POLITICS & POLICY

Queensland Gov't Mulls Lifting Uranium Ban – Report

Following Australian PM Julia Gillard's recent visit to India, which focused on cooperation on civil nuclear energy, the country's state government of Queensland is now mulling to lift its self-imposed uranium ban in anticipation of a potential mining boom of the resource commodity.

Global Markets Overview - 22/10/2012

Third-quarter earnings season continues this week with a bevy of tech companies, as well as airlines, industrials and others. Also, housing and gross domestic product data are expected, along with three initial public offerings. Stocks closed the week with their biggest single-day decline in four months Friday, after a slew of weak corporate earnings reports.

Australian Dollar Outlook -22/10/2012

Bell FX Currency Outlook: The Australian Dollar has opened slightly weaker this morning and is poised to test further upside over the next few weeks should global economic data continue to show signs of improvement.
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UN Awards Fresh 2-Year Security Council Term to Australia

Australia got what it came for in New York – the coveted UN Security Council seat--the country secured through intense diplomatic campaigns and a whopping price tag of $24 million, not to mention the billions spent and issued as aids to specific nations in order to win their support.

Global Markets Overview - 19/10/2012

Stocks traded lower, threatening to snap a four-day streak of gains for the Dow Industrials, as a measure of U.S. layoffs rose more than expected and a surprise earnings report from Google weighed on the technology sector. The Dow Jones Industrial Average fell 22 points, or 0.2%, to 135536 in late-afternoon trading Thursday

Australian Dollar Outlook - 19/10/2012

Bell FX Currency Outlook: The Australian Dollar was on a rollercoaster ride last night and enjoyed quite significant swings including a break through USD 1.0400 before settling to yesterday's levels.

Rudd: Removal as PM Was Traumatic Experience

After more two years since the change in Australia's political leadership, former Prime Minister Kevin Rudd broke his silence on Thursday and admitted his removal as prime minister was a traumatic experience.

Australia Wins UN Security Council Seat

Australia won on Friday a United Nations Security Council seat in New York with 140 votes. The victory is the result of a four-year campaign initiated by former Prime Minister Kevin Rudd in 2008.

Halloween Family Cosplay Suggestions on 9GAG Memes

Trick or Treat? Many users of the meme website 9GAG.com have uploaded cosplay images in honour of their favorite pop icons and characters. Here is a small compilation of cosplay photos that you and your family can use as a reference for your upcoming "Trick or Treat."

Prices of Wheat Continue to Soar

The unusual dry weather prevailing in top wheat exporting nations led by the United States and Australia had prompted prices of the basic commodity to dramatically shoot up.

Xstrata’s Philippine Gold-Copper Mine Delayed As Country Reforms Mining Laws

Plans of global mining firm Xstrata Plc to create a $5.9 billion copper-gold project in the Philippines' southern region has been relegated to the sidelines as the country's chief executive ordered the execution and implementation of a mining reform bill, effectively halting further new projects of other mining firms as well.

Global Markets Overview - 18/10/2012

U.S. stocks pushed higher for a third straight day this week, boosted by strong readings on the U.S. housing sector, though a sharp fall at International Business Machines weighed on blue chips.

MP Craig Thomson Threatens Lawsuit on Claims He Had Sex With Prostitutes

Following the start of court proceedings against MP Craig Thomson over charges filed by Fair Work Australia (FWA) that he misused Health Services Union (HSU) funds, including use of the HSU credit cards to pay for prostitutes' services, the now independent legislator is no longer content on denying the accusation.

Queensland Miner Ensham Cuts 400 Jobs

Central Queensland coal miner Ensham Resources will be cutting some 400 jobs from its coal mine operations near Emerald, west of Rockhampton to ensure business sustainability amid the continuing declining global market conditions.

Newmont 3Q Gold Output Down 6%, Faces $77M Charges

Global gold miner Newmont Mining Corporation on Wednesday reported its third quarter gold production had slumped by 6 per cent on lower mill availability and recoveries as well as lower ore tons and grades.

Another Shoe Trouble for Julia Gillard in India

Blame it on the shoe, yet again, as Prime Minister Julia Gillard was again haunted by shoe malfunction this time in India, in which Ms Gillard stumbled down face-first when her high-heel got stuck in grass grounds she was walking on.

The Harmful Effects of Taxing Cheap Wine

How stupid and intrusive can government possibly get? Pretty stupid and intrusive, it turns out. The latest outrage is a plan by Australia's health fascists to raise taxes on cheap wine so people will stop getting drunk on it.

Global Markets Overview - 17/10/2012

Stocks approached their biggest one-day gain since the Fed announced new stimulus measures last month, driven higher by better-than-forecast earnings from blue chips like Johnson & Johnson and an upbeat reading from the housing sector.

Australian Dollar Outlook - 17/10/2012

Bell FX Currency Outlook: The Australian Dollar has traded higher through USD 1.0300 in a fairly orderly fashion overnight with market sentiment buoyed by better than expected data in the US and Europe.

Global Nuclear Supply At Risk – Paladin

The world could be facing a supply shortage of the element uranium, the power source of nuclear reactors in most developed countries, as alternative non-nuclear materials remain elusive.

Rio Tinto Q3 Iron Ore Output Up, Maintains 2012 Guidance

Despite a volatile global market, Rio Tinto still managed to jack up its iron ore production by as much as five per cent in the September quarter to 62.9 million tonnes compared from 2011, beating analysts' and industry expectations.

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