Scotland’s nationalists increased support among voters for their plan to withdraw from the U.K., narrowing the lead held by opponents of independence to 16 percentage points, the latest monthly poll showed.
Prime Minister Tony Abbott’s election pledge to turn Australia’s remote north into a food bowl for Asia has set him on a collision course with his own government over foreign ownership of agricultural land.
The proposal by Scottish nationalists to retain the pound should they win independence would be the only practical option for the new country, currency traders say, even as the plan is rejected by the government in London.
Archer-Daniels-Midland Co.’s A$2.2 billion ($2 billion) takeover of GrainCorp Ltd. was blocked by Australia, prompting a record drop in shares of the east coast’s biggest crop handler and a slide in the local currency.
Scotland’s nationalist government aims to establish an independent state by March 2016, breaking away from the 306-year-old United Kingdom and keeping the pound as its currency, according to the blueprint it published today.