POLITICS & POLICY

Australian Dollar Outlook - 05 August 2013

Bell FX Currency Outlook The Australian Dollar has continued to fall trading at a new three-year low on Friday night as the US non-farm payroll data for July fell short of expectations and a few analysts doubted whether US Fed stimulus would be reduced in September.

Cyber Espionage: Everyone is Doing It, says Malcolm Turnbull

Cyber espionage has become a hot subject for debate these days. All the countries deny spying yet at the same time accuse others of doing it. One man wants to put an end to this hypocrisy and wants honest international discussion on cyber espionage. According to itnews.com.au, the shadow communications spokesman Malcolm Turnbull made these comments at a community forum on electronic privacy in Paddington last night.
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Canada’s Fed Govt, Ontario, Seek to Divest Shares in General Motors

The federal government of Canada and state government of Ontario have been reported to have started the necessary steps to divest their remaining collective 10 per cent stake in General Motors Co. Both governments have started to approach investment banks that could help in their offloading plans.

Australian Dollar Outlook - 02 August 2013

Bell FX Currency Outlook The Australian Dollar has fallen to a fresh three-year low as strong US economic data raised the possibility the Federal Reserve will start winding down its economic stimulus program soon.

Tension in Australian Labor Party: Kevin Rudd Appoints Sons and Hires Ex-Obama Staff to Boost Campaign

The Labor election campaign is getting a big boost following the appointment of Kevin Rudd's sons to the campaign team and the hiring of three ex-Obama staff. Australian Prime Minister Kevin Rudd has given both of his sons key election roles in a move that has raised eyebrows within the Australian Labor Party’s campaign team. After news of Mr. Rudd's intention of flying the U.S. President Barack Obama's campaign team to Australia broke out, the Coalition has immediately criticised the...

Australian Dollar Outlook - 01 August 2013

Bell FX Currency Outlook The Australian Dollar has fallen below USD 0.9000 after good US economic data and a Federal Reserve announcement pulled the currency in opposite directions.

Gay Asylum Seekers Also Bound for Rape Island (VIDEOS)

Like pregnant asylum seekers in Australia who will still be sent to Manus Island in Papua New Guinea for processing despite the risk of exposure to malaria, gay asylum seekers would similarly not be spared from being resettled in the place now notoriously referred to as Rape Island.

Corruption Inquiry: Former Australian Labor Party Ministers Face Criminal Charges Over Coal-Mining Deal

The Independent Commission Against Corruption have recommended criminal charges against two former high-profile ministers of the Australian Labor Party. In an explosive inquiry in Sydney going on for months now, the commission has found that Eddie Obeid, a former powerful minister in the New South Wales state and Ian Macdonald, former state resources minister, were guilty of corruption on a coal-mining deal.

Australian Dollar Outlook - 31 July 2013

Bell FX Currency Outlook: The Australian Dollar tumbled more a one cent yesterday after remarks by RBA Governor Stevens on the inflation outlook for Australia and the scope for further reductions in the cash rate.

Clintons Detest Comparison with Anthony Weiner-Huma Abedin (VIDEOS & PHOTOS)

Even though Bill and Hillary Clinton had a very public sex scandal when the U.S. president then had a headline-hugging affair with White House intern Monica Lewinsky, the former first couple rejects any comparison with Ms Clinton's former aide Huma Abedin and her husband, disgraced New York mayoral candidate Anthony Weiner.

Australian Dollar Outlook - 30 July 2013

Bell FX Currency Outlook: The Australian Dollar is trading lower this morning as the market plays it safe ahead of the US Federal Reserve meeting later this week.

Snowden Will not Get Death Penalty if He Returns Home

Attorney General Eric H. Holder Jr. sent a letter to Russia, affirming that Edward Snowden would not be given a death sentence if he tries to enter the U.S. Mr. Holder Jr. also said that a passport would be issued right away so that he could fly back to the U.S. Russian President Vladimir V. Putin had said that the U.S. had gotten itself into an awkward shape, where Mr. Snowden had become immobile.

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