POLITICS & POLICY

Australian Dollar Outlook - 06 June 2013

Bell FX Currency Outlook: The Australian Dollar has fallen quite suddenly overnight, dropping to a low of USD0.9512 early this morning, which has it more than two-and-a-half cents since Tuesday.
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Australian Dollar Outlook - 05 June 2013

Bell FX Currency Outlook: The Australian Dollar is steady at USD 0.9650 following yesterday's 'no change' announcement at 2.30pm by the RBA and a relatively quiet overnight session offshore.

India to Control Gold Importation

As the price of the safe haven yellow metal gold continues to slump, India, the world's biggest buyer of the metal, wants to control gold importation after data showed it imported the metal by a whopping 150 per cent increase over the month of April.

Australia Politics: Labor Is Up for an Electoral Wipeout

Recent polls about the upcoming elections reveal Coalition is leading the race. According to surveys, one out of two voters is in favor of the Coalition. The recent results also show the Coalition gaining as much as a 16-point lead.

Australian Dollar Outlook - 04 June 2013

Bell FX Currency Outlook: The Australian dollar has rallied strongly overnight, pushing up towards USD0.9800 on the back of weaker manufacturing numbers in the US.

Judge to Google: Hand over Customer Data to FBI

Google is obliged to hand over customer data to the FBI on the department’s demand and as ordered by the judge. The customer data will help shed light on a national security investigation, the federal judge said. Earlier in the year, the judge called the FBI’s request as unconstitutional.

Queensland Power Rates to Increase By 22.6% Beginning July

Queensland households will experience a 22.6 percent increase in their electricity rates beginning July 1 as announced by the Queensland Competition Authority on May 31. The increase will see an average household power bill shoot up from $1184 to $1451.

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