POLITICS & POLICY

Australian Dollar Outlook - 06 September 2013

Bell FX Currency Outlook: The Australian Dollar has retreated from its recent highs as the G20 meeting begins in St. Petersburg and financial markets await the most recent US jobs data tonight.
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Climate Change Policy: Kevin Rudd Accuses Tony Abbott of Walking Away from Commitment

Australia's climate change policy is always considered to be a major factor that will greatly impact the next government after the Sept. 7 federal elections. For the Australian voting public, the issue of climate change has dropped down from the list of the most important issues that the next leadership should address.

Ad Criticising Rupert Murdoch Banned By Major TV Networks [VIDEO]

The TV ad of Getup has been banned in local networks because it criticises media mogul Rupert Murdoch. The activist group has lodged a complaint with the consumer watchdog Australian Competition and Consumer Commission for the refusal of Channels 7, 9, and 10 to play its advertisement on air.

Australian Dollar Outlook - 05 September 2013

Bell FX Currency Outlook: The Australian Dollar has extended its rally, and maybe heading toward USD 0.9200 after GDP data showed local economic growth was solid in the June quarter.

Kim Dotcom Quits Mega; Will Focus on Other Projects, Legal Battles & Political Aspiration

Kim Dotcom seems to have a few more surprises up his sleeves. After his tweet about plans to launch a political party in New Zealand - a leak which he attributed to “whistleblower”- picked up storm, it is now known that he quit as director of Mega, the cloud hosting service that he launched with much fanfare in Jan 2013, after his previous file sharing venture Megaupload was shut down in a U.S. driven operation, following allegations of mass copyright infringement and money laundering.

West Papua: Freedom Flotilla Reaches Thursday Island, as Global Support Grows

Activists on the Freedom Flotilla, set for an unauthorised landfall on the Indonesian territory of West Papua, arrived at Thursday Island in the Torres Strait on Tuesday. As they plan the last leg of their protest journey, organisers said, international support for the movement for West Papua self-determination was growing.

Australia: Women Paid Less, Must Work 64 Extra Days to Equal Men

Australia’s Workplace Gender Equality Agency (WGEA) found a $266 a week overall difference between what men and women in full-time work earn. Calculations show that takes 64 extra days of work for the average woman to equal what a man earns in a year. In its latest workplace survey figures, WGEA shows that, the gap between what men and women earn is widening in the country, increasing from 15% in 2004 to 17.5% over the last year.

Japan Shaken By 6.9 Magnitude Quake

Crisis-stricken Japan, which has yet to gain a definite hold on how to arrest the radiation problems of a nuclear plant downed by an earthquake two years ago, has again been shaken by a strong 6.9 magnitude quake on Wednesday.

Australia’s Defence Spending: Labor & Liberal National May Follow Same Course

In news that would come as a major relief for Lockheed Martin Corp., the U.S. based manufacturer of fighter aircrafts, Australia’s opposition coalition seems inclined toward the government’s defence procurement plan to buy dozens of new F-35 Joint Strike Fighter jets. However, another report says, that the Opposition’s commitment is not absolute.

Australian Dollar Outlook - 04 September 2013

Bell FX Currency Outlook: The Australian Dollar rose to a two-week high after the Reserve Bank of Australia kept the cash rate unchanged and issued a neutral statement on the chance of further cuts.

Canada's Vancouver Island Struck by Magnitude 6.0 Quake, No Tsunami Warning Issued

At least three earthquakes struck Canada's Vancouver Island on Tuesday, with the largest measured at magnitude 6 on the Richter scale, the U.S. Geological Survey said. The other two aftershocks which came within 20 minutes of each other measured 4.5 and 4.9, according to Natural Resources Canada. No tsunami warnings were issued following the three shakers.

“PNG Solution” Broke Back of People-Smuggling Trade, Says Australian Immigration Minister Tony Burke on Asylum Seekers; But Agents Adopt Wait-n-Watch

With elections around the corner, Australian Immigration Minister Tony Burke claimed a major policy success in bringing down, for the first time, the number of asylum seekers. Burke claimed that, after the implementation of the “PNG solution,” there was a visible decline in the number of asylum seekers arriving on Christmas Island within a month.

Beijing Lays Down Schemes to Meet Pollution Reduction Targets

Beijing on Monday has laid down a new set of schemes meant to reduce its pollution emissions, as the China Meteorological Administration (CMA) commence issuing forecasts for air pollution conditions around the country.

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