Bloomberg Australia’s dollar held near its highest since early May after a report showed full-time employment in the nation surged last month. New Zealand’s dollar tumbled as the central bank’s plan to update its economic assessment spurred speculation for a rate cut. The Aussie headed for a seven-week rally that would be its longest winning streak since 2012, after ...

  Bloomberg Hyundai Merchant Marine Co will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses. It will join a grouping known as 2M starting April next year, the Seoul-based company said in an e-mailed statement on Thursday. The group, led by ...

WASHINGTON Few technological breakthroughs have had the social and economic impact of the automobile. It changed America’s geography, spawning suburbs, shopping malls and sprawl as far as the eye could see. It redefined how we work and play, from the daily commute to the weekend trek to the beach. It expanded the heavy industry — steel-making, car production — that ...