Still enmeshed in an international dispute lodged before the World Trade Organisation, Japan and China yet again face off in a race on who gets first dibs to explore and mine the precious rare earths elements off the Pacific Ocean.
As expected, opponents to the rare earths processing plant of Lynas Corp in Malaysia vowed to continue their fight against the presence of the facility until the Australian miner packs up and leaves shores.
Bell FX Currency Outlook: The Australian Dollar rallied after Europe's central bank unveiled an unlimited but conditional bond-buying program to help alleviate the euro zone's sovereign debt crisis.
Gina Rinehart has several titles only she could claim such as Australia's richest person and the world's wealthiest woman. However, her recent comments about Australian minimum wage earners and YouTube remarks on the country's global competitiveness earned her a new title - Queen of Mean.
She may not be a fan of gay marriage but she won’t be a party too on any forms of gay slur, Prime Minister Julia Gillard has indicated on Thursday, following her decision to withdraw from a speaking duty with the Australian Christian Lobby (ACL) set for October.
It's now all systems go for Australian rare earths miner Lynas Corp as it had finally received the highly controversial temporary operating licence (TOL) needed to jumpstart its long overdue $US800-million ($810 million) rare earths processing plant in Malaysia.
Julia Assange is just 24 hours away from facing charges in the United States should U.S. authorities finally decide to throw the book on him, the Spanish defender of the WikiLeaks founder said on Wednesday.
The Australian dollar jumped on Thursday after latest data from the Australian Bureau of Statistics showed the country's August unemployment rate fell to 5.1 per cent from 5.2 per cent in July.
Shares of Australian troubled surfwear retailer Billabong International jumped like crazy after the company announced it has attracted a second suitor from an unnamed party which gave a A$694 million ($707 million) offer, at par with rival bidder TPG Capital.
The ongoing re-vetting process of the Afghan security forces has so far led to the firing of hundreds of local soldiers, many of them detained, for alleged links with the Taliban insurgents, a top Afghan official said on Wednesday.
Australian politics is not as pleasing as it was to Malcolm Turnbull, decrying what he described as an arena that routinely ignores truthfulness but applauds behaviour that encourages dishonesty.
A day after he was accused by Treasurer Wayne Swan of being the loyal servant and paymaster of Australia's richest woman, Gina Rinehart, Coalition leader Tony Abbott kept his distance from the controversial wage ideas of the mining tycoon.
Two days after the Indian High Court allowed 18 iron ore mines to resume mining activities in Karnataka after a more than a year of suspension on environment concerns, the country is now thinking to reduce the export taxes on its iron ore shipments.
Two days after the Indian High Court allowed 18 iron ore mines to resume mining activities in Karnataka, India, the government now considers reducing export taxes on its iron ore shipments.
Australia's gold output in the first six months of 2012, the world's second-largest producer of the precious metal, fell 5 per cent from a year ago on declining ore grades, construction and commissioning delays and slower than expected ramp-ups of output at a number of properties, international metals consultancy GFMS, a unit of Thomson Reuters Corp., said on Wednesday.
Gina Rinehart railing against the policies of the government was not news item at all, Prime Minister Julia Gillard said on Wednesday.
Supposed recession-bound Australia continued to fight off for economic growth, advancing 0.6 per cent in the three months to the end of June, but admittedly was a slow roll for the resource-rich country.
The Australian federal government will no longer be pursuing a contract that seeks to pay out the country's dirtiest coal-fired power generators fter negotiations with their respective owners bogged down.
Tyranny is upon us. But tyranny isn't put in place by some all-powerful evil force that suddenly assaults our freedoms; it's ratcheted up one day at a time by the People themselves -- the government workers who are willing to do anything as long as they're told "it's the rules."
Ben Bernanke just said he was ready to do something if something needed doing. His position hasn't changed.
U.S. stocks closed mixed Tuesday after a key report showed the third straight monthly contraction in the manufacturing sector, a key engine behind the economy's still-sluggish recovery. The Dow Jones Industrial Average was down 54.90 points (0.42 percent), finishing at 13,035.94.
While the Reserve Bank of Australia (RBA) had retained on Tuesday the current 3.5 per cent overnight cash rate for the third consecutive month, the central bank at the same time signaled it is ready to cut rates in October.
Bell FX Currency Outlook: The Australian Dollar has fallen to fresh six week lows overnight as global uncertainty and concerns over weakness in the Chinese economy erased gains seen yesterday.
The government of Australian Prime Minister Julia Gillard, in a firm commitment to eradicate the deadly, toxic fibre asbestos from houses and all government and commercial buildings around the country by 2030, is set to establish a national asbestos agency where the beneficiaries of its first clean-up drive are schools.
Carbon tax’s floor price has been axed and educational reforms were on their way, courtesy of Prime Minister Julia Gillard, who on Tuesday saw her personal Newspoll numbers soaring to a high of 39 per cent.
“Keep calm and carry on,” is one of the most popular memes permeating social networks. Its varieties are typically witty if not notoriously hilarious. “Keep Calm” memes are so ubiquitous in social networks, that it is hard to imagine any situation that does not have a matching “keep calm” meme.
The Association of Mining and Exploration Companies (AMEC) has urged on Australian Prime Minister Julia Gillard and her government to grant more incentives specially to small to mid-tier miners to boost continued mining exploration activities in the resource-rich nation in the midst of falling commodity prices and slowing growth in China, its major trading partner.
The Reserve Bank of Australia (RBA) retained the current overnight cash rate of 3.5 per cent on Tuesday. The central bank's decision did not surprise the banking community which had anticipated the unchanged rate.
Australia’s crime fighting agencies would be greatly aided by the proposed data retention laws, Attorney-General Nicola Roxon said on Tuesday, adding that the government needs to be steps ahead of ordinary and tech-savvy criminals.
Prices of iron ore may have plummeted faster than a speeding bullet in the last couple of weeks, but industry experts and analysts project its recovery will surge also as fast by the fourth quarter of this year.
