U.S. stocks finished a tumultuous day of trading a touch lower, as investors were whipsawed by the latest Federal Reserve policy statement and a raft of trading irregularities. The Dow Jones Industrial Average declined 32.55 points, or 0.25%, to 12976.13 after the Fed's statement. Before the announcement, the blue-chip Dow had been up about 30 points.
Christine Gaylican
Aug 02, 2012
Although electricity has been brought back to India a day after a massive blackout caused darkness to 620 million Indians, the south Asian country is expected to continue to grapple with power problems in the next two decades.
Vittorio Hernandez
Aug 02, 2012
Nations around the world, primarily those in Europe, have been patiently "courting" officials of the home rule government of Greenland for potential access into the latter's natural resources after latest satellite data showed that almost 100 per cent of Greenland's ice sheet surface experience melting over a stretch of four days in July, a report said.
Esther Tanquintic-Misa
Aug 01, 2012
Australia and the United Arab Emirates have entered into a uranium sales accord where Australian uranium will be sold UAE to support the latter's nuclear power programme.
Esther Tanquintic-Misa
Aug 01, 2012
A U.S.-based defence think-tank has advised Washington to invest on a multi-billion military capability build up in northwest Australia to effectively underpin America’s refocus efforts in the Asia-Pacific region as articulated by U.S. President Barack Obama in late 2011.
Erik Pineda
Aug 01, 2012
A rising Australian dollar, coupled with cost increases and low domestic demand has pushed Australia's manufacturing sector to post its lowest ever growth in three years in July, which could also get worse with the implementation of the carbon tax.
Esther Tanquintic-Misa
Aug 01, 2012
In what is considered to be the first casualty of the carbon tax commotion, a Melbourne gym has been fined, and paid dearly, for its misleading claims on the supposed impact of the tax to the cost of its memberships.
Esther Tanquintic-Misa
Aug 01, 2012
Federal Treasurer Wayne Swan revved up his criticisms of mining magnates, claiming that the likes of Andrew Forrest, Gina Rinehart and Clive Palmer represent ‘unashamed self-interest’ and run in counter with ‘egalitarian patriotism’.
Erik Pineda
Aug 01, 2012
Saif al-Islam Gaddafi feared he would be ‘murdered’ by Libyan authorities under the guise of a court trial, according to a new filing lodged by the defence lawyers of Muammar Gaddafi’s son before the International Criminal Court (ICC) on Tuesday.
Erik Pineda
Aug 01, 2012
In a bid to restore business confidence in Australia, National Australia Bank (NAB) Chief Executive Officer Cameron Clyne insisted the country has a 10-speed economy, not a two-speed economy.
Vittorio Hernandez
Aug 01, 2012
Bell FX Currency Outlook: The Australian Dollar is fairly much unchanged today after the currency markets played out a quiet session as they await the meeting outcomes of the FOMC and the ECB.
Christine Gaylican
Aug 01, 2012
"This looks even worse than it would normally because there's an impression that India's economy is falling apart right now," a finance executive said.
Vittorio Hernandez
Aug 01, 2012
The Dow fell Tuesday, as investors looked past a host of positive economic signals and ahead to the Federal Reserve's policy-setting statement, though the blue-chip benchmark ended July with its ninth monthly advance in 10.
Christine Gaylican
Aug 01, 2012
The Environmental Protection Authority (EPA), environmental watchdog of Western Australia, has given its support to the construction of a $6 billion worth 350 million tonne per year capacity iron ore processing port facility near Karratha.
Esther Tanquintic-Misa
Jul 31, 2012
Caltex Australia Ltd. is targeting a selloff of A$300 million worth of bonds to raise much needed additional capital amid the shutdown of its 57-year old Kurnell refinery in Sydney.
Esther Tanquintic-Misa
Jul 31, 2012
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.
Christine Gaylican
Jul 31, 2012
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.
Erik Pineda
Jul 31, 2012
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.
Esther Tanquintic-Misa
Jul 31, 2012
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.
Esther Tanquintic-Misa
Jul 31, 2012
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.
Vittorio Hernandez
Jul 31, 2012
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.
Erik Pineda
Jul 31, 2012
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.
Vittorio Hernandez
Jul 31, 2012
Bell FX Currency Outlook: The Australian Dollar edged even higher overnight posting a fresh high above 1.0500 against the US Dollar.
Christine Gaylican
Jul 31, 2012
Rio Tinto-controlled mining company Ivanhoe Australia on Monday announced it would reduce its budget for exploration spending by $15 million annually.
Esther Tanquintic-Misa
Jul 30, 2012
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.
Esther Tanquintic-Misa
Jul 30, 2012
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.
Esther Tanquintic-Misa
Jul 30, 2012
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.
Esther Tanquintic-Misa
Jul 30, 2012
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.
Erik Pineda
Jul 30, 2012
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.
Christine Gaylican
Jul 30, 2012
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.
Erik Pineda
Jul 30, 2012
