POLITICS & POLICY

Respected Malaysian Nuclear Physicist Defends Lynas Plant

Datuk Dr Looi Hoong Wah, a respected Malaysian nuclear physicist and consultant physician, has defended the beleaguered rare earths processing plant of Australian rare earths miner Lynas Corp. in Kuantan, saying the allegations being spread by its opponents are fabricated lies that bear relations to the country's upcoming general election.

Betting Scandal Taints Melbourne Cup

The integrity of the Melbourne Cup is now being questioned after champion jockey Damien Oliver reportedly confessed guilty to allegations that he placed an A$10,000 bet on a rival horse two years ago.

RBA Opts to Retain Cash Rate at 3.25%

The experts were correct in their forecast that the Reserve Bank of Australia (RBA) will retain the current 3.25 per cent overnight cash rate when the central bank's monetary committee met on Melbourne Cup Day on Tuesday, Nov 6.
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Wayne Swan Insists Surplus on Track, No GST Amendments

Australia’s economic goals remain firmly in place, Treasurer Wayne Swan said on Monday, insisting that Labor’s commitment of delivering a surplus by May 2013 is not a remote possibility.

Australian Job Ads Down For Seventh Straight Month in October

Job advertisements in Australia's Internet and newspapers continued to drop for a seventh straight month in October, latest monthly figures released by the Australia & New Zealand Banking Group Ltd. (ANZ) showed on Monday. It was the country's lowest in more than two years since January 2010.

Australia, Malaysia Engage in Young Muslim Exchange Programme

Six young Australians with Islamic backgrounds will be able to travel to Malaysia, and vice versa, to hone their leadership skills as well as develop a stronger understanding of other cultures and faiths after Australian Foreign Minister Senator Bob Carr signed a joint Australia-Malaysia cultural exchange programme with Malaysian counterpart, Anifah Aman, over the weekend.

Global Carbon Emissions Breach Threshold – PwC

Two years after 200 countries, during a United Nations climate conference in 2010, agreed to control their respective carbon emission contributions to below 2 degrees Celsius or 3.6 degrees Fahrenheit, much has yet to be really accomplished, much more acted and worked on, after a new analysis from (PricewaterhouseCoopers) PwC showed the annual rate of reduction of carbon emissions per unit of GDP has exceeded a critical threshold.

Australia Maybe Getting Richer But It’s Also Getting Sicker, No Thanks to the Mines

Australia, whose abundant metals and minerals resources helped propel it to become one of the stable economies to withstand any rollercoaster financial crisis in the past years, has been found to be unfortunately getting sicker because of the environmental hazards brought about by mining these very resources.

Australian Dollar Outlook - 05/11/2012

Bell FX Currency Outlook: The Australian Dollar retreated on Friday after trading on Friday afternoon over 1.0400 as concerns over the outcome of the US presidential election and the impending fiscal cliff in early 2013 overshadowed the better than expected US jobs figure for October.

Chevron’s Labour Importation Angers Union

Chevron's plans to import labour for its Gorgon liquefied natural gas (LNG) project has caught the ire of Australian Manufacturing Workers' Union, which claimed Australia has more than enough competent local workers following the fallout of several mining projects of big global companies.

Newmont Earnings Dip 26% in Q3

Third quarter earnings of Newmont Mining, the world's second largest gold miner, fell 26 per cent as operating costs escalated. A production decline at its Indonesian and Australian/Pacific mines also contributed to the drop.

Global Markets Overview - 02/11/2012

An assortment of positive economic reports strengthened investor optimism ahead of Friday's key employment report, and stocks held onto broad morning gains heading into the market's close.

Australian Dollar Outlook - 02/11/2012

Bell FX Currency Outlook: The Australian Dollar is stronger on improved global sentiment due to positive economic data released in the US and China.

Australia Business, Consumers Alliance Push for Cheap Electricity

Come 2013, electricity network companies in Australia will begin the tedious process of determining how much each household and business will pay for their electricity consumption based on the new infrastructure that need be constructed in the next five years. Staggering electricity rates had been everyone's burden and change had been pushed in the legislature.

Kofi Annan: China, Russia Hesitant to Intervene in Syria

China and Russia believe they were "duped" to allow for military intervention in Libya, said former United Nations Secretary General Kofi Annan on Wednesday, and they are now "very hesitant" to intervene in Syria.

BHP Launches Unmanned Automated Truck Equipment

It won't be long enough when global miner BHP Billiton Ltd. eventually gets rid of most of its human workforce with the initial launch of its unmanned fleet of automated dump-trucks.

Parliament Report Critical of RBA’s Secrecy, Reticence

Two leading MPs have faulted the Reserve Bank of Australia (RBA) for mishandling the bribery scandal that involved officials of Note Printing Australia (NPA) and Securency, which are under the direct supervision of the central bank.

China One-Child Policy: Time for Change in 2015

A new study conducted by the Chinese think-tank China Development Research Foundation (CDRF) has urged the government to soon drop its controversial one-child policy that is imposed on every family with little exception.

Toro Energy’s Wiluna Uranium Project Receives Investor Interest

Toro Energy Limited, whose highly-controversial Wiluna uranium mine project in Western Australia has yet to receive final environmental approval from the Federal Government, has pricked the interest of a number of investors, including a major U.S. nuclear energy group.

Posco Modified and Increased Takeover Bid Still Not Enough – Arrium

Australian steelmaker and iron ore miner Arrium Ltd has junked a modified and increased takeover bid from a group led by Noble Group Ltd and POSCO, among others, claiming the sweetened A$1.2 billion ($1.24 billion) still failed to properly value the company's worth.

China Withdraws Takeover Bid in Aussie Ore Miner Western Desert

In a move that caught Australian iron ore miner Western Desert Resources (WDR) off guard, its lone suitor Chinese company Meijin Energy Group has withdrawn its $435 million takeover bid into the Northern Territory-based company.

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