U.S. STOCKSJ.P. Morgan Chase dragged the Dow Jones Industrial Average into negative territory, marking the ninth-consecutive Monday the blue chips have closed lower.
Gay marriage proponents gained further ground as conservative New Zealand Prime Minister John Key said on Monday that, using conscience vote, he would likely support a Labor-sponsored bill on same-sex union.
Approvals for building new home constructions dropped by 2.5 per cent in June, latest data released by the Australian Bureau of Statistics (ABS) showed, but was actually less than what industry experts had expected.
Grain growers in Western Australia are unsure they can replicate 2011's favourable production what with a persistent dry weather coupled with frost that could possibly affect overall grain yield for 2012- 2013.
Thanks to Queensland's public service cuts, finding a parking space in Brisbane's central business district is no longer a problem. Besides the lesser number of public servants reporting for work, fewer Queensland residents go to Brisbane for business.
Federal Treasurer Wayne Swan was not convinced that former Labor leader and now Australia’s ambassador to the United States Kim Beazley would speak ill about his own party.
Using the half glass point of view, Opposition leader Tony Abbott insisted on Monday that despite recent survey results showing more acceptance of the carbon tax, many Aussies still dislike the $23 per tonne carbon price.
Bell FX Currency Outlook: The Australian Dollar edged even higher overnight posting a fresh high above 1.0500 against the US Dollar.
Rio Tinto-controlled mining company Ivanhoe Australia on Monday announced it would reduce its budget for exploration spending by $15 million annually.
Westfield, Australia's shopping centre giant, despite the dropping economic winds in Europe, has announced it will embark on a $4.51bn (3.0 billion pounds) expansion thrust in Britain.
Mining companies should stall new investment projects in the face of the continued softening of global commodity prices rather than risk stability and profitability, an executive from the Australian Foundation Investment Co. (AFIC) said.
A report in the Weekend Australian newspaper suggests the world's biggest mining company may pull back on its planned A$30bn mining project in South Australia.
Prime Minister Julia Gillard and Labor got a slight bump in the weekend polls as Nielsen showed the government’s primary votes gained traction by attracting anew 30 per cent of the 1400 participants queried by pollsters.
The Dow average powered past the 13000 mark as investors celebrated signs Europe's leaders are taking action to address the region's debt troubles. The Dow Jones Industrial Average gained 187.73 points, or 1.5%, to 13075.66, closing above 13000 for the first time since May 7.
Former Howard Minister Mal Brough secured over the weekend the Liberal National Party’s pre-selection process in Fisher, positioning a close-ally of Opposition Leader Tony Abbott for a likely comeback to federal politics following half-a-decade of absence.
Residents of South Canberra are opposing the moves of the National Capital Authority (NCA) to create an embassy row at a parkland in the suburb of Yarralumla. The NCA is eyeing the land on Stirling Park near the Old Canberra Brickworks, which residents said should be preserved.
Bell FX Currency Outlook: The risk rally continued on Friday as both Germany and France reiterated their intentions to also do "whatever it takes" to support the EUR after ECB President Draghi's remarks on Thursday.
Eurogroup President Jean-Claude Juncker said the eurozone and the European Central Bank agreed to work together to save the bloc's single currency. The eurogroup is composed of finance ministers of the eurozone.
A second survey in less than one week and barely a month since the Gillard government started to collect the controversial carbon price of $23 per tonne would put a smile on Prime Minister Julia Gillard's face and a frown on Opposition leader Tony Abbott's. The report by Nielsen, released Monday and two days short of the one-month mark of the levy, said opposition to the carbon tax has been easing. Similar findings were reported by the Climate Institute last week.
The Australian government’s indiscriminate policies against human smuggling led to the unlawful incarceration of minor asylum seekers over the past four years, according to a new report issued on Friday by the Australian Human Rights Commission.
Uranium miner Energy Resources of Australia (ERA), which posted net losses by more than 50 per cent in the first half to $59.86 million, remained confident consumer interest in uranium will be renewed, what with Japan already starting to re-embrace it and demand from China continues to grow.
Yes, the world prices of commodities may have already peaked, but this does not correlate to a corresponding mining boom deceleration for Australia.
Four witnesses from two neighboring northeastern Texas counties have reported seeing UFOs within 48 hours. Three of the witnesses described the perceived aircraft to be triangular in shape. The four reports are seen at the Mutual UFO Network (MUFON) reporting database.
Queensland Premier Campbell Newman insisted on Friday that he was not blocking funds intended for the National Disability Insurance Scheme (NDIS) but instead pushing for federal funding closely moulded after the Medicare system.
Australian regulator Foreign Investment Review Board (FIRB) has given its full nod to the $5.9 billion takeover bid of Glencore International plc over dual-listed grain handler Viterra Inc.
The Australian Tax Office (ATO) has specifically identified IT managers, plumbers and defence force non-commissioned officers as the occupation groups that it will closely watch for further tax scrutiny.
Troubled Australian surfwear retailer Billabong International, unexcited over the second takeover bid by U.S.-based private equity firm TPG Inc. of $695 million, has nevertheless decided to still open its books to the latter.
Investors celebrated greater resolve from Europe's central bankers to shore up the euro zone, driving stocks and the euro sharply higher and Treasurys prices lower. The Dow Jones Industrial Average ran up 211.88 points, or 1.67%, its biggest gain in nearly a month, to end at 12887.93
Less than a month since its implementation, the number of complaints over the carbon tax has been declining to 45 from 63 per day, the Australian Competition and Consumer Commission (ACCC) disclosed on Friday.
Bell FX Currency Outlook: ECB comments spur markets along as President AMario Draghi announces the ECB is ready to do whatever it takes to preserve the Euro.
