Australia & New Zealand News
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Investors are rekindling their romance with Australia’s debt markets with a record A$7 billion ($6.3 billion) sovereign sale coming days after Westpac Banking Corp. said fixed-income buying was the strongest in two years.
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The Australian dollar headed for a weekly drop versus currencies of the U.S. and Japan on concern China’s economy is slowing and before Crimea votes this weekend on whether to leave Ukraine to join Russia.
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As more environmentally conscious Americans do their bit to help clear the air by paying up for an eco-friendly Prius or a sporty Tesla, a damaging form of polluted rain is falling in China.
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China’s weakest start to a year for investment growth since 2001 and unexpectedly slow industrial production add pressure for economic stimulus, just as Premier Li Keqiang signals he wants to avoid such a move.