Australia’s Treasurer Wayne Swan said the local currency’s strength reflects the health of the economy, and said the government supports a floating currency. Swan made the comments in an e-mailed statement today.
With the Australian dollar’s rise, Sydney is now an expensive place to dine by global standards. Thankfully, creative chefs, fresh ingredients and spectacular settings mean diners aren’t short changed.
A mile-high skyscraper, almost double the height of today’s tallest building, may become a reality by 2025 as developing countries splurge cash in an ego- fueled race to construct the world’s highest tower.
Macquarie Group Ltd.’s debt rating was placed on review for possible downgrade by Moody’s Investors Service, which cited the company’s earnings outlook against a backdrop of “protracted weakness in the financial markets.”