Reserve Bank of Australia (RBA) governor Glenn Stevens remains in the good grace of key Labor and Coalition figures despite swirling allegations that he was a direct party in the attempted cover-up of reported corruption that plagued the central bank subsidiaries in 2009.
Bell FX Currency Outlook: The Australian Dollar has weakened overnight as the rally in equity and commodity markets associated with the US Fed's third round of quantitative easing last Thursday night lost strength.
The Muthoot group, India's 125-year-old non-banking financial giant, has launched a 'Muthoot Group Apps' for Apple and Andriod phones and tablets users that enables the consumers to purchase gold and silver coins.
Australia's mounting mining sector crisis escalates as another mining firm on Monday slashed jobs and suspended exploration plans in the face of the dropping prices of iron ore in the world market.
U.S. Defence Secretary Leon Panetta called on China and Japan to exercise “calm and restraint,” in resolving their ongoing dispute over a group of islets in the East China Sea.
A surge in import prices has forced South Korea to import less of the precious rare earths from China in August.
Barely a week after an Australian resources fund received a buy out offer from a Singapore-based firm, Australia's NuCoal Resources Ltd has received a funding assistance from Mitsui Matsushima Co Ltd from Japan that will help develop the Doyles Creek coking coal project in New South Wales.
The Australian Fisheries Management Authority (AFMA) hit the Ombudsman over the findings that the agency broke the law by failing to exclude a controversial super trawler operator from an advisers'meeting that made fish quota decision which benefitted the trawler.
Even the primary driver of the Australian resources sector, China, is wary and dubious of the former's slowing mining activity.
Latest polls have suggested that the Coalition will likely win come the federal election on 2013 but the contest will not be as easy as it was a few months back, with Prime Minister Julia Gillard and Labor mustering considerable surges since May this year.
Energy and materials shares led U.S. stocks higher Friday, as the Federal Reserve's bond-buying plan continued to bring out buyers, overshadowing muted retail sales and industrial production data. The Dow Jones Industrial Average rose 53.51 points, or 0.4%, to 13593.37, its fourth-straight daily gain.
Bell FX Currency Outlook: The Australian Dollar continued its firm tone over the weekend as the recent announcement of QE3 by the US Federal Reserve continues to push equity markets higher and the USD continues its downward path.
A new state-of-the-art $6 million IT laboratory has been launched in Hawthorn East in Victoria, Australia which science experts expect will aid the advancement of the country's IT industry.
Treasurer Wayne Swan gave Australia a glimpse of the upcoming white paper on the Asian Century at an address he made at China's Century Conference on Friday. He said the white paper will focus on improving Australia's productivity and resilience through five policy pillars.
China’s Huawei Technologies and ZTE Corp, currently two of the leading global telecommunication firms, have informed the U.S. Congress on Thursday that they were not willing tools at the disposal of Beijing to spy on other nations.
So long as China keeps getting urbanised and demands steel and iron ore to fuel that very purpose, Australia's economy will remain OK.
Tasmania currently holds the unwanted distinction as the cigarette epicentre of Australia and if state authorities would have their way, they would want not only to erase that image but also to create a generation of non-smoking Tasmanians.
Australia, currently third-largest exporter of liquefied natural gas (LNG) in the Asia Pacific region and the fourth largest in the world, has awarded seven new offshore petroleum exploration permits in the gas-rich areas offshore the Northern Territory and Western Australia, Minister for Resources and Energy Martin Ferguson announced Thursday.
Blue chips surged more than 200 points after the Federal Reserve announced a much-anticipated plan to aid the U.S. economy. The news sparked a similar rally in gold while rattling currency and fixed-income markets. The Dow Jones Industrial Average gained 206.51 points, or 1.55%, to 13539.86.
Bell FX Currency Outlook: The US Federal Reserve pulls
the trigger on fresh stimulus measures, boosting risk
assets.
Tasmania's forest peace talks are at the risk of collapsing after the Thursday walkout of a second forestry group, the Australian Forest Products Association (AFPA).
A second former student at Sydney University confirmed on Friday the infamous campus bullying by then losing candidate Tony Abbott on election winner Barbara Ramjan.
Supposed better days ahead for iron ore miners may have to take a longer backseat as prices of the key steelmaking ingredient once again plummeted to below $100 per tonne.
Jitters of a looming recession and escalating slowdown in mining could all the more be fueled as available jobs in Australia's mining industry has fallen, a first in three years.
He was a bully, he was a misogynist and he kept the company of a ‘goon squad’ that was ready to pick a fight for the then university politician and now Opposition Leader Tony Abbott.
Australia's largest department store chain, Myer Holdings Ltd, reported that its full year net profit sank 12.7 per cent to $139.365 million compared from a year ago as it continues to sail through tough conditions in the retailing environment.
Key independent MP Tony Windsor dashed hopes of rushing the super trawler bill in Parliament. If pushed into voting for the measure introduced just this week, Mr Windsor told ABC on Thursday that he would vote against the bill.
Australia lost a good friend when U.S. Ambassador to Libya Christopher Stevens was killed Tuesday during what appeared as spontaneous ‘mob attack’, Foreign Minister Bob Carr said on Thursday.
U.S. stocks inched up to a new high on Wednesday as investors got their first look at the new Apple iPhone and turned their attention to Thursday's Federal Reserve policy statement.
Former university mates of Opposition leader Tony Abbott are not surprised of his aggressive behaviour in Parliament today, particularly against women and gays. A fellow female student at Sydney University, who won over Mr Abbott as president of the Students Representative Council, was quoted in a political essay of her unpleasant experience then with the losing candidate.
