Australia & New Zealand News
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Australia’s central bank is relying on slower wage growth and better productivity to contain inflation pressures as the damping effects of a four-decade high currency begin to wane, Deputy Governor Philip Lowe said.
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Shareholders in Xstrata Plc shouldn’t expect that a takeover by Glencore International Plc will deliver a windfall if the history of the deals that created two of its biggest rivals is any guide.
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The Obama administration plans to nominate within weeks a candidate to replace World Bank President Robert Zoellick, who says he’ll leave the institution when his five-year term ends June 30.
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Iranians arrested after blasts on a Bangkok street aimed to attack Israeli diplomats, and the devices used were similar to bombs targeting Israelis in India and Georgia this week, according to Thailand’s police chief.