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China’s ICBC Opens Melbourne Branch

The Industrial and Commercial Bank of China (ICBC), the world's largest bank in terms of profitability, market capitalisation and customer deposits, has recently opened its first Melbourne branch.

Australia FTA With Korea Could Make or Break Beef Exporting Industry

Extreme urgency has been stamped on Australia to iron out a Free Trade Agreement (FTA) with Korea before the years ends as the country's beef industry could stand to lose some $13 million in 2013 as the tariff disparity with competing US beef widens in international markets.

Australian Dollar Outlook - 13 November 2012

Bell FX Currency Outlook: Aussie opens marginally higher in a quiet overnight session. In Australia, a lack of domestic data and the US Veterans Day holiday saw minor moves across markets overnight.

Tony Abbott’s Performance Dissatisfies 63% of Voters

The silver bullet that could probably end Coalition leader Tony Abbott's ambition to be Australian's next prime minister was likely fired several weeks ago when different powerful females accused him of misogyny. The impact of that silver bullet is now being felt as the latest Newspoll result said that Mr Abbott's voter support has plummeted at its lowest level in three years. The survey said 63 per cent of respondents are not satisfied with Mr Abbott's performance while only 27 per ...

Global Markets Overview - 13 November 2012

Stocks drifted higher in light trading volume on a bond-trading holiday. The Dow Jones Industrial Average gained 28 points, or 0.2%, to 12844 in afternoon trading. Its rise of 61 points from the session's low of 12783 follows the worst weekly performance for the blue-chip benchmark in more than five months, and the Dow's third-straight weekly decline.

Australia to Participate in Philippine Military Exercises

Australian military troops are eyeing to participate in the Philippines' annual "Balikatan" or "shoulder-to-shoulder" training exercises with the US forces, the former's Department of National Defense (DND) announced over the weekend.

Zombies Win, Again

As you know, what this country needs is real stimulus...not phoney stimulus. It needs to put more resources in the hands of the productive sector of the economy...not more money in the hands of the zombies.

Solar Eclipse in Australia Attracts Travelers

People who wish to see the amazing two-minute solar eclipse have started gathering on the far north of Queensland. On November 14, shortly after dawn at 6:30am, the Australian sky will grow darker as the moon passes in front of the sun. Without any weather disturbance, the sky-gazers will witness a black disk in the sky with the sun’s shining halo surrounding it.

Coalition Prohibits Acquiring Nuclear Submarines for Australian Navy

The Coalition’s defense spokesman dismissed the suggestions of his colleagues that Australia should think about acquiring nuclear submarines in replacement of the Collins-class subs. Senator David Johnston responded to reports about the senior coalition MPs claim that buying or leasing Virginia-class attack submarines, armed with conventional weapons including cruise missiles, would be backed-up by the Obama administration.

Australia Solar Eclipse Nov. 13 (11:30 AM AEST), Watch it Online Here

Are you a solar eclipse watcher fanatic who wants to see this year's celestial phenomenon in Australia but unfortunately can't fly to Down Under because of varied seasons? There's still good news for you because Slooh Space Camera will broadcast a free, real-time feed of the stunning total solar eclipse live from Cairns, Australia.

Australian Dollar Outlook - 12 November 2012

Bell FX Currency Outlook: The Australian Dollar is trading close to the 1.0400 level after a fairly tight trading range on Friday night as markets evaluate the likelihood there will be some agreement before the "fiscal cliff" in the US is reached in January 2013.

Global Markets Overview - 12 November 2012

Blue-chip stocks ended flat after a seesaw trading day Friday but were lower for the week, as investors hit the brakes on the selloff that followed the presidential election and turned their attention to the outlook for fiscal negotiations. The Dow Jones Industrial Average closed 4.07 points higher, less than 0.1%, to 12815.39, but posted its biggest weekly loss since the week ended Oct. 12.

Australia Ready to Sign Second Kyoto Protocol

Climate Change Minister Greg Combet declared that Australia’s pledge to the second period of the Kyoto Protocol is not a blank check. Australia is set to sign on the second Kyoto Protocol commitment period with the order that developed and still developing countries exert effort towards a new global climate change agreement by 2015.

Australian Dollar Outlook - 09 November 2012

Bell FX Currency Outlook: The Australian Dollar has languished just over the 1.0400 level as Australia's employment data was slightly better than expected yesterday but financial markets continue to be more concerned about the "fiscal cliff" issue in the US.

Uranium Miner Issues Advisory of Potential Traffic to NT Travellers

Australians going to NT this weekend ought to brace for potential gridlocks as well as changes to their time travel itineraries as uranium miner Energy Resources Australia (ERA) prepares to transfer heavy equipment for three Saturdays starting this coming weekend from Darwin to Jabiru, at speeds of only 30kmph.

Lynas Malaysian Plant Cleared, Wins High Court Approval

Australian miner Lynas Corp. can finally proceed in finishing the construction of its rare earths processing plant facility in Malaysia after a High Court ruled out the complaint filed by Malaysian activists against the plant.

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