The institution that breeds Australia's future military officers has been wracked by sexual misbehaviours and other abuses that date back from 50 years ago, according to the newly-published report of law firm DLA Piper.
Gold producer from Australia Integra Mining has undergone into a trading halt on Tuesday as it seeks to raise $25 million to pay down debt as well as finance a number of expansion projects.
U.S. authorities will have to wait until next year before they can get a hold on Megaupload owner Kim Dotcom following decision by a New Zealand court to postpone his extradition hearing for March next year.
At least eight major producers of rare earths based in China's Guangdong Province have formed an alliance, the Guangdong Rare Earth Industry Group, in compliance to the federal government's pronouncement to start building a rare earths reserves.
Shipments of the key steel-making ingredient iron ore from Australia's Port Hedland to China dropped in June by as much as 7.6 percent from a month ago, port authority data showed.
Nervousness about Europe's debt crisis, an economic slowdown in China and the onset of domestic earnings season pushed U.S. stocks lower for a third-straight day Monday. The Dow Jones Industrial Average shed 36.18 points, or 0.3%, to 12736.29. The Standard & Poor's 500-stock index gave up 2.22 points, or 0.2%, to 1352.46.
Bell FX Currency Outlook: The Australian Dollar continues to hover around the USD1.0200 level, despite weaker offshore equity markets and continued concerns about the European recovery.
It was a less than ideal start to the new trading week, with shares losing ground for the third consecutive session. The All Ordinaries Index (XAO) fell 0.9 pct or 39.2 pts to 4159.8. Today was also around 20 pct quieter than last Monday. It is important to note that last week was one of the quietest so far in 2012.
The Queensland government appears to be choosing its battles based on the whims of influential mining billionaire Clive Palmer, Federal Treasurer Wayne Swan has alleged.
Job advertisements placed in newspapers and on the Internet in Australia continued to drop for the third straight month in June, latest data released by the Australia & New Zealand Banking Group Ltd (ANZ) showed on Monday.
Friday night the overseas markets were hit by weak U.S. job numbers and concern over global growth. The all-important U.S. non-farm payroll numbers came in below market expectations as 80,000 new jobs created over the month of June was just not enough to settle markets. European and U.S. investors were also cautious ahead of the new global growth forecasts from the International Monetary Fund (IMF). The head of the IMF Christine Lagarde said in a speech on Friday, in Japan, that she will revise ...
Resource-rich Australia has committed to extend $250 million for four years from 2015/16 for war-stricken yet also resource rich country Afghanistan.
Major telcos called on federal authorities to expedite the availability of new network spectrum that would further boost Australia's 4G services, reports said.
A nationwide survey of Australia's electricity power industry has shown that South Australians were unaware of applicable discounts offered by the electricity supply companies.
A report released on Monday by Ernst & Young on the issues facing miners worldwide warned of further escalation in costs of mining operations in the coming years.
Despite the threat of a $1.1 million fine from the Australian Competition and Consumer Commission (ACCC), some Aussie entities continue to gouge residents by blaming the two-week-old carbon tax for large increase in prices.
Andrew Forrest of Fortescue Metals has found an ally in its High Court battle against the mining tax in the Australian state of Queensland. Despite a meeting on Monday between Prime Minister Julia Gillard and Queensland Premier Campbell Newman, the state will go ahead and join Fortescue in the High Court challenge.
U.S. stocks fell sharply Friday to cap a holiday-shortened week marred by weak readings on the U.S. economy. The Dow Jones Industrial Average finished Friday off 124.20 points, or 0.96%, at 12772.47, as investors responded to a third consecutive month of employment data that were worse than expectations.
Bell FX Currency Outlook: The Australian Dollar retreated from its recent highs on Friday night after the June US non-farm payrolls came in lower than expected with 80,000 new jobs created versus the 100,000 generally predicted.
The United Nations said in a new report that cash holdings being enjoyed by the more than a thousand billionaires could tremendously uplift the plight of nations still struggling with poverty.
The first week of the implementation of the controversial carbon tax ended with an announcement by the Australian Competition and Consumer Commission (ACCC) that it investigated and sanctioned two solar panel producers.
The Australian Federal Police (AFP) cleared a former media aide of Prime Minister Julia Gillard from any wrongdoing despite the information that he leaked to Canberra protesters during the Australia Day celebration early this year.
Prime Minister Julia Gillard said on Friday that the Multi-Party Reference Group she convened "to address asylum seeker and refugee issues," is all geared up for work, with its cross-party composition filled up save for the slots reserved for the Coalition.
A $400 million uranium mine development project proposed to be built in a world heritage game reserve in Tanzania has been given the go ahead by the UNESCO World Heritage Committee.
The re-start of the two nuclear power reactors in the northeast of Osaka could greatly reduce Japan's consumption of crude oil by 60,000 barrels daily.
Bell FX Currency Outlook: The Australian Dollar had a brief boost to two month highs after the UK and European Central banks announced fresh bouts of
stimulus overnight.
The historic 2011 Fukushima nuclear disaster, after more than 900 hours of hearings and 1,100 interviews with officials, was after all deemed an implanted bomb just waiting when to literally explode.
Actions by central bankers to juice the global economy failed to excite investors Thursday, while signs of hope on the U.S. jobs front also weren't enough to push stocks higher. The Standard & Poor's 500-stock index dropped 6.44 points, or 0.5%, to 1367.58, while the Dow Jones Industrial Average fell 47.15 points, or 0.4%, to 12896.67.
Barely a week after it came into full swing, talks of revising the carbon tax swirled as Independent MP Rob Oakeshott further pushed on his campaign for the federal government to drop the $15 floor price from the scheme.
Australia's antitrust regulator, the Australian Competition and Consumer Commission (ACCC), has extended its stamp of approval to the proposed takeover of commodities trader Glencore International Plc over blue-chip miner Xstrata Plc.
