Word: australian
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...significantly higher short-term yield. One factor behind its growing popularity in Asia is because the other side of the trade - the currency one buys with the dollars one cheaply borrows - are mostly to be found in the Asia-Pacific region. Most coveted, according to traders, are the Australian dollar, the Indonesian rupiah, and even the infrequently circulated Sri Lankan rupee...
...afternoon to watch it's most famous equestrian event - the Melbourne Cup. This year the excitement began prematurely when, on Sept. 18, part of the international lineup of horses was revealed in the daily Sydney Morning Herald. Racing fanatics were not the only ones to pay heed, and some Australian politicians were shocked at this year's contenders...
...held through October and November. His stallion Bankable is set to start in the $655,000 LKS Mackinnon Stakes race on Oct. 31, and his gelding Mourilyan will race in the Melbourne Cup itself. Both horses are about to be quarantined in England before flying to to Australia. If Australian authorities don't intervene - which some politicians here are saying they should - they are due to arrive in Australia on Oct. 10. (See pictures of Chechnya today...
...some, the answer is clear. Australian Greens Party Senator Bob Brown has said that hosting Kadyrov's racehorses in the $4.95 million Melbourne Cup, could be "the lowest point of Australia's sporting history." Brown is running a campaign to ban the horses from entering the country. "He shouldn't be benefiting from our Spring Carnival. The prospect of his horses winning the Melbourne Cup is nauseating," Brown told TIME...
...While Mourilyan's slated appearance at this year's Melbourne Cup seems to be causing headaches for Australian politicians and Spring Carnival organizers, the horse's British trainer Gary Moore told TIME that he "wouldn't be fussed" if it was disqualified for political reasons. Purchased by Kadyrov from the Aga Khan in 2008, Mourilyan has seen more of the world than most Chechens, and has competed in Ireland, Dubai, and the United Kingdom when it competes overseas he is trained by a South African trainer . Moore says that Mourilyan has a "decent chance" of winning if the ground...