Companies engaged in producing raw commodities, particularly coal, iron ore and copper, may look to sunnier skies as China jumps to apply solutions to control its slowing economy. Specifically, the country is looking to the infrastructure sector to lead this economic rally, state-backed newspaper China Securities Journal reported on Tuesday.
Maverick Senator Nick Xenophon wants the federal government to follow the way of New South Wales, Queensland and West Australia and establish a body similar to that of the Independent Commission Against Corruption (ICAC).
The Coalition has downplayed reports that its likely win in next year's general elections would lead to a federal government that is not tax-friendly with tech titans maintaining local operations in Australia.
Amid the hype brought by China's suspension of coal and iron ore cargo shipments and its apparent controlled economic slowdown, the copper unit of Xstrata, the world's fourth-largest copper miner, remained confident the world's second-largest economy will continue to import its main product nonetheless.
As expected, opponents have come out to challenge what could be Australia's first ever uranium mine project.The Conservation Council of Western Australia (CCWA) said it is opposed to the construction of the uranium mine project in Wiluna town in the northern Goldfields on the basis that Toro Energy has yet to provide a safe and reliable track record in uranium mine construction, development and maintenance.
The Australian share market started the week stronger and has also gained in morning trade today, Yesterday the All Ordinaries Index (XAO) closed 26 points higher at 4,124 points. Helping to wipe away some of the pain from the 5.6% loss last week.
An official of a sex industry consulting firm dashed hopes of embattled MP Craig Thomson for video footage of people who enter and leave brothels in New South Wales the past six years.
Bell FX Currency Outlook: The Australian Dollar is just north of USD 0.9900 after sentiment was boosted slightly due to supportive comments from policymakers.
Saudi Arabia has eclipsed Russia as the world's biggest oil producer first time in six years after the country in the Middle East jacked up its crude output to a 31-year high in March.
In what could be a firm testament of its cooling economic activity, a number of China's raw commodity trading houses have suspended their cargo shipments of coal and iron ore amid the continued drop of the prices of the two commodities in the world market.
The bulk of Australian troops will be out of Afghanistan by 2014 as scheduled but Prime Minister Julia Gillard has assured the Asian nation that her commitment will be sustained further in the form of development aids.
Beleaguered MP Craig Thomson has spoken and was mostly successful in buying more time for his stay in the Parliament, which was threatened by ongoing efforts from the Coalition to move him out of the way.
Osaka-based Kansai Electric has received its 70,000 metric tonne liquefied natural gas (LNG) cargo shipment order from the Pluto LNG project of Australia.
The name South Australia was not attractive enough and a business group is firmly convinced state authorities should consider a complete rebrand to lure more investments and possibly more tourists.
The Nasdaq Composite index rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock
The shoe is now on the other foot in Australian politics as Opposition leader Tony Abbott is under pressure to remove a Liberal backbencher under investigation for alleged assault.
The Australian sharemarket managed to improve for the first time in five sessions today, with the All Ordinaries Index (XAO) gaining by 0.6 pct or 25.6 pts to 4124.4. Shares were up by as much as 1 pct in early trade, fell by 0.12 pct at around lunch however managed to recover in the last few hours of trade.
Friday our market had what many would call a "shocker" we had widespread selling as losses continued throughout the day by the close the All Ordinaries Index (XAO) has slumped by 110 points to 4,098 points. By the close the ASX had wiped out all of its 2012 gains, listing the worst weekly performance (down 5.6% this week) since September 2011.
The annular solar eclipse has been observed in Asia, and is now on its way to completion in the U.S. In Tokyo, school children went out wearing solar viewers to watch the moon's approach as it covers the center part of the sun from Earth's view.
A 6.0 magnitude earthquake recently hit the north-central part of Italy which caused the death of at least 6 people and injured at least 50 individuals. The earthquake also caused the collapse of numerous historical architecture sites like castles, clock towers, and churches.
Facebook co-founder and CEO Mark Zuckerberg has wed long-time girlfriend Priscilla Chan, announcing the nuptials through a status update on the social networking site.
The country's budget plan for the financial year 2012-2013 was not only configured to deliver a surplus but also to prepare the Australian economy for a likely disturbance of global fiscal settings this year.
Western Australia is poised to have its first uranium mine project, to be operated by Toro Energy.
For the first time ever after more than a century, Iran discovered oil in the waters of the Caspian Sea, state-run FARS news agency reported.
Bell FX Currency Outlook: The Australian Dollar
continues in languish in the 0.9800's after the G8
meeting held on the weekend produced no "revelations"
of how to deal with the economic woes of Europe.
Independent Senator Nick Xenophon said on Monday that he would not stand in the way of a repeal of the carbon tax if Opposition leader Tony Abbott becomes the next prime minister of Australia.
Blue chips extended a streak of declines the likes of which haven't been seen in almost 40 years, amid continued euro-zone concerns and Facebook's lackluster debut. The Dow Jones Industrial Average suffered its 12th loss in 13 sessions, the worst 13-session performance since October 1974. The average lost 73.11 points, or 0.6%, to 12369.38.
Today certainly was not an enjoyable day for those involved in markets. The All Ordinaries Index (XAO) slumped by 2.6 pct or 109.7 pts to 4098.8. Almost all sectors ended in the red today, with the mining and financial sectors the worst performers. Today was the biggest daily pullback for the ASX in 2012 and the worst weekly performance (down 5.6 pct this week) since September 2011. Australian shares wiped out all of the market's gains for the year in a matter of days.
Embattled independent MP Craig Thomson is expected to blame in Australia's Parliament on Monday a Health Services Union (HSU) official for allegedly destroying documents that would clear him of charges.
Canadian miner Corvus Gold obtained the $5.5 million needed to fund and push through with the planned works at its North Bullfrog project in Nevada.