It's been a crucial two weeks. Germany's constitutional court ruled that the European bailout fund is legal. Ben Bernanke, Mario Draghi and Masaaki Shirakawa fiddled with the money supply in America, Europe and Japan. The result was impressive. Not much happened.
The Reserve Bank of Australia (RBA) announced on Thursday that it registered a $1.076 billion profit in the last financial year. It is a turnaround from the $4.889 billion loss the central bank logged the previous financial year.
One hundred years ago, the Titanic slipped below the frigid waters of the North Atlantic Ocean. That's roughly the same moment when the US dollar also hit an iceberg. In 1913, one year after the Titanic disaster, the US government passed the Federal Reserve Act...and the dollar's value has been sinking ever since.
Weak consumer spending continues to batter Australia's retail sector, causing a 40 per cent slump in profits for David Jones and some of the leading local retailers to considering moving out of the country.
In announcing QE3, Ben Bernanke's words betrayed not the slightest doubt that this is the right thing. More Fed bond purchases, combined with three more years of zero interest rates, he said, will quicken economic growth and cause unemployment to fall. And the punditry class all nodded in unison.
A modeling released Monday by the Minerals Council of Australia warned of a 5 per cent contraction in the country's economy due to the cost crisis that threatens to halt mining mega projects. To counter the threat, the council pushed the federal government to commit to controversial policies to bring back its competitiveness.
Do university graduates have an advantage during an economic downturn?
Ford Motor Company, in a bid to lessen its dependency on the precious rare earths metals, has moved to come up with a new line of automobiles that run on new lithium-ion batteries instead of the nickel-metal-hydride batteries.
Weight Watchers, the international diet programme, has endorsed a new line of diet wines from Australian producer McWilliams Wines.
"I'm not going to be the guy that lies on media, I'm not going to be the guy that stands up here and lies to Australia," thus said Australia's Olympic heat swimmer Tommaso D'Orsogna in an apparent tell-all interview over Channel 10 'The Project' on Wednesday night.
Sure they are disabled. But the fact cannot be discounted that Australia's Paralympic team brought home more golds and more medals from the London 2012 games than their abled but currently controversy embroiled counterparts.
Australia's Olympic swim team is now in submerged in hot water after a panel was requested to be established to review the team's lackluster performance in the recently concluded 2012 London Olympics in August.
Wheat, Australia’s chief farm export produce, is expected to deliver less yields in the current financial year, according to the latest estimates issued on Tuesday by the Australian Bureau of Agricultural and Resource Economics and Science (ABARES).
FedEx Corp.'s shares dropped roughly 3 percent in after-market trading as the company, which is the world's largest express parcel service by revenue, informed about cutting outlooks on earnings for its just-completed first quarter.
A new list of world university rankings for 2011-2012 released by QS World University Rankings has ranked the Australian National University (ANU) as Australia's best university, while the Massachusetts Institute of Technology is the world's best.
The economy of Australia has once again enjoyed a solid growth thereby outpacing its peers in the last quarter. But the tumbling prices of export and marked slowdown in China left them with very little time to celebrate. These factors actually resulted in a cut in the Australian rates of interest so as to safeguard their growth in future.
Last week we examined Bernanke's dishonesty; today we'll examine his insanity.
China will try to do what's right for her, not for Australia. But sometimes we're not sure China even knows what's 'right'. There are so many competing forces in a centrally planned economy that no one knows what's going on.
Vast amount of clean energy can be generated via wind turbines and supply more than enough of what the entire planet needs, reports said.
Western Australia Premier Colin Barnett said on Tuesday that the city of Perth is shedding its blue collar reputation and is even attracting fresh professional talents. Among those who moved to the WA capital city are scientists, engineers and academics.
Home prices in China are seen stabilising amidst the beginning of traditional peak season which begins this month pushing forward the month of October.
Target Australia Pty Ltd, an Australian department store chain owned by Wesfarmers, is now the target of a legal action after a US cosmetics and fragrance giant found the retailer has been selling fake M·A·C Cosmetics at its stores.
The fresh Qantas-Emirates code-sharing deal could spell the end of the national carrier’s international career, analysts said, in return for strong semblance of profitability on the domestic front.
Shares of beleaguered Australian carrier Qantas Airways surged on Thursday after the flying kangaroo announced on the same day it has entered into a 10-year arrangement with Dubai's Emirates that will enable the Australian airline fly to London via Dubai.
A new global Web index launched by Tim Berners-Lee, the inventor of the World Wide Web, has found that Australian ranked eighth best in utilising the Internet to improve people's lives, both socially and politically. Sweden ranked first, followed by the U.S. in second and the UK in third.
Some 40,000 teachers took part in what could be Victoria state's biggest teachers' strike that forced 400 schools to close and left thousands of school kids to stay home these past days.
In France, as in the USA, the weight of the welfare/warfare state rests on the shoulders of this next generation. In America, they are expected to support $211trn of debt and unfunded healthcare and pension liabilities.
China has pledged more help for the deteriorating eurozone crisis, with Premier Wen Jiabao promising to purchase more EU government bonds.
Spain's government has approved the creation of a so-called "bad bank" that will take over most of the nation's worst property assets and defaulted loans
Two months after it acquired a 4 per cent controlling stake in Virgin Australia Holdings, Abu Dhabi's flagship carrier Etihad Airways on Sunday announced this has been increased to 10 per cent, even as it reiterated it will not push for a majority stake ownership in Australia's second-largest airline.
