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APAC+ It's been a half century since Australia and China established formal relations, but neither side is really celebrating. After several years of growing tensions, the potential for a reset under Australia's new Labor government is in question as trade sanctions remain and diplomatic disputes persist.
Subscriber OnlyBusinessTexas Deep Freeze Delivers Macquarie $210 Million WindfallMacquarie shares hit one-year high as profit forecast raisedBank profited as pipeline customers shipped more gas to TexasWATCH: Freezing temperatures and lack of stored energy left millions of Texans in the dark and without heat.Source: BloombergByNabila Ahmed+FollowFebruary 22, 2021, 5:02 AM UTCUpdated onFebruary 22, 2021, 11:05 AM UTCFor a fresh perspective on the stories that matter for Australian business and politics, sign up for our weekly newsletter.The Texas deep freeze that upended the U.S. energy market has delivered Macquarie Group Ltd. a windfall of as much as A$270 million ($210 million) amid wild swings in gas and electricity prices.
