Sydney / AFP A Chinese-led consortium has withdrawn its $281.5 million bid for Australia’s vast Kidman cattle empire after the government indicated the deal was not in the national interest, the seller said on Tuesday. Australia’s biggest private landholder S. Kidman and Co. had selected the bid by Chinese-owned Dakang Australia Holdings and ASX-listed Australian Rural Capital (ARC) as …

  Bloomberg The European Commission told the euro area’s largest economies to reduce debt and modernize labor markets as it again slashed its inflation forecast and warned of slower-than-predicted growth across the 19-nation bloc. France, Spain and Italy, which have persistently failed to hit European Union budget targets, are still off track, the Brussels-based commission said. Gross domestic product in …

  Bloomberg The euro advanced, headed for its longest winning streak against the dollar since 2013, amid signs the Federal Reserve will delay raising interest rates. Europe’s shared currency breached $1.16 for the first time since August as signs emerged that the regional economy may be improving. A report on Monday showed manufacturing expanded at a faster pace than initially …