Australia & New Zealand
Australian Dollar Trades Near Seven-Week High on Employment, Rate Outlooks The Australian dollar rose to its
strongest in seven weeks before a report tomorrow economists say
will show employers added jobs for a sixth month, spurring
expectations for an interest-rate increase in April.
Nufarm Shares Decline as Much as 10% in Sydney Ahead of Sumitomo Deadline Nufarm Ltd., Australia’s largest
supplier of farm chemicals, fell to the lowest in 15 months in
Sydney trading, before a deadline on a share offer from Sumitomo
Chemical Co.
Australian Economy Will Grow Faster Than Average, Reserve Bank's Lowe Says Australia’s economy is likely to
expand at or above its average pace over the next few years,
stoking inflation pressures and house prices, central bank
official Philip Lowe said.
Home-Loan Approvals Unexpectedly Fall in January as Borrowing Costs Rise Australian home-loan approvals
unexpectedly fell in January by the most in almost a decade
after central bank Governor Glenn Stevens raised borrowing costs
and the government cut assistance to first-time buyers.
Shell's Pickard Set to Begin as Top Executive in Australia Amid Arrow Bid Royal Dutch Shell Plc, bidding with
PetroChina Co. to acquire Arrow Energy Ltd., said Ann Pickard is
expected to start this month as the executive vice president
leading oil and gas exploration and production in Australia.
Atlas Iron Agrees to Buy Aurox for $131 Million to Boost Ore Resources Atlas Iron Ltd., an Australian iron
ore producer, agreed to buy Aurox Resources Ltd. for A$143
million ($131 million) in shares to increase its ore resources
and port capacity
Cashmere in Talks With Chinese Steel Mills to Develop Iron Ore Project Cashmere Iron Ltd., which yesterday
said it discovered a 1 billion-metric ton iron ore deposit in
Australia, is in talks with Chinese steel mills and other
potential partners in Asia and the U.K. to help develop the
project.
Maanshan Steel Says Coking Coal Imports to Rise, to Sustain BHP Purchases Maanshan Iron & Steel Co., the
second-biggest Chinese steelmaker listed in Hong Kong, will
increase coking coal imports this year, adding to rising global
demand that’s sent prices soaring.
Atlas to Start Selling Iron Ore on New Cash-Benchmark Price Mix Mechanism Atlas Iron Ltd., an Australian iron
ore producer, will start selling the material to Asian steel
mills next month using a new mechanism blending cash and
benchmark prices.
Hoki Well Pivotal to Expanding New Zealand's's Largest Oil Area, OMV Says OMV AG, central Europe’s biggest
oil company, said the Hoki-1 well being drilled in New Zealand’s
Taranaki basin may be pivotal to developing the country’s
largest oil-producing region.
Rudd, Yudhoyono Agree to Intensify Struggle Against Smuggling of People Australia and Indonesia agreed to
work more closely on combating human smuggling and terrorism and
will upgrade annual talks between leaders and officials to a
level enjoyed by Australia’s closest ally, the U.S.
Australia to Save $730 Million on Defense by Trimming Non-Military Costs Australia will save A$797 million
($730 million) in spending this year and will investigate
reports of funds wasted on luxury items, the Department of
Defense said today.
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