement with leading Chinese television company, Beijing Kaku Media, KIWA will bring popular children’s characters to life digitally in the Chinese language. The agreement was …