Australia & New Zealand News
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The euro climbed against the dollar and the yen as a report showed German business confidence rose to the highest level in seven months in February amid progress in taming the region’s debt crisis.
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Barrick Gold Corp. and Goldcorp Inc., the world’s largest producers of the metal, are poised to outperform bullion after gold-mining companies fell to their cheapest in at least a decade, executives said.
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Len Blavatnik, the billionaire owner of Warner Music Group, hasn’t given up pursuing EMI Group’s recorded music unit as its sale to Vivendi SA is scrutinized by regulators, three people with knowledge of the matter said.
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Woodside Petroleum Ltd., Australia’s second-largest oil producer, is considering buying back Royal Dutch Shell Plc’s holding, valued at $7.7 billion, using cash from its Pluto liquefied natural gas venture.
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