Federal Treasurer Wayne Swan has asserted that Australia will find ways to fill in the void of the impending $7 billion budget shortfall by May, vowing that he is ready to implement painful measures in order to reach the goal he had pledged earlier this year.
Food Standards approved the application of the Winemakers Federation of Australia (WFA) to use in their production of wines an additive used also in toothpaste and laxatives manufacturing.
Bell FX Currency Outlook:
The Australian Dollar traded below 0.9700 on Friday as European sovereign debt issues continued to dominate the market's attention but has regained lost ground early today.
U.S. stocks eased lower Friday, capping the Dow Jones Industrial Average's worst Thanksgiving week performance since markets began observing the holiday in 1942.
MORNING REPORT (7am AEDT) Italian retail sales fell by 0.4pct in September - the fifth straight decline. French consumer confidence fell from 82 to 79 in November.
Rio Tinto and Chinalco joint venture (JV) for exploration in China - Chinalco Rio Tinto Exploration Co. Ltd. (CRTX) - has been officially registered as a business in China.
Metals X Ltd., developer of the Wingellina Nickel-Cobalt Project, had verified it has held preliminary talks with South Korea's Samsung C&T Corp. for a possible $2.2 billion investment into the project.
The Federal Government's announcement on Friday that it plans to introduce retrospective legislation to reverse consolidation tax laws rolled out only last year, further erodes the integrity of the tax system, The Tax Institute said.
Businesses in China engaged in electronic trading such as commodities, artifacts and precious metals are in for a deep scrutiny as the federal government launched a major campaign to clean and consolidate the country's numerous exchanges in order to regulate the market and prevent financial consequences.
So far, this certainly has been the sort of month we could have done without. The focus has been firmly fixed on any developments or headlines regarding Europe. Borrowing costs for European governments have remained at unsustainable levels and France's AAA credit rating has come until considerable scrutiny. The All Ordinaries index (XAO) fell by 1.4 pct or 57.7 pts to 4057.6.
Japan, veering away from nuclear usage following the radiation breakout of its Fukushima plants early this year, will be importing more of the liquefied natural gas (LNG) type to address its power requirements.
Japan's Mitsubishi Corp. has agreed to buy Murchison Metals Ltd.'s 50 per cent stakes in the West Australian Oakajee Port and Rail Project for A$325 million (US$314.9 million), gaining full control of the mine along with its port and rail projects.
Half of all companies listed on the Australian sharemarket are losing ground at lunch. The All Ordinaries index (XAO) is down significantly by 1.3 pct or 52.7 pts to 4062.6. Despite there still being well over 200 companies that are higher and another 334 currently flat, most of the big players are being hit hard today.
The Association of Southeast Asian Nations (ASEAN) invited both U.S. and Russia to attend the East Asia summit, where leaders from 18 nations discussed territorial claims in the South China Sea, democratic reforms in Myanmar, natural disasters, currency, trade and other issues.
The National Broadband Network (NBN) roll out is heading the right direction, according to NBN Co chief executive Mike Quigley and more will be accomplished once its $11 billion deal with Telstra Corporation gains approval from the competition watchdog.
Notwithstanding Rupee prices of gold striking record highs of late, gold imports of India could still reach 1,000 tonnes for 2011.
Major economies need to contribute in resolving the European financial crisis, including Australia, which according to Reserve Bank of Australia (RBA) governor Glenn Stevens, is set to absorb significant impacts of spillovers from Europe.
Australian rare earths developer Arafura Resources had backed out from a planned $74 million share sale as the continuing instability in the global markets have affected the company's share prices.
China's continued crackdown to clean and regulate its rare earths metals (REM) sector have produced a list of the first 15 REM enterprises that have passed the environmental protection check-up and obtained clearance to operate.
Prime Minister Julia Gillard is bound to enjoy more sleep in the weeks ahead as a new ally was installed as House Speaker on the last day of Parliament session, further boosting her chances of running a full term, experts said.
Federal Treasurer Wayne Swan cleared on Friday SABMiller’s $9.9 billion takeover of Australian beer icon Foster’s, leaving only one brand as the country’s wholly-owned brewery.
The Duchess might be one of the most fashionable icons of the present world, but it doesn't mean she does not have her bad days when it comes to style.
Bell FX Currency Outlook:
The Australian dollar traded near a seven week low during yesterday's session as ongoing concerns over the European and US situation weighed.
Ahead of a political debate sponsored by The Courier-Mail in Queensland, leaders in the Australian state have laid out their vision for the coming years.
Sign language as well as 14 other languages would soon become a part of Australia's National Curriculum.
The Duchess of Cambridge sure has caused quite a stir in the fashion world, but is she ready for Britain's most coveted style showdown?
The Australian sharemarket lost ground for the fifth straight day today however did quite well to only fall modestly. The All Ordinaries index (XAO) eased by 0.3 pct or 10.5 pts to 4115.3. Shares were actually in positive territory for around two hours today only to give away those gains in the last hour and a half of trade.
In light of the continuing case for a fundamental change in Britain's media policy, parents of missing child Madeleine McCann have been called to court Wednesday for their testimonies.
Sometimes, watching the stars on the red carpet is just as good as watching the whole award show itself; such was the case for the American Music Awards.
China, the world's second-largest economy and also the world's largest consumer of iron, in a bid to manipulate the global pricing of the raw commodity, is set to launch the first iron ore physical trading platform by yearend.
