POLITICS & POLICY

Chinese Investors Turned Off By Burgeoning Australian Taxes

At least two major Chinese investors in Australia's resources sector expressed having second thoughts of furthering investment plans in the country's mining industry due to the escalating regulatory risks imposed by the mining and carbon tax laws.

Australian Dollar Outlook - 11/15/2011

Bell FX Currency Outlook:The AUD has opened lower this morning, currently trading around USD1.0200, as investors caution over the European crisis continued during the offshore session.
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PM Gillard Set to Quash Uranium Sale Ban to India

The Australian Labor Party is set to reverse its ban on uranium sale to India, according to a Monday report carried by Fairfax media outlets, which also suggested that the turnaround would be in support of Primer Minister Gillard’s ‘Asian Century’ policy.

Australian Stock Market Report - Midday 11/15/2011

The local share market is trading in the red in the early session, although the losses aren't as severe as was predicted following losses in European and US share markets overnight. Volatility returned to global markets overnight as investors questioned whether or not the new governments in Italy and Greece would actually be able to solve the European debt crisis. At lunchtime in the East, the All Ordinaries Index (XAO) is down 17.8pts or 0.4pct to 4351.3.

Siege of Brazil’s Biggest Slums Nets Drug Gangs

Some 3,000 police and soldiers raided and took over two of Brazil's biggest shantytowns Sunday as part of a crackdown against armed drug gangs and security preparations for the 2014 World Cup and 2016 Olympics.

Commodities Summary – Copper Up; Oil, Gold Down

The continuing fiscal crisis affecting the eurozone, coupled with the alterations in Italy's political landscapes along with brewing conflicts in the Middle East, led prices of crude oil to withdraw on Monday.

Men Have a Taste of What Women Have Long Endured

Men's bodies are making political news these days; Chris Christie's girth, Scott Brown's nudity. Caryl Rivers says that's changing the body politic and giving guys a taste of what women have long endured.

Israeli Defense Chief Wishes More Explosions in Iran

Israel's defense chief, Ehud Barak wants more explosions similar to the one that struck a missile base in Iran on Saturday that killed 17 soldiers, including the key figure behind the Islamic country's missile programme.

China Will Be World’s Largest Energy Consumer in 20 Years: IEA

China, the world's second-largest economy, will consume more energy than India, Brazil, even bigger than the European Union and the United States combined, the International Energy Agency (IEA) said in its World Energy Outlook report published early this month.

Australia Urged to Diversify, Must Not Be Reliant on Chinese Demand

The savvy investor who knows how to play his cards well will opt to maintain a diversified portfolio rather than just focus on one commodity or equity to ensure steady and long-term capital gains.The same is being advised to Australia, most especially now that China's super-power status seems to be not so super powerful at all, with cracks seen anew in its latest property market report.

India Urged to Continue Nuclear Power Plans

India, one of the world's emerging economies on Monday, has been advised by the International Energy Agency (IEA) to re-open its nuclear power plans to address its energy crisis.

Kenya, the Next Gold Frontier?

East African country Kenya recently intensified its prospects in known gold fields in Western Kenya in a bid to take part in the escalating global pandemonium for the supposed soothing psychological effects of gold among investors.

Renewable Energy Getting Cheaper

Although the Australian government is apparently battling an uphill fight over carbon tax, renewable energy and similar issues as the debate gets lively, trends support the Labor government position that the country should shift toward renewables and away from coal.

Unrest Grows Among Thais still Submerged in Floods

Residents in Thailand's Don Mueang district have defied the orders of authorities when they destroyed flood barriers made of sand bags to create a way for boats and access the flooded 20 housing estates.

Kate Middleton in Black and White [PHOTOS]

The Duchess of Cambridge is known for her elegant taste in clothes, and has been constantly seen wearing navy, red, or pastel colors. Here, we take a look at some of her best black and white ensembles.

Weakening Global Iron Ore Production Stirs World Prices Anew

With China's property market suffering a decline, analysts speculate the world is heading for a severe recession as a weakening global steel production will pressure prices of iron ore to further go down, pulling along with it prices of other commodities.

APEC: Australia, 8 Countries Agree on Free-Trade Pact Outline

Leaders of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam have agreed to the outlines of a free- trade agreement called Trans-Pacific Partnership (TPP) during a meeting in Honolulu, Hawaii on Saturday.

Australian Stock Market Report - Midday 11/14/2011

Investor optimism has returned following weekend developments in Europe, sending the local share market up sharply in early trade. After reaching a high of 4423 points in the first half hour of trade the All Ordinaries Index (XAO) is up 33.8pts or 0.8pct at lunchtime in the East to 4392.4.

U.S. Presidential Candidates’ “Worst Jobs” [PHOTOS]

Everyone has to start somewhere and as ABC News found out, even with noteworthy titles such as "CEO" and "Governor," these presidential candidates still had their share of really bad jobs. A look at their resume would suggest that even the future leader of the free world had his share of menial labor, and we're not just talking household chores here.

Gold Coast Wins Hosting Bid for 2018 Commonwealth Games

Queensland Premier Anna Bligh tweets “We did it … we got back up again and we won the 2018 Commonwealth Games,” confirming reports that the Commonwealth Games Federation (CGF) has chosen Gold Coast on Saturday as the official venue for the 2018 Commonwealth Games.

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