Cotton production in Australia, the world’s third-biggest exporter, may decline to the lowest level in at least three years as drought curbs crops and water availability, according to a growers’ group. Prices advanced.
Eli Lilly & Co. and Abbott Laboratories are offering help to the 13.8 million American men who have low levels of testosterone. Doctors warn that demand for the treatments could lead to overuse with deadly side effects.
Cotton production in Australia, the world’s third-biggest exporter, may drop 9 percent this year as drought curbs planting in Queensland state, the country’s second-biggest grower, according to an industry group.
Fairfax Financial Holdings Ltd. has climbed to the highest level since 1999 after investments in Irish banking and Canadian cattle feed surged, more than offsetting any potential loss from a $4.7 billion bid for smartphone maker BlackBerry Ltd.
An agreement Gina Rinehart claims gives her a stake in a 3 billion ton iron ore property in Australia died with her father Lang Hancock in 1992, and the stake is rightfully owned by the family of Hancock’s former partner Peter Wright, a lawyer for Wright’s company said.
The top U.S. railroad regulator was accused by a House member from California of misleading Congress to promote the state’s proposed high-speed train network, which President Barack Obama’s administration supports as cost estimates escalate.
Spain and Italy reinstated a short- sale ban on stocks as bank shares plunged to record lows, bond yields rose and the euro traded below its lifetime average against the dollar on concern the debt crisis is growing.