Australia & New Zealand News
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Cracking the heads of peaceful demonstrators in a square that has come to signify legitimate protest in the Arab world seems a clear indication that the Supreme Council of the Egyptian Armed Forces is not much better than the government it replaced. In three days of clashes centered at Cairo’s Tahrir Square, at least 22 people have died.
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Iron ore, which has surged 24 percent this month, may resume a decline as steelmakers in China, the world’s biggest consumer, restrict output due to falling demand, according to Peter Arden, an analyst at Ord Minnett Ltd.
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DuPont Co., the world’s biggest maker of titanium dioxide, may struggle to maintain profits from the white pigment because mining companies supplying the industry with raw materials haven’t kept pace with demand.
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Australian bonds gained as Europe’s sovereign-debt crisis and the failure of U.S. lawmakers to reach an agreement on cutting the budget deficit spurred demand for the safety of government securities.
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