Australia & New Zealand News
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A year after an earthquake wrecked New Zealand’s second-largest city, the first steel piles are appearing downtown, signs of reconstruction that Westpac Banking Corp. says will spur inflation and end record-low interest rates.
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Russia, set to be the third-largest wheat shipper, aims to secure a “foothold” among buyers in Asia, increasing competition for U.S. and Australian supplies.
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China National Petroleum Corp., the country’s biggest energy producer, offered to buy a stake in Woodside Petroleum Ltd.’s Browse liquefied natural gas project in Australia, two people with knowledge of the matter said.
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Woodside Petroleum Ltd., Australia’s second-largest oil producer, increased the estimate for its natural gas resources in the Browse Basin as it considers the sale of a stake in a venture to liquefy the fuel for export.
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