Australia & New Zealand News
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Australia’s central bank still holds sway over the nation’s economic cycle, Reserve Bank Assistant Governor Guy Debelle said, downplaying suggestions that domestic lenders are blunting policy makers’ influence.
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Macquarie Group Ltd., Australia’s biggest investment bank, cut about 10 percent of its investment banking workforce in Asia last week, two people with knowledge of the departures said.
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Wheat exports from Australia, set to be the world’s second-biggest shipper, may climb to a record this year as the harvest advances to an all-time high after favorable weather, according to the government forecaster.
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The largest glut of zinc in almost two decades is threatening to curtail a rally in prices as record production expands inventories to the highest since at least 1984.


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