Messy Yard Equals Jail Time for Strapped Homeowner
A down-on-her-luck South Carolina homeowner is jailed for refusing to clean up her junk-filled front yard. Upon her release, good samaritans step in to help make things more aesthetically pleasing.
FM Rudd Urges China to Consider Cutting Oil Trade with Iran
Foreign Minister Kevin Rudd called on China to consider halting its oil purchases from Iran in deference to efforts by the international community of pressuring Tehran to abandon its nuclear program.
Australian Stock Market Report - MIDDAY - 20 January 2012
MIDDAY REPORT (12pm AEDT)At lunch time, The Australian share market is climbing higher, with the All Ordinaries index (XAO) up 20 points to 4,299. Most sectors are holding up ok, the miners strong after higher commodity prices over night and banks getting a buzz from strong results from key financial firms in the U.S. overnight. However the S&P/ASX 200 Consumer Staples sector is off around 0.2 pct, with major food and liquor retailers losing ground.
Australian Dollar Outlook - 20 January 2012
The Australian Dollar has opened firmer against the greenback trading back above USD1.0400 after seeing a low of USD1.0368 overnight.
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IMF Seeks $500-B Fund Upgrade to Deter Global Meltdown
The International Monetary Fund (IMF) is seeking to further fatten its existing resources, a move that according to IMF managing director Christine Lagarde will provide sufficient buffer in the event a serious downturn will develop from the ongoing Euro crisis.
BRIC Urged to Create Fund, Help Save Global Economy
The question looming amid the maddening eurozone financial crisis now is, will the BRIC (Brazil, Russia, India and China) nations consider lending a helping hand to a world that has yet to officially and formally recognise its economic hold in the global market today?
Australia, U.S. Laud Euro Initiative on Space Junk Resolution
The initiative pitched by Europe on resolving the threats of space junks that litter over Earth's atmosphere gained conditional nod from U.S. Secretary of State Hillary Clinton this week.
PM Gillard Urged to Shed Light on Speakership Issue
Liberal MP Christopher Pyne called on Prime Minister Julia Gillard to clarify speculations that the change of speakership in the House last year had her prior knowledge, contrary to her earlier claims that shift came as a surprise for the Australian Labor Party leadership.
Celebrity Support Puts Same-Sex Marriage Issues in the Spotlight
Amidst the talks of same-sex marriage bill in Australia getting introduced, three well-known and well-loved Australian celebrities – Hugh Jackman, David Stratton, and Oscar-winner Lizzy Gardiner – gave their support to the cause by signing a marriage equality declaration that has been warmly received by same-sex marriage advocates.
Power Problems in Mines Upset African Barrick Gold Full Year 2011 Yield Output, Down 2% Versus 2010
The continuous power disruptions brought by the unreliable power supply in Tanzania have seriously affected the gold production yield of African Barrick Gold (ABG), with fourth quarter 2011 figures sliding 11 per cent. This development caused the unit of the world's largest gold producer, Barrick Gold Corporation, to miss its full year 2011 production targets by 2 per cent from a year ago.
SOPA and PIPA bills Could Threaten Natural Health Websites with Government-Ordered Shutdown
On Wednesday, January 18, 2012, NaturalNews.com went "dark" to protest SOPA, the "Stop Online Piracy Act" that is actually a thinly-veiled government censorship effort.
Australian Stock Market Report - Midday 1/19/2012
The Australian sharemarket is gaining for the third time this week at lunch, with the All Ordinaries index (XAO) up 0.3 pct or 12.4 pts to 4293. Most sectors are improving however the defensive telcos are pulling back slightly. Australian shares were up by around 0.5 pct prior to the release of some worse than expected employment numbers this morning.
Australian Dollar Outlook - 19 January 2012
Bell FX Currency Outlook:
The Australian Dollar remains above USD 1.0400 as US equity markets ground higher following the release of sound US economic data and plans by the IMF to bolster funds for bail-out requirements.
Australian Markets: Basking on Overnight Gains - 19 January 2012
Overnight gains posted on the S&P and most of Europe's stock markets are providing a good starting point for Australian markets on Thursday after a flat finish yesterday.
Global Markets Overview - 19 January 2012
U.S. stocks pushed toward six-month highs as home-builder sentiment hit its highest level since 2007, and generally positive corporate earnings bolstered shares.
Australian Stock Market Report - Afternoon 1/18/2012
The Australian sharemarket gained a little ground for the second time this week, with the All Ordinaries index (XAO) managing to edge higher by a very modest 0.1 pct or 2.9 pts to 4280.6. The mining sector was the day's star performer while the financials held the market back most significantly.
Bangladesh Prepares International Tenders for 4 Coal-Fired Power Plants
Bangladesh, in a bid to generate 2,000 megawatts (MW) of electricity to ensure future power supply, has announced it will place on the market invitations for international tenders to help the country build four more coal-fired power plants.
China Posts Moderate Growth in Q4 2011, Analysts Flag Likely Slow Down
China has registered a minimal expansion of 8.9 percent in the last quarter of 2011, giving away signals that the dreaded slow down predicted by economists could finally descend in 2012.
China, With Open Mindset, Remains the Economy to Beat
Its official fourth-quarter growth rate may have been its slowest in more than two years, but China's remains the economy to beat.
Reasons Why Hong Kong is the Easiest Country to Do Business
American think tank Heritage Foundation released last week the 2012 Index of Economic Freedom with Hong Kong on top of the list. The report is a measure of economic freedom or the ease of doing business in 179 countries based on a 10-point criteria.
Australia Day 'Very Significant' for Nation
Australians will be celebrating Australia Day on January 26, a public holiday in Australia.
Sativex Talks: Could New Study Push Cannabis Legalization?
The study on the mouth spray Sativex has been the talk of the town most recently as it can possibly change how withdrawals from marijuana are treated. And with all the buzz going about the prospects of the medicine, can this be the very thing that can push the legalization of cannabis?
Frustrated Gabon to Recall China’s Rights into Iron Ore Deposit, Mulls Transfer to Australia’s BHP Billiton – Report
Apparently irked over China's slow progress in developing the Belinga iron ore deposit, the government of West African nation Gabon has been reported mulling to transfer the mine's exploration and ownership rights to BHP Billiton Ltd., in what could be a winning moment for the latter as it works to branch out its main production base away from Western Australia's Pilbara region.
Australian Stock Market Report - Midday 1/18/2012
The Australian sharemarket is losing ground for the second time this week, with the All Ordinaries index down 0.1 pct or 4.8 pts to 4272.9. This is despite gains from both European and U.S markets overnight.
S. Korea’s Posco Steel Expands Ownership Stake in Australian Iron Ore Firm
Posco of South Korea, the world's third-biggest steelmaker, prompted by heating competition from rival Asian steelmaking countries China and India, as well as the United States, on Tuesday announced it is in talks to increase its ownership control in the Roy Hill iron ore project in Western Australia.
What’s it Going to Take?: Rodney Croome Talks Same-Sex Marriage in Australia
Same-sex marriage is a hot topic that everyone has an opinion on. While some people wanting to legalize same-sex marriage in Australia, others don’t even want to hear from it. With a gay union bill in the works of being introduced, what does it actually take to have it passed?
What’s it Going to Take?: Rodney Croome Talks Same-Sex Marriage in Australia
Same-sex marriage is a hot topic that everyone has an opinion on. While some people wanting to legalize same-sex marriage in Australia, others don’t even want to hear from it. With a gay union bill in the works of being introduced, what does it actually take to have it passed?
SA Supreme Court Blocks Argonaut Resources’ Exploration Project
The South Australian Supreme Court overturned on Tuesday a ministerial approval given to Argonaut Resources (ASX: ARE) to drill for copper, gold and iron-oxide in parts of Lake Torrens and Andamooka Island.
U.S. Sanctions Against Chinese Oil Traders Over Iran
U.S. imposed sanctions on China's state-run Zhuhai Zhenrong Corp, along with two other firms, for trading refined oil products to Iran.
Turkey Adds 63 Tonnes of Gold Due to Acceptance of Metal as Reserve Requirement from Banks
The acceptance of gold as a reserve requirement held by Turkish banks led to a rise of holdings of the yellow metal. In November, Turkey added 63 tonnes of gold, which boosted the purchase of gold by 41.3 per cent. It was the largest increase in gold buys that month.
All Odds Stack Against MP Wilkie's Gambling Reform Bill
The pokies pre-commitment scheme championed by Independent MP Andrew Wilkie could soon fizzle out following the reported pull out of supports for the gambling reform proposal, media reports said.
Banks in Australia, 17 Other Countries to Undergo IMF Stress Tests
The International Monetary Fund (IMF) will make banks from Australia and 17 other nations undergo a stress test to ensure these lenders could withstand another financial crisis. It is part of the required five-year check-up of the top 25 global financial sectors.
Australia's Lynas Rare Earths Facility Now Caught in Thorny Malaysian Politics
The final approval allowing Australia's Lynas Corp.'s rare earths facility to be fully operational is now caught in a thorny path of Malaysian national elections slated in March.
Australian Businesses Investing in Fast-Changing Technology Amidst Low R&D Tax Incentive Program
Some 540 local businesses in Australia have been investing in rapidly changing technology in the last three years in spite the low tax incentive from the federal government, according to the latest Australian Industry Group/Deloitte National CEO report.
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