Australian unions are gearing up for a battle with Opposition leader Tony Abbott after he disclosed on Wednesday plans to revamp the country's flexible workplace agreement system.
Vittorio Hernandez
Jul 13, 2012
The S&P 500 fell Thursday, extending the longest slump for the broader market in nearly two months as investors weighed concerns about corporate earnings and a global economic slowdown. The Standard & Poor's 500-stock index dropped 6.69 points, or 0.5%, to 1334.76. Technology and financial shares led declines, while defensive sectors such as healthcare and utilities rose.
Christine Gaylican
Jul 13, 2012
Bell FX Currency Outlook: The Australian Dollar has opened lower this morning following a night of heavy market sentiment.
Christine Gaylican
Jul 13, 2012
Rio Tinto has backed out from a planned $1-billion iron ore project in Portugal to focus on much bigger and potentially profit-yielding development projects, Reuters News reported.
Esther Tanquintic-Misa
Jul 12, 2012
A double whammy of falling revenue and rising costs have ultimately forced Australia's largest department store operator Myer to slash 100 jobs from a total of 13,000 manned staff, chief executive Bernie Brookes announced on Thursday afternoon.
Esther Tanquintic-Misa
Jul 12, 2012
The United States strongly urged China to seriously consider a code of conduct in the South China Sea, purportedly to ease the deepening dispute among claimants of the area, which is believe to hold vast amount of oil and natural gas reserves.
Erik Pineda
Jul 12, 2012
Ten days after Australia implemented its $23-a-tonne carbon tax law, the country's competition watchdog said it has received a total of 630 complaints against it.
Esther Tanquintic-Misa
Jul 12, 2012
Prime Minister Julia Gillard said on Thursday that remote areas in Australia will soon enjoy wireless broadband access with the sealing of the $280 million deal between NBN Co and U.S.-based ViaSat Inc.
Erik Pineda
Jul 12, 2012
At the rate BHP Billiton Ltd.is going, having filed for environmental approval for its iron ore expansion plans in the Pilbara region, it sure does look the global miner is bent to hoard much of Australia's natural reserves despite uncommitted action to push for the advancement of its two major expansion projects in the country.
Esther Tanquintic-Misa
Jul 12, 2012
Australia's unemployed has grown by 0.1 percentage points to 5.2% in June, as the number of people with jobs declined by 27,000 to 11,500,500 in the sixth month of the year, latest figures released Thursday by the Australian Bureau of Statistics (ABS) revealed.The Australian dollar, at 1200 AEST, dropped at 101.93 US cents immediately after the figures were released.
Esther Tanquintic-Misa
Jul 12, 2012
The Australian share market closed marginally lower yesterday and overnight market were held back once again by Eurozone concerns and lack of immediate stimulus help from the US Federal Reserve.
Vittorio Hernandez
Jul 12, 2012
South Korea earned praises this time as it hinted the likelihood of backing down from its earlier announced plan of resuming whale hunting in pursuit of scientific research.
Erik Pineda
Jul 12, 2012
A study by an Edith Cowan University School of Management research team estimates a 25 per cent annual turnover rate for the 50,000 fly-in, fly-out (FIFO) workers in Western Australia.
Vittorio Hernandez
Jul 12, 2012
Investors pared most of their losses in late trading, but still handed the Dow Jones Industrial Average its fifth straight loss after the minutes of the Federal Reserve's June policy meeting showed few signs that central bankers were moving towards further action. The Dow Jones Industrial Average ended down 48.59 points, or 0.38%, at 12604.53, after falling as many as 119 points in intraday trading.
Christine Gaylican
Jul 12, 2012
Besides promising to repeal the carbon tax if the Opposition would win the 2013 election, Coalition leader Tony Abbott also vowed changes in work flexibility arrangements which would benefit Australia's tourism industry.
Vittorio Hernandez
Jul 12, 2012
Bell FX Currency Outlook: The Australian Dollar is
slightly stronger this morning, currently trading at
USD1.0250, as investors digest the US Fed Minutes and
news that Spain has added additional deficit-reduction
measures.
Christine Gaylican
Jul 12, 2012
Australia's exports of liquefied natural gas (LNG) is facing stiff rivalry from oil and gas exploration companies in East Africa amid the whopping 24 oil discoveries made from just only 27 test wells there.
Esther Tanquintic-Misa
Jul 11, 2012
Labor must clearly define its distinction from the Australian Greens but a veteran figure of the ruling party said today that ongoing stoush between the federal partners was wholly unnecessary.
Erik Pineda
Jul 11, 2012
A direct Australian dollar and China yuan currency conversion could very much augur well for a stable trade between the two growing economic leader nations.
Esther Tanquintic-Misa
Jul 11, 2012
Prime Minister Julia Gillard was playing politics when she picked Brisbane to play host for the 2014 G20 summit, top officials of New South Wales said on Wednesday.
Erik Pineda
Jul 11, 2012
China, as it gears its economy to sustain the continued global fiscal crisis along with general plans to boost domestic consumption, could transform from a major rare earths producing and exporting nation to a major consumer and importer of the precious metals essential to make high-tecg gadgets and applications.
Esther Tanquintic-Misa
Jul 11, 2012
The Australian sharemarket is losing ground for the fifth straight day, with the All Ordinaries Index (XAO) down 0.2 pct or 9.9 pts to 4128. Despite the falls, the last week and a half has been extremely quiet on markets, so the losses cannot be taken too seriously.
Vittorio Hernandez
Jul 11, 2012
On the second week of the implementation of the carbon tax, Treasurer Wayne Swan said the $23 per tonne carbon price is now a reality which Australians would have to judge its impact on their lives.
Vittorio Hernandez
Jul 11, 2012
Worries from the tech and industrial sectors and an underwhelming earnings report from bellwether Alcoa sent stocks tumbling Tuesday. The Dow Jones Industrial Average dropped 83.17 points, or 0.7%, to 12653.12, while the Standard & Poor's 500-stock index fell 10.99 points, or 0.8%, to 1341.47.
Christine Gaylican
Jul 11, 2012
Bell FX Currency Outlook: The Australian Dollar has opened fairly unchanged this morning after trading to a high of USD1.0245 overnight during the European
session.
Christine Gaylican
Jul 11, 2012
It was yet another extremely quiet session on the Australian sharemarket today, with the All Ordinaries Index (XAO) down 0.5 pct or 21.9 pts to 4137.9. This did not come as a huge surprise due to the falls on most global markets overnight and the lack of interest in shares in Europe and the U.S.
Vittorio Hernandez
Jul 10, 2012
Noting the financial crisis that continues to hit and stall the eurozone, the World Gold Council (WGC) said it expects gold demand from China to pare from the 1,000 metric tonnes it earlier predicted in May to just about 870 metric tonnes overall for 2012.
Esther Tanquintic-Misa
Jul 10, 2012
USEC Inc., a global energy company and provider of enriched uranium fuel and nuclear industry-related services for commercial nuclear power plants, announced it has completed by 90 per cent the conversion of weapons-grade uranium from dismantled former Soviet Union nuclear warheads into low enriched uranium fuel under the program called Megatons to Megawatts(TM).
Esther Tanquintic-Misa
Jul 10, 2012
Australia has signed two business deals with Sundaram Business Services (SBS), the business process outsourcing arm of Sundaram Finance Ltd., which will aid the latter's expansion plans in the Asian nation.
Esther Tanquintic-Misa
Jul 10, 2012
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.
Erik Pineda
Jul 10, 2012
