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.
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.
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.
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.
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.