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Australia rules out sale of cattle empire to foreigners

KUALA LUMPUR / Bloomberg Australia’s current government will never sell its largest cattle empire to foreigners, the treasurer said on Wednesday after blocking a takeover by a Chinese-led consortium. Chinese-based Dakang Australia Holdings on Tuesday withdrew its application to buy an 80 percent stake in Australia’s largest private landholding, S. Kidman & Co. Ltd., after Treasurer Scott Morrison last week ...

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Blair says UK to ‘do sensible thing,’ vote against Brexit

Bloomberg Former U.K. Prime Minister Tony Blair said he believes British voters will “do the sensible thing” and vote to stay in the European Union in next month’s referendum. “If we were to leave, it would put a level of economic insecurity into the ordinary family household that I think most people would think is a foolish risk to take,” ...

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Russian Ruble falls most in world on oil after 2-day holiday

  Bloomberg The ruble weakened the most among currencies worldwide, catching up with the biggest decline in oil in more than a month, as Russian markets reopened following a two-day holiday. The currency slid 2.7 percent to 66.37 per dollar in Moscow, the biggest fall since Feb. 2. That pared its gains in 2016 to 10.8 percent, the most in ...

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