POLITICS & POLICY

Opposition Scores FM Rudd’s Travel Spending and Agenda

Foreign Minister Kevin Rudd’s globetrotting ways in the past nine months have racked up a travelling cost of more than $1 million, which so far exceeded the expenditures posted by his more high-profile counterpart, U.S. Secretary of State Hillary Clinton.

Australia's Business Owners Urge Changes in GST, BAS

On the eve of the Federal Government's October Tax Forum, new research from MYOB has found more than two thirds of Aussie business owners (71%) want the Business Activity Statement (BAS) simplified and three quarters (76%) want to have the GST rules reviewed and clarified; while over one third (33%) said that addressing these concerns would impact their voting intentions.
More news

Australian Dollar Outlook 09/13/2011

Australia: Yesterday the AUD fell steadily throughout the day as our equity markets posted significant losses. The AUD fell from a high of USD1.0470 early in our trading session yesterday, down to USD1.0320 at the end of the day.

Australian Steelmakers Seek Interest Rate Cuts

Australian steelmakers are seeking a reduction of interest rates and warned that if the Reserve Bank of Australia (RBA) would continue with the current trend, the long-term future of the steel manufacturing industry in the country would be at risk.

Japanese Minister Quits Just 8 Days on the Job

New Japanese Industry Minister Yoshio Huchiro resigned on Saturday after only eight days on the job . He quit because of a controversial remark that he mde regading the areas near the Fukushina Daiichi nuclear plant, which he referred to as ghost town

Former Virgin Boss Gets Tiger Airways Top Post

Singapore-based Tiger Airways is quickly picking up from the close to six-week ban on its Australian operations as it tapped former Virgin Blue CEO Andrew David to run the airline following the scheduled departure of chief executive Tony Davis on Nov. 1.

Rupert Murdoch’s Australian Newspapers Bombard PM Gillard’s Camp with Criticisms

Rupert Murdoch is involved in another controversy, this time in his native Australia. Communications Minister Stephen Conroy told Bloomberg that Murdoch’s Daily Telegraph is “running a campaign on regime change.” Mudoch’s spokesman Greg Baxter said there is no campaign against the government by News Ltd., News Corp’s Australian unit.

12 Children Die in China Boat Accident During Festival

A tragedy marked this year's China's Mid-Autumn Festival as 12 students from primary and middle schools in Tangtianshi town drowned to death and 16 others were injured as their overloaded ferry boat sank in Fuyi River off Shaoyang County in Hunan Province late Friday.

Aussie Samantha Stosur Caps Historic Win at 2011 U.S. Open

Samantha Stosur wrote sports history when on Sunday, she displayed composure in a tense final match with American Serena Williams to pull off a stunning 6-2 6-3 upset at the 2011 U.S. Open, which ended Australia’s decade-long title drought in any Grand Slam event.

Poll Says Labor Will Win If Rudd Returns as Party Leader

Support for incumbent Australian Prime Minister Julia Gillard is at a record low, according to a survey by Fairfax/Nielsen released Monday. But the Australian Labor Party still has hopes of winning if it brings back Kevin Rudd.

Obama Faces Tough Slog to Sell Pivotal Jobs Plan

President Barack Obama, seeking to rescue the troubled U.S. economy and his own prospects for re-election, embarks on an uphill battle on Friday to win Republican support for a make-or-break $447 billion jobs plan.

Japan’s Economy Contracts Further; More Fiscal Intervention Seen

Japan's economy shrank further and exceeded more than the government's initial estimates in the second quarter as the stronger currency diminished efforts for the country to fully bounce back since the March earthquake. The G-7 member-countries will likely be asked for fiscal intervention to weaken the appreciating yen, that so far did more bad than good to the entire economy.

Expanded Pilot Scheme to Ease Labour Shortages

Australia’s accommodation industry is planning to encourage member businesses in Broome to participate in the expanded Pacific Seasonal Worker Pilot Scheme, which has been announced today.

Carbon and Tax: Separate Issues?

‘Carbon’ and ‘Tax’ seem inextricably linked in political debate but they are separate issues and should be viewed as such, a group of Melbourne’s leading industry CEOs was told on Friday.

Japan Requests Australia For More Coal

In a meeting held in Tokyo on Wednesday, Sep 7, Japan's Economy, Trade and Industry Minister Yoshio Hachiro has asked assistance from Australia's Minister for Resources, Energy and Tourism, Martin Ferguson in acquiring coal and other resources for power-generation needs, NHK World report says

Japan’s New PM Noda Visits Fukushima Plant

With still no reprise from a harm's way, Japan's newly elected Prime Minister Yoshihiko Noda set foot on the devastated Fukushima Daiichi nuclear power plant to personally see the extent of the damage and massive efforts in decontaminating the areas plagued with high radiation.

Pages