POLITICS & POLICY

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Australia's Construction Sector Still Weak

The national construction industry remained in the doldrums in July with further declines in activity, employment and new orders. The latest Australian Industry Group Australian Performance of Construction Index (Australian PCI®) in conjunction with the Housing Industry Association, rose just 0.3 points to 36.1. It was the 14th consecutive month of contraction for the sector (readings below 50 indicate a contraction in activity).

Australia Stock Market Report - Closing 08/04/2011

AFTERNOON REPORT (4.30pm AEST)The local share market came under more selling pressure today, falling to 13 month lows as investors fretted over the health of the global economy and as a fall in tourism arrivals showed our strong dollar is continuing to have a negative impact on parts of our economy. Key US jobs data due out tomorrow night also kept many out of the market, with institutional buyers not willing to commit until it's clear how many jobs the world's biggest economy added i...

President Barack Obama's Birthday Bash [PHOTOS]

The President of the United States of America had a star-studded birthday dinner at the Aragon Entertainment Centre in his hometown of Chicago on Wednesday night as celebrities serenaded him on his big day..

Australia's Services Sector Posts Modest Gains

Australia's services sectors offering accommodation, cafes & restaurants, transport & storage, property & business and personal & recreational service have recorded gains in July, according to the latest services index survey from the Australia Industry Group in collaboration with the Commonwealth Bank.

Zimbabwe Needs Extra £45M Aid: U.N.

Zimbabwe needs an extra $73 million (44.8 million pounds) in humanitarian aid this year, mainly due to increased food needs for vulnerable groups despite improvements in the agriculture sector, United Nations agencies said on Tuesday.

RBA Maintains 4.75% Official Cash Rate

Australia's Reserve Bank has opted to hold interest rates for another month, which will extend more relief to the economy now treading a soft patch to full recovery.

Builders Call for Policy Reform as Dwelling Approvals Decline

Master Builders Australia, the peak body for the building and construction industry is urging the government to work with all stakeholders and facilitate reform of illogical developer charges, improve land release strategies and streamline the approvals process to remove impediments affecting the supply of housing.

NBN Rolls Out in Kiama Downs and Minnamurra

Australia’s second mainland National Broadband Network (NBN) site has been switched on this morning, with residents in the Kiama Downs and Minnamurra, south of Sydney, set to experience superfast fibre broadband.

Australian Stock Market -CLOSING - 7/28/2011

AFTERNOON REPORT (4.30pm AEST)Ongoing concerns about the US debt crisis saw markets around the Asian region heavily sold off again today. Investors remain concerned that even if US lawmakers come to an agreement over the raising of the debt ceiling, the US could still have its AAA credit rating downgraded. Japan's Nikkei index eased by 1.6pct today while the All Ordinaries Index (XAO) fell 73.4pts or 1.6pct to 4539.2 while the S&P/ASX 200 Index (XJO) eased by 73.6pts or 1.6pct to 4463.8....

British police apprehend the public face of Anonymous

As the law enforcement crackdown against hacktivist groups Anonymous and LulzSec continued, British law enforcement on Wednesday announced the apprehension of "Topiary," a 19-year-old man from the Shetland Islands north of Scotland who has served as the spokesperson for the group.

Aussie Dollar's Strength Dismays Industry Groups

Industry groups in Australia have expressed concern as the value of the local currency surges pass the usual parity against the U.S. dollar. Is the rising Australian dollar a blessing or a curse to the domestic economy?

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