Bloomberg Australia will create a Home Affairs ministry to boost anti-terrorism links between government agencies, in the nation’s biggest security shakeup in more than 40 years, Prime Minister Malcolm Turnbull said. To be led by current Minister for Immigration and Border Protection Peter Dutton, the portfolio will be based on the UK’s Home Office and have oversight of federal police, ...

Bloomberg A cut by Rio Tinto Group to its full-year iron ore shipping guidance is set to bolster prices that have rebounded into a bull market on stronger-than-expected demand in China. Iron ore futures in Singapore surged as the world’s No. 2 exporter flagged on Tuesday that cargoes from Australia are expected at about 330mn metric tons in 2017. That’s ...

Bloomberg India’s vast rural hinterland, which makes up 70 percent of the South Asian country’s population, is showing signs of recovery from last year’s cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor. The micro-finance industry is rebounding, real rural incomes are rising and unemployment is falling, according to brokerage Motilal Oswal Securities Ltd. ...