Prime Minister John Key arrived back in New Zealand from Beijing with a strong message ringing in his ears that China Inc wants to step up the pace and take the bilateral economic partnership to the next stage. It was a good week for Key. Not only have senior Chinese accepted the essential value proposition of New Zealand to China (which …

On the Road - Boao  TV3’s Paddy Gower scooped the pix for the Gillard kiss (double-cheeks if you have to know) after John Key swept down the staircase at the Boao Sofitel hotel straight into the Australian Prime Minister’s open-armed greeting. The photo-op had been careful stage-managed by Julia Gillard’s PR who officiously told the NZ journalist delegation accompanying the …

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CYPRUS REJECTS LEVY PROPOSAL: Overnight, the focus remained on the Cypriot deposit levy/bailout issue.  In latest news the vote of ‘Plan B’ has just failed. Overnight the Cyprian parliament debated a ‘Plan B’ as they rejected the current governing party’s request to postpone the vote and ‘Plan A’ was a show stopper. ‘Plan B’  was  only slightly modified from the first cut as …

John Key tour - Brazil  Transport Minister Gerry Brownlee welcomed the new open skies air services agreement between New Zealand and Brazil. “Brazil is touted to become one of the world’s most powerful emerging economies,” Brownlee says. “It will also host the next FIFA World Cup and Olympic Games. “Travel between New Zealand and Brazil is increasing, with around 10,000 Brazilians visiting New …

New Zealand banks face what’s expected to be the biggest class suit the country’s seen over $1 billion in default fees claimed by lenders over the past six years. Three of Australasia’s biggest law firms will announce the class suit to reclaim the fees, according to a statement. The fees are charged when customers overdraw their accounts, pay credit card …

John Key tour - Colombia  If Hugo Chavez was in John Key ‘s place he’d bellow ‘Vete al inferno’ if asked if he planned to go to the funeral of a political leader who was his polar opposite. He’s not of course. Chavez is dead. Finally. Succumbed to cancer. Poisoned by the Americans says Vice President Nicolás Maduro. As he …

The value of cash market trading on New Zealand’s stock exchange jumped 58 percent in February from the same month a year earlier as low interest rates keep investors looking for better returns. Total trades increased 4.8 percent to 81,624 last month from February 2011 with the total value traded at $3.5 billion, according to the NZX’s monthly metrics. Average …

John Key tour - Colombia  The death of Venezuelan President Hugo Chavez had the Prime Minister’s staff burning the midnight oil at a humid hotel on the Colombian coast to recalibrate the Chilean part of his four country Latin American swing to accommodate the wish of Chilean President Sebastian Pinera to attend Chavez’s state funeral. The state funeral is due …

Primary Industries Minister Nathan Guy has extended the official drought areas across the North Island, meaning government support programmes can be rolled out to those areas. A state of drought has been officially declared in South Auckland, Waikato, Bay of Plenty and Hawkes Bay, Guy said in a statement. That covers Auckland Council area south of the Harbour Bridge, all …