POLITICS & POLICY

Australian Dollar Outlook - 08 April 2013

The Australian Dollar tumbled one US Cent on Friday night in an interesting end to the week as base metals prices fell lower, as markets became concerned about the pace of global growth.

Malaysia Creates Body to Monitor Lynas Rare Earths Facility

The Ministry of Science, Technology and Innovation of Malaysia has created a committee body to monitor the rare earths processing facility of Australian miner Lynas Corporation in line with the latter's compliance to the 31 recommendations with regards to its temporary operating license (TOL).
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Australian Dollar Outlook - 05 April 2013

Bell FX Currency Outlook: The Australian Dollar is weaker this morning as financial markets showed disappointment with overnight's ECB meeting and weaker than forecast data in Europe and the US.

China Pitches Sea Burial Option to Citizens

With a current population of 1.4 billion, and still actively growing, not to mention an also increasing elderly population, China is getting headaches where to place its dead. Faced with the reality and problem of scarce land, the world's second-largest economy has started to pitch the option of sea burial to its citizens.

Australian Dollar Outlook - 04 April 2013

Bell FX, IG Markets Currency Outlook: The Australian Dollar is trading near USD 1.0450 after a mixed session overnight. The AUDEUR will be closely watched today as local retail sales and building approvals, a good measure of returning consumer confidence, has been estimated to kick 0.3 per cent and 2.5 per cent higher, respectively and should provide more traction to the AUD.

China on High Alert as South Korea Vows Retaliation When Provoked by North

China has begun to mobilize its military in the perimeters of the Korean peninsula after North Korea has put an end to any form relationship with South Korea and instead, declared entering into a "state of war" on March 11, 2013. U.S. officials said that the Chinese People's Liberation Army has increased its presence on the border with North Korea.

China Eyes Australian Wineries

Hong Kong-listed China Foods Ltd, consumer food arm of Cofco, China's largest state-owned food conglomerate, is eyeing to purchase wineries located in Australia and the United States, in an acquisition that could be worth at least $20 million.

Australia, Canada Forces Seize 500kg Heroin

Combined naval forces from Australia and Canada have seized some 500kg of heroin valued at $100 million from a boat in what could be one of global maritime history's biggest multi-national naval operation. The bust operation happened somewhere in the Indian Ocean.

Earthlings Get Goofed about Alien Invasion aboard International Space Station on April Fool’s Day (PHOTOS)

What! The International Space Station has been invaded by an alien? People back on Earth got concerned for the team aboard the station, but eventually learned they were goofed because it was an invasion concocted no less than by renowned Chris Hadfield, Canadian astronaut and the commander of Expedition 35. Still all part of April Fool's day global phenomenon commemoration.

Australian Dollar Outlook - 2 April 2013

Bell FX, IG Markets Currency Outlook: The Australian Dollar has returned from the Easter break slightly better ahead of the Reserve Bank of Australia announcement later today.

North Korea Declares “State of War” with South Korea, Threatens to Dissolve U.S.

North Korea has declared “state of war” with South Korea, emphasising that the “long-standing situation of the Korean peninsula as finally over.” The declaration was made through Pyongyang’s Korea Central News Agency (KCNA). It also made some threats to dissolve the United States in a government statement read on Saturday, March 30.

Newcrest Slashes by 10% Production Guidance, Shares Down

Shares of Australia's largest gold producer, Newcrest Mining Ltd. (NCM), tumbled in Sydney on Friday to a four-year low after the mining firm slashed by 10 per cent its annual production guidance output.

Mongolia Eyes $300M Royalty from Oyu Tolgoi Mine

The standoff between the Mongolian government and Rio Tinto (ASX: RIO) is worth $303 million in a planned progressive royalty to be collected on the Oyu Tolgoi copper mine.

Australian Dollar Outlook - 28 March 2013

Bell FX, FXstreet, IG Markets Currency Outlook: The Australian Dollar remains firm and trading USD 1.0500 heading into the start of the local trading day, but some bearish movement is seen going towards the Easter holiday.

Funny Easter April Fool's Day Pranks: Laugh a Little, Share Some Funny Photos and Memes

Happy Easter! Oh, wait, it's April Fool's Day, too. Perhaps it's time for some funny tricks on your children's annual Easter Egg Hunt? Whatever you do, keep it light and keep your "targets" out of harm's way. If you're looking for some funny photos or memes to post to your social media page, start the slideshow and pick your favorite.

Raging Victorian Bushfires Claim Homes, Properties

A fast-moving bushfire west of Melbourne has claimed several buildings, with at least 40 more houses under threat. Three firefighters and one resident have been reportedly injured.

BRICS Development Bank: Issues on Funding, Location Hound Future

Issues on funding as well as where to house the future development bank to rival the World Bank and the International Monetary Fund have stalled the member nations of the BRICS group (Brazil, Russia, India, China and South Africa).

Australian Dollar Outlook - 27 March 2013

IG Markets, Bell FX Currency Outlook: The Australian Dollar has maintained its overnight gains trading within the range of USD1.0489 to 1.0500 USD at the start of the trading day.

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