POLITICS & POLICY

Australian Dollar Outlook - 21 August 2013

Bell FX Currency Outlook: The Australian Dollar weakened yesterday to the low 0.9000's but has opened this morning slightly higher after a lackluster trading session offshore.

New Zealand's GCSB Bill Passes Into Law, PM John Key Ignores Journalist's Question and Walks Out [VIDEO]

New Zealand's GCSB Bill or the Government Communications Security Bureau and Related Legislation Amendment Bill will be passed into law despite the objections of the Opposition. A viral video of the prime minister in a post-cabinet press conference has triggered reactions in social media. Mr Key was poised to answer questions regarding the passage of the GCSB bill. One journalist practically interrogated the prime minister and specifically pointed out Mr Key's disagreement with expert de...
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Kevin Rudd Vs Tony Abbott: Fight Gets Uglier as Election Date Nears [VIDEOS]

As the election date nears, the fight between Prime Minister Kevin Rudd and Opposition Leader Tony Abbott gets uglier. Kevin Rudd has defended the Australian Labour Party’s new ad campaign that showed Tony Abbott and a message that said, “If he wins, you lose.”Meanwhile, Opposition Leader Tony Abbott called Labour's negative ads as "outlandish" and "low politics".

Investigate Australia for Drone Strikes, Rights Groups Demand

Human rights groups in Australia have demanded that the U.N. expand its investigation scope to include Australia’s role in the deadly U.S. drone strikes. At a time when the country is gearing up for elections, this news could come as a major embarrassment for the government and stir up discussion on Australia’s role in the killing innocent civilians.

In India, Anything about Narendra Modi Makes News

The Indian media seems to be gleefully lapping up every mention about controversial Gujarat Chief Minister Narendra Modi. This time a comment by former Australian High Commissioner to India John McCarthy has drawn all the attention.

Rimsha Masih Blasphemy Case: Pakistan Court Acquits Imam Chishti

Imam Hafiz Mohammed Khalid Chishti who was arrested for falsely implicating Rimsha Masih, a 14-year old mentally-challenged Christian girl of burning pages of the Quran in Aug 2012 has been acquitted by a trial court on Saturday for lack of evidence.

Egypt: Hosni Mubarak May be Freed This Week

If all goes well for him, ousted Egyptian autocrat, Hosni Mubarak could walk free from prison by the end of the week. This after an Egyptian court trying the former president cleared him of corruption charges on Monday.

Westland Milk Scare: New Zealand PM John Key Downplays Concerns on Nitrate Levels Discovered in China [VIDEOS]

New Zealand Prime Minister John Key downplayed growing concerns on the latest milk scare causing China to issue another import ban but this time on Westland Milk Products. The Prime Minister said the latest milk scare news has come to New Zealand at the worst possible moment with the government's inquiry on Fonterra, the country's dairy giant that caused an international uproar over botulism fears.

Australian Dollar Outlook - 20 August 2013

Bell FX Currency Outlook: The Australian Dollar fell back to the low .9100's after trading above 0.9200 yesterday as concerns about the timing of the US Federal Reserve's tapering program weighed on our local currency.

Another Jail-break in Indonesia, 30 Inmates Escape

About 30 inmates escaped from the riot-hit Labuhan Ruku prison in the Indonesian island of Sumatra on Sunday. The incident which occurred in Batubara, Northern Sumatra is the latest in the several cases of prison riots and jail breaks that have happened in the country.

Australian Dollar Outlook - 19 August 2013

Bell FX Currency Outlook: The Australian Dollar has opened stronger this week after a weak batch of US economic data has cast some doubt about the economic recovery in the US.

Canada Rail Disaster: Govt Reverses License Suspension, MM&A Rail Company Operations Extended Till Oct. 1

After filing for bankruptcy early in August, U.S.-based Montreal, Maine & Atlantic Railway Ltd. (MMA), the rail company implicated in the Lac-Megantic fuel train disaster, has been found capable to settle insurance responsibilities but only in the short term. Thus, the suspension of its license announced on Thursday has been reversed, but only good until Oct 1.

Floods Inundate Philippine Capital, Nearby Provinces (PHOTOS)

The Philippine government was forced to suspend offices and classes in 14 provinces, including in the capital Metro Manila, as tropical storm Maring (international name: Trami) maintained its strength and continued to enhance the southwest monsoon early Monday. The state forecasting weather agency has advised the 14 provinces to brace for severe flooding.

Latest News on Egypt: Canadian Embassy Barred Down, Muslim Brotherhood "Sleeper Cells" found in Australia

In recent reports related to news in Egypt, Canada's embassy in Egypt has shuttered down due to growing violence in the country. Crime in Egypt has killed more than 500 people in the wake of a protest over the ousting of Muslim Brotherhood leader Mohammed Morsi, He is also the first democratically elected president after the overthrow of Hosni Mubarack, an ally of former Egyptian leader Anwar Sadat.

China Epic Fraud: Zoo Dresses Up Dog to Look Like a Lion, Thought Nobody Would Notice

Instead of a magnificent roar akin to Lion King's Mufasa or Simba, tourists got the surprise of their lives when a lion in a zoo in eastern China gave off a bark. And in yet another China epic fraud, where phones, toys and car parts can be faked, people still could believe even zoo animals can be faked.

Fukushima Nuclear Cleanup: Will It Do More Good? Or More Bad?

Tepco (Tokyo Electric Power Co), operator of the ill-fated Fukushima nuclear plant that was destroyed in March 2011 by a tsunami that followed a magnitude 9 earthquake, has officially received a full-backing government plan on how to clean-up the crippled plant.

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