Australian, N.Z. Dollars Advance as Stocks Gain on Auto Rescue
The Australian and New Zealand dollars rose as stocks in the region gained amid reports U.S. lawmakers may agree to rescue automakers, spurring investors to buy high-yielding assets. The currencies extended gains from Dec. 5 after U.S. President-elect Barack Obama on the weekend pledged the biggest public works program in about 50 years to help [...]
Qantas Says ‘Significant’ Issues Tied to Merger Talks
Qantas Airways Ltd., Australia’s biggest airline, says “significant matters” need to be resolved before a merger with British Airways Plc can be achieved. These include “an appropriate merger ratio,” issues connected with British Airways’ pension fund and the global economic outlook, Chief Executive Officer Alan Joyce said today in Sydney at a business lunch, the [...]
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