POLITICS & POLICY

India to Control Gold Importation

As the price of the safe haven yellow metal gold continues to slump, India, the world's biggest buyer of the metal, wants to control gold importation after data showed it imported the metal by a whopping 150 per cent increase over the month of April.
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Australia Politics: Labor Is Up for an Electoral Wipeout

Recent polls about the upcoming elections reveal Coalition is leading the race. According to surveys, one out of two voters is in favor of the Coalition. The recent results also show the Coalition gaining as much as a 16-point lead.

Australian Dollar Outlook - 04 June 2013

Bell FX Currency Outlook: The Australian dollar has rallied strongly overnight, pushing up towards USD0.9800 on the back of weaker manufacturing numbers in the US.

Judge to Google: Hand over Customer Data to FBI

Google is obliged to hand over customer data to the FBI on the department’s demand and as ordered by the judge. The customer data will help shed light on a national security investigation, the federal judge said. Earlier in the year, the judge called the FBI’s request as unconstitutional.

Australian Dollar Outlook - 03 June 2013

Bell FX Currency Outlook: The Australian Dollar has opened this week slightly lower after significant falls on the US stock market on Friday night.

Queensland Power Rates to Increase By 22.6% Beginning July

Queensland households will experience a 22.6 percent increase in their electricity rates beginning July 1 as announced by the Queensland Competition Authority on May 31. The increase will see an average household power bill shoot up from $1184 to $1451.

Bill Gates Head to Head with Zambian Economist Dambisa Moyo

Microsoft co-founder Bill Gates attended an interview session at the University of New South Wales earlier this week. One of the audience members asked Gates about the possibility of negative consequences providing aid to Africa.

UN Says Killer Robots Must Be Stopped

Should unmanned aircrafts, drones or robots be allowed to kill people without supervision or control? It seems like a plot right out of a science fiction novel but the answer to this question remains under debate as UN officials examine reports of developing countries planning to build armed defense robots.

Australian Dollar Outlook - 31 May 2013

Bell FX Currency Outlook: The Australian Dollar remains steady above USD 0.9600 once again after a relatively quiet session overnight.

Australian Farmers Defend their Livelihood, Turns to Social Media for Help

Australian farmers are not happy with what’s happening and they are taking it out. More and more farmers are turning to social media to aid their cause. Just as corporations use social media for their promotions, Australian farmers are learning their value in terms of defending their livelihood and challenging their opponents.

Colorado Legalizes Marijuana, Signs First Pot Market for Adults

Colorado Gov. John Hickenlooper signed himself to history when he approved several measures legalizing marijuana. The governor took the first steps in implementing marijuana in the state making Colorado the first potential legal pot market for adults in the world. Colorado will become the first place to have legal, regulated and taxed marijuana.

Federal Coalition MPS Unhappy? Doubt over One Vote, One Dollar Deal

Labor says the deal made between major parties regarding electoral funding is not going as expected. Coalition backbenchers told ABC that some members of the party are not happy about the electoral deal – measures are not going smoothly.

Australian Dollar Outlook - 30 May 2013

Bell FX Currency Outlook: The Australian Dollar remains steady above USD 0.9600 this morning after a very volatile day yesterday and then an offshore session in which financial markets showed genuine skittishness as only they can at times.

Gillard Defends Funding for Defense following China Hack

Prime Minister Gillard came to the government’s defense following the discovery of funding records for Australia’s intelligence agencies. Four Corners previously reported that the cyber attack launched by Chinese hackers also targeted ASIO.

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