Sydney Brothel Expansion Plans Granted by Court
Although there were objections to the multi-million dollar expansion of a Sydney brothel, the Land and Environment Court ignored the opposition on moral grounds.
Global Markets Overview - 06/21/2012
U.S. stocks finished a volatile day roughly where they started, as investors balanced positive developments in Europe against some disappointment that the Federal Reserve held off on more aggressive action to juice the economy.
China To Impose Stricter Rare Earths Mining Standards As Reserves Continue To Decline – White Paper
China will be imposing stricter standards and regulations in its rare earths mining to salvage what remains of its rare earths reserves amid continued rampant illegal mining activities, even at the expense of a massive shakeup in the global supply and demand for the precious raw commodity.
Australian Stock Market Report – Afternoon 6/20/2012
The performance of the Australian sharemarket continues to be heavily influence by offshore developments. Last night, most global markets improved strongly (up by as much as 2 pct). A Greek coalition seems close to being announced and there has been speculation the Europeans will use a chunk of their bailout funds to buy Italian and Spanish debt (no confirmation). The bad news for the Greeks is that they will need to face the Germans this Friday in the European football championships (a coincide...
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Rio Tinto To Spend $4.2B To Support Expanded Iron Ore Operations in Australia, Guinea
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U.S. Report Lauds Canberra on Fight Against Human Trafficking
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India’s GVK Power Scouts Funding for Australian Projects, Mulls To Sell Minority Stake In Its Singapore Unit
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Thousands of Queensland Public Workers May Lose Job As Government Mulls Cost Reduction
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Key Climate Change Policy Splits Coalition
Cracks are showing on the Coalition climate change stand as the party's support for the 20 per cent Renewable Energy Target (RET) was questioned by backbenchers.
WikiLeaks’ Julian Assange Runs to Ecuadorian Embassy in UK for Protection
WikiLeaks founder Julian Assange sought refuge late Tuesday on Ecuador's embassy in London, barely a week after the UK High Court had allowed the procedures for his extradition to Sweden to begin.
Flame Virus Update: U.S. Publication Points Authorship of PC Virus to American, Israeli Gov't Agencies
Flame was the brainchild of the United States and Israel, a report published by American publication The Washington Post said on Tuesday, claiming that intelligence and military officials from the two nations collaborated to create and dispatch the malware, with aims to undermine Iran's controversial nuclear program.
Australian Dollar Outlook - 06/20/2012
Bell FX Currency Outlook: The Australian Dollar remains well supported this morning following a night of strength in equity markets and upbeat statements from the G20 regarding Europe.
Global Markets Overview - 06/20/2012
Speculation that U.S. central bankers are set to unveil additional stimulus measures lifted the Standard & Poor's 500-stock index for the fourth session in a row, as tensions eased across Europe's financial markets.
BRICS Injects Huge Money to IMF’s Firewall Fund
The firewall purse being worked on by the International Monetary Fund (IMF) got a significant boost late Monday as the world's emerging markets pledged a total of $US95.5 billion to the emergency fund that the global lender said will be used to fend off threats of recession around the world.
Australian Stock Market Report – Afternoon 6/19/2012
After a stellar start to the trading week, the Australian market lost a little ground today. The All Ordinaries Index (XAO) fell 0.4 pct or 16.5 pts to 4167.4. It was another quiet day on the market with only around $3 billion worth of shares exchanging hands today. When discussing markets, the negative seems to receive significantly more attention than the good. Yesterday, the XAO rose by around 1.9 pct thanks to the victory by a pro-Euro and pro-bailout party in the Greek elections.
RBA Shaves Off Cash Rate to Prompt for Growth, Protect the Domestic Economy
The 25 basis points cut handed down by the Reserve Bank of Australia (RBA) this month was meant to push for stimulus "that would be expected to flow through to the domestic economy over the coming months."
Lynas Rare Earths Plant Gets Backing of Malaysian Parliament: Plant Facility is Safe
The Parliamentary Select Committee (PSC) created to look into the safety of the highly disputed $200-million rare earths processing plant of Lynas Corp. in Malaysia has concluded that the facility is safe and has strongly urged for the immediate release of the temporary operating license (TOL) to finally start the plant's delayed operations.
Russia’s Gazprom To Work With Japan On LNG Projects
Russian firm Gazprom, also the world's largest extractor of natural gas, is mulling to build a gas pipeline to Japan as part of a memorandum of possible liquefied natural gas (LNG) projects expected to be signed between Russia and Japan next week.
Tony Abbott to PM Gillard: Ease Down on Your Economic Lectures
Opposition Leader Tony Abbott called on Prime Minister Julia Gillard to focus on Australia's domestic affairs instead of issuing unsolicited advices to G20 member nations, specifically to the struggling economies of the eurozone.
German Utility Firm RWE Abandons Nuclear Plan Ambitions
Massively knocked down by its own government's ruling to phase out nuclear power, Germany's second-biggest energy supplier, RWE, announced on Monday it will no longer build nuclear power plants, both domestically and overseas.
FM Bob Carr: Melinda Taylor's Freedom Lies on ICC Hands
The ball on the Melinda Taylor affair is now on the International Criminal Court's (ICC) hands as Foreign Minister Bob Carr said on Tuesday that an apology coming from the court could soon win the release of the detained Aussie lawyer and her ICC co-workers.
How to Advocate for Family Leave Insurance, a.k.a “Paid Family Leave,” in Your State
This week I wrote a post for Forbes.com entitled "3 Reasons Why Card-Carrying Capitalists Should Support Family Leave." To help individuals advocate for Paid Family Leave (which is really Family Leave "Insurance") in their state, Ellen Bravo the Executive Director of Family Values @ Work, a national network of 16 state and local coalitions helping spur the growing movement for family-friendly workplace policies, offered the following get-started tips:
Senator George Brandis Blames Carbon Tax for Fairfax Woes
Australian politicians are again playing the blame game just barely two weeks to the collection of the carbon tax on July 1. Coalition Senator George Brandis on Tuesday pointed to the carbon prices as the reason behind Fairfax Media's woes.
Proposed International Trade Rules Would Give Corporations the Power to Overrule Governments
As long and as hard as some nations (especially the United States) have fought through the years to achieve and maintain independence, it's mind-boggling to think they would ever voluntarily surrender that sovereignty.
Australian Dollar Outlook - 06/19/2012
Bell FX Currency Outlook: The Australian dollar is unchanged this morning currently trading at USD1.0115 as the offshore markets digested the result of the Greek elections.
Global Markets Overview - 06/19/2012
The Standard & Poor's 500-stock index inched ahead Monday after Spanish borrowing costs rose to a record high and Greek political leaders sought to form a pro-bailout coalition following Sunday's election. Stocks bounced from opening lows to waver between slight gains and losses for most of the day. The S&P 500 edged up 1.94 points, or 0.1%, to 1344.78
Tanzania Uncovers More Additional New Natural Gas Reserves
Tanzania has uncovered new additional reserves of natural gas off its Lindi coast, the country's Minister for Energy and Minerals Sospeter Mohongo announced over the weekend.
Energy Woes Force Jordan To Import LNG Effective 2014
Current energy woes have forced the Kingdom of Jordan to decide on importing liquefied natural gas (LNG) by 2014, energy officials announced over the weekend.
Australian Stock Market Report – Afternoon 6/18/2012
The Australian sharemarket gained strongly today thanks to a largely positive result from the Greek Presidential elections this weekend. The All Ordinaries Index (XAO) rose 1.9 pct or 76.9 pts to 4183.9.
34 Councils in Reduced List of 294 Entities on Carbon Tax Roster
The Gillard government has pruned to 294 the number of entities that it would collect the carbon tax beginning July 1. The list includes 34 local councils with landfill sites or produce natural gas.
Treasurer Swan: Growth Target, Fiscal Discipline Work Well Even Amidst Turmoil
Federal Treasurer Wayne Swan said on Monday that growth targets and fiscal discipline can actually co-exist amidst the challenges being faced by key global economies, particularly in the eurozone which currently bears the weight of a heavy credit crisis.
Japan, Vietnam Launch Rare Earths Technology Facility
More and more non-Chinese rare earths related projects are starting to get off the ground, proof that the world is determined to reduce its dependence on a China for rare earths, as Japan and Vietnam launched over the weekend its very first rare earth research and technology transfer facility.
Parliamentary Report Points to Snowballing Public Nod for Gay Marriages in Australia
A Parliamentary committee report on bills proposing the legalisation of gay marriage in Australia said on Monday that a tide supporting its realisation has been spawned and to legally prevent Aussie couples from formalising their union was both "un-defendable and unjust."
Rio Tinto Eyeing Toro Energy’s Uranium, Rare Metal Interests In Namibia
Rio Tinto, the world's third-largest mining company, is in talks to acquire the mining rights for uranium, base metals and rare metals of Toro Energy in Namibia, Proactive Investors UK reported.
Lynas Gets Thru Hurdle with Malaysia Science Ministry; Parliament to Deliberate Rare Earths Plant Tuesday
It won't be long before the controversial rare earths processing plant of Australian miner Lynas Corp. goes full blast in Malaysia even if protesters are sure to mount various objections to challenge its eventual kick-off, after the Ministry of Science, Technology and Innovation (MOSTI) ruled out the appeal of locals against the temporary operating license (TOL) issued in January by the Atomic Energy Licensing Board (AELB).
Melinda Taylor Update: Tripoli Says More Cooperation from ICC, Aussie Lawyer Could Soon Win Freedom for Detained ICC Team
A top-ranking official of the Libyan government has hinted that cooperation coming from detained Australian lawyer Melinda Taylor and the International Criminal Court (ICC) is the key for the early resolution of the ongoing diplomatic row.
Galaxy Poll Says Labor’s PM Gillard a ‘Spectacular Failure’
The country's first female Prime Minister may have attracted the adulation of the international community for her tax programs that aim to reduce the world's collective carbon emission and to filter down the benefits of Australia's ongoing resource boom but her countrymen do not share the same sentiments, the new Galaxy poll said.
Australian Dollar Outlook - 06/18/2012
Bell FX Currency Outlook: The AUD has continued its firm tone from Friday's trading, as it appears a new coalition government will be formed in Greece between the New Democracy Party and PASOK, giving them control of 161 seats in the 301 seat parliament.
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