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.
Kevin Rudd was sworn in as Australian prime minister for his second stint in the post, tasked with reviving the ruling Labor party’s prospects in the next election as it trails the opposition in opinion polls.
Australia’s lower house passed Prime Minister Julia Gillard’s carbon plan today as she struggles to rebound from record-low public support and win backing for a more closely contested vote on immigration policy.
Prime Minister Kevin Rudd trails the opposition ahead of next month’s Australian election as polls in the most marginal districts indicate coalition leader Tony Abbott may gain enough seats to form government.
Australia’s former Prime Minister Kevin Rudd is twice as popular with voters as incumbent Julia Gillard six months ahead of an election, according to an opinion poll that may stir more talk of a leadership challenge.
The Liberal-National Coalition prepared to form government in Victoria, Australia’s second-most populous state, for the first time in 11 years after the Labor Party led by John Brumby lost seats in an election two days ago.
Australian Prime Minister Julia Gillard and predecessor Kevin Rudd face off in a leadership contest today, with the victor needing to revive the Labor party’s lagging ratings before elections due in 2013.