Australian Deputy Prime Minister Warren Truss addresses reporters in Canberra today. *Australia drafting laws to remove government-imposed foreign ownership restrictions *“We have indicated an interest in being prepared to seek to legislate to take away the legislative and government-imposed disadvantages that Qantas faces on the domestic market.”: Truss *Government philosophically attracted to leveling playing field *Qantas appears poised to announce major structural changes
The world’s major economies pledged to maintain generally accommodative policies and pay heed to the international repercussions of their actions as Federal Reserve Chair Janet Yellen won praise for helping smooth emerging-market concerns.
Group-of-20 nations agreed to implement a global standard for automatically exchanging information between tax authorities by the end of 2015, the Organization for Economic Cooperation and Development said.
The world needs to adjust to the Federal Reserve’s tapering, Australian Treasurer Joe Hockey said, backing a stimulus reduction by the U.S. that sparked market turmoil and emergency measures in some emerging markets.
Australia refused to give a A$25 million ($21.8 million) grant to local fruit processor SPC Ardmona Ltd. saying parent Coca-Cola Amatil Ltd. was capable of restructuring the company without government support.