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Daily Dispatches – No vegetarians please

China’s largest meat processor signs $4.7 billion agreement deal for Smithfield Foods Inc. making it the biggest Chinese takeover of an American company.

Kiwi dollar

New Zealand’s central bank is prepared to increase currency sales to combat a “significantly over-valued” exchange rate, Governor Graeme Wheeler said.New Zealand’s dollar is the second-strongest in the past year after the Swedish krona, among the 10 currencies tracked by Bloomberg Correlation-Weighted Indexes.

For Sale

Hopewell Holdings, a property and infrastructure group controlled by septuagenarian Hong Kong billionaire Gordon Wu, has said it plans to spin off its real estate unit in a HK$5.4bn IPO.

Fragile Australians

The next Australian government should be prepared to push the budget even further into deficit if the economy weakens, the Organisation for Economic Co-operation and Development says.

Deutsche shuffle

Mark Whitcroft is to leave Deutsche Bank’s Asia debt team for a new role in the New York corporate debt team. Haitham Ghattas is joining the bank as head of high yield.

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