Prime Minister Julia Gillard said on Wednesday that Labor’s clear purpose for governance is “to offer the best of opportunities … and meet the needs of the Australian people.”
Bell FX Currency Outlook: The Australian Dollar remains below 1.0400 following a surge in Spain's borrowing costs and protests against the country's austerity measures.
Resources Minister Martin Ferguson warned Coalition leader Tony Abbott on Tuesday of the negative impact of constant Opposition anti-China messages on foreign investments.
Caterpillar Inc. (CAT) has been forced to slash its 2015 earnings forecast as commodity miners and producers equally reduced budget allocations for project developments as a result of the debilitating global fiscal crisis dragging commodity prices down.
Despite world prices of steel currently stable, the price of the basic commodity used to make it, iron ore, has again continued to drop.
If elected, a Coalition government will immediately work to increase Australia’s defence spending by three per cent of the GDP, Opposition Leader Tony Abbott said on Tuesday.
As the world gets more knowledgeable and conscientious of its contributions to carbon emissions, coal mining companies inevitably bear the brunt of the globe's waning interest in the fossil fuel.
Newmont Waihi Gold, a wholly owned subsidiary of global miner Newmont Mining Corp., on Tuesday announced of impending job cuts at its gold mine sites in New Zealand and Australia.
The New Zealand government has admitted on Tuesday that Megaupload founder Kim Dotcom was a subject of surveillance operations conducted by NZ’s domestic spy agency in 2011.
Stocks pulled back Monday as weak German economic data and discord over plans for a European banking union brought out sellers. The Dow Jones Industrial Average slipped 20.55 points, or 0.2%, to 13558.92.
Bell FX Currency Outlook: After a dip overnight to below 1.0400 the Australian Dollar has recovered to the low 1.0400's as the quiet trading of the last few days continued.
Officials of the Venezuelan Government and Chinese company China International Trust and Investment Corp (CITIC) signed an agreement to develop the Las Cristinas gold mine, touted as one of the world's great undeveloped gold deposits.
The verdict was out in China as another personality close to Bo Xilai, once touted as one of the country’s rising politician, was sentenced to prison terms for covering up the crime trail left behind by Gu Kailai, Mr Bo’s wife.
Energy Metals, one of only five companies allowed to export uranium oxide concentrates from Australia, has shipped its very first uranium concentrate to China.
The federal budget deficit reached $43.7 billion by the end of financial year 2011-12, Treasurer Wayne Swan said on Monday, slightly improving from the forecast that the Treasury had provided in May.
Apart from Australia's agriculture sector, where China has shifted its focus away from commodities iron ore and coal, the world's second-largest economy has decided it wants to have a piece of Australia's dairy sector as well.
More jobs are going down the drain.Resins and chemicals maker Nuplex Industries, after an eight-month review of its operations and markets, said it is forced to close down four factories in New Zealand and Australia over the next two years.
Australia’s sterling diplomatic track record speaks for itself, Prime Minister Julia Gillard said on Monday as she embarks on a spirited campaign for the country to secure a non-permanent seat at the United Nations Security Council.
U.S. stocks on Friday finished nearly unchanged, giving Wall Street its first weekly drop for September. The Dow Jones Industrial Average (DJI) fell 17.46 points, or 0.1%, to 13,579.47, leaving it down 0.1% from the week-ago close.
Bell FX Currency Outlook: The Australian Dollar has started the week's trading at similar levels to the end of last week's with no major announcements occurring over the weekend.
Like his federal counterpart, Opposition leader Tony Abbott, Victorian Premier Ted Baillieu said on Sunday that Liberal MPs in the state would not be allowed a conscience vote on a same-sex marriage bill introduced by Greens MP Sue Pennicuik in June.
Federal Treasurer Wayne Swan stood firm on his earlier pronouncement that ‘cranks and crazies’ within the U.S. Republican Party would likely threaten the global economy.
The proposed data retention scheme is mainly focus to provide police agencies of clear back picture of crimes committed, Attorney-General Nicola Roxon said in a letter forwarded this week to the joint parliamentary committee.
Disgraced Chinese politician Bo Xilai could soon face court trial following revelation of details this week that he knew of the murder committed by his wife, Gu Kailai, but elected not to do anything.
Australian Prime Minister Julia Gillard will address the United Nations General Assembly next week. She would deliver her address while attending the opening of the 67th session of the General Assembly. She will be in New York from Sept 23 to 27.
Amid falling prices of commodities in the world market and slowing exports, resource-rich nation Australia will continue to enjoy economic growth, the International Monetary Fund (IMF) said on Thursday.
Since first announcing in May that it will hold some $80 billion on supposed programmed projects, BHP Billiton Ltd. had been in a roll on supporting that claim as it declared cancellation after cancellation of high-ticket projects.
Chief opposition whip Warren Entsch would like to try out his proposed civil partnership bill, which he believes will extend legal recognition to all Australian unions, irrespective of the gender and sexual orientation.
U.S. oil and gas producer Chevron Corp announced its Australian subsidiary, Chevron Australia, has uncovered more natural gas in its Carnarvon Basin, in the greater Gorgon area, off the coast of Western Australia.
China vowed to investigate the incident involving Chinese protesters and the diplomatic car of U.S. Ambassador to China Gary Locke on Tuesday, with international media reports indicating that the vehicle was swarmed and harassed by street demonstrators.
