The Australian government’s decision to block Archer-Daniels-Midland Co.’s takeover of GrainCorp Ltd. comes 12 weeks after Prime Minister Tony Abbott’s election-night vow that Australia is open for business.
Kevin Rudd vowed to save Labor from a “catastrophic” Australian election defeat when he took over as leader in June. While polls show he’s narrowed the gap, the party still faces eviction after six years in power.
Australian Prime Minister Tony Abbott will need to negotiate with a clutch of small parties to get his legislative agenda through parliament from mid-2014 after final counting showed them holding the balance of power in the Senate.
Australian Prime Minister Julia Gillard confronts mounting challenges to her own re-election after her Labor party suffered a landslide poll defeat in Queensland, leaving her with allies governing just two of the nation’s six states.
Citigroup Inc. and Commonwealth Bank of Australia received Australian retail sales data for March about 18 minutes before the general public because of a mix-up at the country’s statistics bureau, documents showed.
Dan Parks scored all of Scotland’s points as the team struggled to defeat Georgia 15-6 in a Rugby World Cup pool game. Samoa opened its campaign by beating Namibia 49-12 as Canada rallied to defeat Tonga 25-20.