POLITICS & POLICY

Australian Diplomats Make Headway in Freeing Boy from Bali Jail

The 14-year-old Australian boy who was arrested in Bali for possessing a small quantity of marijuana will most likely be released from custody soon after Indonesian police authorities said they were considering him more of someone who needed rehabilitation.
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Australian Dollar Outlook 10/11/2011

Bell FX Currency Outlook The AUD has had a strong rally overnight, trading through parity on renewed investor confidence and demand for higher yielding currencies such as the AUD.

Global Markets Overview - 10/11/2011

U.S. stocks rose sharply as investors cheered a pledge from France and Germany to resolve the euro zone's banking and sovereign-debt troubles. The Dow Jones Industrial Average rose 278 points, or 2.5%, to 11381. All 30 Dow components rose, with bank stocks leading the charge higher. Bank of America climbed 4.7% and J.P. Morgan Chase advanced 4.3%. The gains came after the blue chip index managed a 190-point rally last week.

Australian Stock Market Report - Morning 10/11/2011

MORNING REPORT (7am AEDT)There were solid data readings from major European nations on Monday. Industrial output rose by 0.5pct in France in August with Italian output up 4.3pct - both results well ahead of market expectations. And German exports rose by 3.5pct in August to record highs.

ACCC Closely Monitoring Supermarkets, Telecoms and Airports

The Australian Competition and Consumer Commission (ACCC) is keeping a close watch on the country's major supermarket chains, airports and the telecommunications sector to ensure these service providers do not abuse their market power in the delivery of their services to the paying public.

Australia Urged to Act: Global Warming Damaging Australian Alps

Have skis. But where's the snow?The Australian government and populace may need to consider diverting some of its focus from staging a continuous mining boom to augment its economic stability, to laying down immediate strategies to curb global warming if it wants to save its world-renowned Australian Alps.

Australian Stock Market Report - Closing 10/10/2011

AFTERNOON REPORT (4.30pm AEDT)The local share market posted its fourth win in a row today, kick-starting the trading week on a positive note. Investor sentiment remained buoyant after German and French leaders agreed to do all that is necessary to secure the recapitalisation of European banks. Share markets around the Asian region were generally positive, despite ratings agency Fitch cutting the credit ratings of Italy and Spain. The All Ordinaries Index (XAO) gained 37.3pts or 0.9pct to 42...

Mexican Drug Cartels Enter Australia, U.S. Says

Mexican drug cartels, including the Sinaloa Cartel, have entered Australia and is now operating in the country, U.S. Drug Enforcement Administrator Chief of Intelligence Rodney Benson told the U.S. Congress last week.

Australian Stock Market Report - MIDDAY 10/10/2011

The Australian sharemarket is surprisingly holding up very well despite a fall in U.S shares on Friday. The All Ordinaries index (XAO) is up 1.1 pct or 46.4 pts to 4271.4, adding to the 3.8 pct gains recorded last week.

Extract Shares Jump on China’s Takeover Bid of Kalahari

Extract Resources Ltd. is poised for a major investor confidence boost this week as share prices already climbed 10 percent Monday morning amid reports that China Guangdong Nuclear Power Corp (CGNPC) had re-opened talks to acquire Extract's biggest shareholder, Kalahari Minerals, even as CGNPC had earlier stated it is not keen to a takeover bid into the Perth-based miner.

China and Vietnam Agree Over Internet Control

China and Vietnam maybe at odds over claims in the South China Sea, particularly the Paracel and Spratly Islands, but they seem to be agreeing on one thing: taking control of its internet users.

Global Markets Overview -10/10/11

U.S. stocks finished lower Friday and the Dow Jones Industrial Average snapped a three day winning streak, as financial stocks fell sharply and Europe's sovereign-debt problems overshadowed a stronger U.S. employment reading.

Australian Stock Market Report - Morning 10/10/2011

MORNING REPORT (7am AEDT)US non-farm payrolls rose by 103,000 in September, above forecasts for a gain of around 60,000. And revisions led to employment numbers being lifted by 99,000 positions over July and August. The unemployment rate was unchanged at 9.1pct.

Hollywood's A-Listers Turn: Salut Steve Jobs! [PHOTOS]

he entertainment business has a lot to thank Steve Jobs for all these years. The introduction of the PC, iPod, iPhone, iPad has changed the course of media in a far better way that led to appreciation of the arts in a more technologically advanced way. Filmmakers, actors, press people, and musicians have been given new means and avenues to deliver their craft more efficiently and in an almost near perfect rendition.

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