Gina Rinehart drew much flak after publishing an advice of some sort to Aussies getting minimum wage, saying those who are "jealous of those with more money" should "spend less time drinking, or smoking and socializing and more time working." See some of the "Scumbag Gina Rinehart" memes circulating on the Web.
A funding dispute over a proposed 2.6 billion euro ($3.3 billion) liquefied natural gas (LNG) plant between Iran and a Chinese consortium has been postponed.
At least 18 iron ore mines have been granted permission by the High Court of India on Monday to resume mining activities in Karnataka after a more than a year of suspension on environment concerns, pointing to what could mean 5 million tonnes a year of renewed production.
George Bush and Tony Blair, two of the most recognizable world leaders in the past decade, need to face up with the consequences of their previous actions over Iraq, according to South Africa’s Desmond Tutu.
Australia's retail sector showed unexpected poor sales in July and broadly trickling down to the fragile profits of businesses still gaping for low demand for exports in Europe.
Philippine gold and copper miner Philex Mining Corp. may be forced to indefinitely suspend operations at its Padcal mine in Benguet province as the mining firm mulls to replace the facility following a second wave of leak spill last week.
Will Australia benefit from a greying workforce? The Federal Age Discrimination Commission thinks so, stressing that allowing workers aged 55 and up to continue working could prove as “the secret to our future prosperity.”
The ongoing hunt for the rogue Afghan soldier tagged as the ‘insider’ gunman who killed three Aussie Diggers last week yielded arrests of suspects and the deaths of two suspected insurgents.
The Australian share market opened weaker this morning even with the strong run on off shore market and commodities on Friday night. The US markets closed higher on Friday after Federal Reserve, Chairman Ben Bernanke, said that he hasn't ruled out further action to boost the US economy.
Sparks are a-flying in a heated debate after Australia approved over the weekend the sale of giant cotton farm Cubbie Station to a Chinese consortium.
Bell FX Currency Outlook: The Australian Dollar is changed following the Jackson Hole symposium with US Fed Chairman Bernanke announcing few surprises.
Another load off the shoulder of Internet giant Yahoo as China finally freed a dissident partly jailed when the company gave out information that led Chinese police officials to Wang Xiaoning.
Largely affected by the continued slide in the prices of iron ore in the world market, the Australian dollar, for the first time in five weeks, has dropped below the $US1.0300 mark.
Thai-owned PTTEP Australasia has accepted full responsibility for the August 2009 oil spill that led to thousands of barrels of oil gushing for weeks on territorial seas between Western Australia and Indonesia.
Toronto-listed rare earths miner Great Western Minerals Group (GWMG) said it is ready to offer to consumers the precious elements by mid-2013 as it had started the refurbishment of its previously producing rare-earths mine Steenkampskraal in South Africa's Northern Cape province.
The two Australian soldiers who were killed in a helicopter crash in Afghanistan this week have been named. One of them was engaged to get married.
After losing two major mining investments due to project cancellations, South Australia remained confident it would continue to remain a favored mining destination of global miners.
Even Australian miners know how costly it is to build projects in the native land. So rather than risk it in Australia at this time of dropping commodity prices, might as well build a project portfolio elsewhere in the world where administrative and construction costs are low to ensure higher profit return. And Africa could just be the answer to that.
Gay marriage could soon gain the protection of New Zealand laws as the country’s Parliament voted this week in favour of the same-sex union bill authored by opposition Labor MP Louisa Wall.
Heartbreaking losses in the past two days will not break the resolve of Australia to complete its Afghan Mission, Prime Minister Julia Gillard said on Thursday following the deaths of five diggers on Wednesday, three of them killed by ‘green-on-blue’ assault.
The Dow industrials fell to a four-week low after remarks by European leaders escalated investors' fears about the euro zone, while a measure of economic sentiment in the region slid to a level not seen in more than two years. The Dow Jones Industrial Average dropped 106.77 points, or 0.8%, to 13000.71, the lowest level since Aug. 2.
Bell FX Currency Outlook: European jitters have once again crept back into the market as risk sentiment weakened overnight.
Former Prime Minister Kevin Rudd said on Thursday that despite the strong fundamentals of the Australian economy, the country must diversify beyond the resource sector even if commodity prices are expected to improve in the future.
Opponents to the rare earths processing plant of Lynas Corp. in Malaysia scored a win after a Malaysian High Court this week approved to hear the application for two judicial reviews lodged against the plant's temporary operating license (TOL).
Darker days loom ahead for the world's miners especially of the key steel-making ingredient iron ore as an oversupply of the key commodity could dampen the positive forecast of renewed appetite made at the beginning of the first half of 2012.
With a mining boom about to fizzle, Australia may well rely on its grain sector to anchor the country's economic growth in the next few years.And as with its mining sector, the Australia's grain sector may well enjoy a growth spurt still from its largest and strongest trading partner, China.
Australia's much touted liquefied natural gas (LNG) boom may boomerang as not so much as a boom what with the flurry of natural gas discoveries being made in Africa right now. Moreover, the growing building costs in the country spurred by labour and material shortages further pose a threat to the situation.
Two days after the federal government announced plans to scrap the floor price on the carbon tax and link its carbon trading to the European Union trading system in 2015, large Australian polluters said they prefer to be connected instead to the carbon trading systems of the U.S. and China.
Three Australian soldiers were reportedly killed Wednesday by a rogue member of the Afghan army though details of the incident were still sketchy and remain under investigation, NATO said in a statement.
Ecuador is working on a deal with Britain that would allow the latter to send WikiLeaks founder Julia Assange to Sweden without fears of being extradited to the United States, reports said.
