POLITICS & POLICY

Australia's total gold yield had barely moved in 2011 and two tonnes less than those registered in 2010.

Australia's total gold yield had nary a movement in 2011, albeit two tonnes less than those registered in 2010.

The Australian government called on its Libyan counterpart to run after the suspected Islamic militants who desecrated dozens of graves in a Commonwealth cemetery, located in Benghazi, where 48 Australian soldiers killed during the Second World War were laid to rest.

The Virginia Senate race is turning into quite the catfight now that Hank the cat has thrown his paw into the race.

The Australian billionaires apparently the subject of the recent essay penned by Federal Treasurer Wayne Swan have hit back and declared that the senior Labor minister was barking up the wrong tree.

Safety regulators had made progress toward improving the rearview visibility for drivers driving a car or a light truck. But the safety regulators said the U.S. rule that may require all cars and light trucks sold in the country to have rear-view cameras won't be issued by deadline dated Feb. 29, 2012 and may be delayed until after presidential election in November.

China is expected to reveal its 2012 military budget this weekend, which U.S. military experts said could exceed the estimated $US160 billion that the world's second biggest economy spent in 2010 for upgrading its military might.

The independent Media Inquiry commissioned last year by the federal government has proposed the creation of a national watchdog that would keep watch on the conduct of all media outlets in Australia - print, broadcast and online.

The Malaysian government continues to uphold Australian miner Lynas Corp., and its beleaguered Lynas Advanced Materials Plant (LAMP) after it directed the company to move its proposed residue disposal facility to a site far from the LAMP location in Gebeng, Kuantan province.

Cautious sentiment is seen getting a grip at the start of the Australian stock market trading on Monday after Friday's disappointing leads from the U.S. and European stocks markets.

Bell FX Currency Outlook: The Australian dollar has opened this morning on the mid 1.0700's after a fairly narrow trading range on Friday evening.

Stocks finished slightly lower Friday after meandering in negative territory for most of the day, with the Dow seeing its first weekly loss in three weeks despite closing above 13000 Tuesday. Without major economic data releases or corporate news to provide direction, stocks drifted lower in a rudderless session.

The Australian sharemarket improved today for the second time this week, with the All Ordinaries Index (XAO) rising 0.5 pct or 21.7 pts to 4367.7. Almost all sectors rose today, however despite the gains, shares lost a bit of ground over the week.

Kazakhstan's appetite and subsequent buying of the precious safe haven yellow metal gold has yet to reach its apex, as U.K.-listed miner Kazakhmys PLC on Thursday announced it anticipates the country's central bank to shore up its gold stockpile this first quarter by as much as 69,000 troy ounces.

Australian Prime Minister Julia Gillard announced on Friday noon the appointment of Bob Carr as Foreign Affairs Minister. He replaced Kevin Rudd who resigned last week and unsuccessfully battled Ms Gillard for the leadership post in the Australian Labor Party.

Australian rare earths miner Lynas Corp. will likely pay some $18 million a year in royalty payments or 2.5 percent to the Western Australian Government after the latter's amendments to its Mining Regulations of 1978.

With the Australian reporting season out of the way the market has fallen back in to usual trading today, following the trends from the U.S. markets and commodity prices overnight. Last night we saw the US markets close slightly higher and this has given our market a small boost at the start of trade. At lunchtime in the East, the All Ordinaries Index (XAO) is up 22pts.

Treasurer Wayne Swan has spoken against very wealthy Australians for exerting too much influence on government policies. He specifically named mining magnates Clive Palmer, Andrew Forrest and Gina Rinehart is an essay published in The Monthly magazine.

An Australian Senate inquiry on Wednesday has presented sufficient evidence of the sufferings of unwed mothers who were forced to give up their babies for adoption from the Second World War until the early 1970, reports said.

Shares of Australian coal miner New Hope Corp. plummeted to more than 10 percent to $5.11 on Thursday after plans to sell itself for more than $5 billion fizzled out.

The Australian equities and currency markets are set to rebound on Friday benefitting from the positive overnight leads. Although, holding up the bouyant trade for the rest of the day will be a challenge considering the earnings reporting season is almost over and oil price surges might temper further advances.

Bell FX Currency Outlook: The Australian dollar has opened back above USD1.0800 this morning, as the European Central bank's second massive injection of cash buoyed sentiment in equity markets.

Stocks rebounded from the biggest decline in two weeks, rising after a strong reading on weekly U.S. jobless claims. The Dow Jones Industrial Average climbed 32 points, or 0.3%, to 13032, in Thursday afternoon trading.

US car giant agrees to settlement paid in shares but denies propping up segregationist regime.

A wise man once said that yesterday is history, tomorrow is a mystery and today is a gift. However, today was the sort of present investors would have preferred not to have received. The Australian sharemarket fell for the third time this week today, with the All Ordinaries Index (XAO) down 1 pct or 42.1 pts to 4346.

The federal government of Australia announced on Tuesday night the sudden end to the $320-million solar hot water programme. The decision was part of the Gillard government's major revamp of its subsidy programmes.

An improved exports scenario in February posed good news for China and the rest of its trading partners, expanding for the first time in four months, with the official purchasing managers' index (PMI) of the world's second-largest economy reaching 51.0, well above expectations of the global market.

As Australia wages its campaign that forces tobacco manufacturers to adopt plain packaging on their products, a U.S. District Court ruled against a similar measure in the United States on Wednesday.

After implementing the use of liquefied natural gas (LNG) powered public buses in Beijing, China, whose energy consumption rose by 7 per cent in 2011 over a year ago, will conduct a trial run of methanol-fuelled cars in three provinces effective March 2012.