POLITICS & POLICY

Australian Stock Market Report - Midday 12/01/2011

The Australian sharemarket is gaining for the fourth consecutive day with the All Ordinaries index (XAO) currently up around 2.2 pct. This makes it the fourth consecutive session of improvements locally and means that Australian shares have jumped by around 5 pct so far this week. All sectors are currently trading higher.

Australia's Manufacturing Activity Barely Improves in November

Manufacturing activity remained flat in November according to the latest Australian Industry Group - PwC Australian Performance of Manufacturing Index (Australian PMI®). The Australian PMI® was broadly unchanged, up just 0.4 points to 47.8, to remain below the 50 points level separating expansion from contraction.
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China's State Media Blast U.S., NATO for Attack on Pakistanis

A Chinese daily has scored the United States and its NATO allies for its arrogance in conducting unilateral military operations in Asia that so far not only failed to resolve the Afghan War but also fuelled more terror activities.
Erik Pineda Nov 30, 2011

French Court Voids Ban on Genetically Modified Corn

France's Council of State, which hears cases against decisions of the national government, has annulled the 2007 and 2008 rules of the agriculture ministry suspending the planting of genetically modified corn in the country.
Windsor Genova Nov 30, 2011

Aussie Boy Serves 2-Month Sentence in Bali, Home Before Christmas

The 14-year-old boy from Sydney found guilty of marijuana possession in Bali, Indonesia will be home before Christmas as his two-month sentence handed on Friday will cover the time he spent in detention in Denpasar while his trial went on.
Windsor Genova Nov 30, 2011

Exports of Chinese Firms to Europe Decline: Survey

The fiscal crisis now hitting the Eurozone has not only immobilized the region and sent panic jitters to other nations, it has also rendered shipments of a majority of Chinese exporters to slump in the past few months, data from a newly released survey showed.
Esther Tanquintic-Misa Nov 30, 2011

Aussie Postmaster Considers Internet Worst Enemy, Best Friend

Australia Post Chief Executive Ahmed Fahour knows how to turn a problem into an opportunity. He showed his success on Tuesday when the agency he heads opened its 24/7 operations that relies heavily on delivery and pick up of parcels ordered online by Aussies.
Vittorio Hernandez Nov 30, 2011

Best Celebrity Weddings of 2011 [PHOTOS]

2011 was a year full of various surprises which include weddings everywhere. With royals, actors, models, and singers taking the plunge and diving into a life of long term commitment.
Nov 30, 2011

China's 1st Floating LNG Storage Worth $892.8M Underway

Difficulties experienced from meeting stringent requirements and securing state approval in trying to construct a land-based receiving terminal has prompted the China National Offshore Oil Corp (CNOOC Group) to build the country's first floating liquefied natural gas (LNG) receiving and storage facility.
Esther Tanquintic-Misa Nov 30, 2011

Mozambique LNG Eyed to be Sold to Japan Market

Japanese trading house Mitsui & Co. on Tuesday said it is targeting to sell to the Japanese market some 5 million tonnes a year of liquefied natural gas (LNG) from a major field project in offshore Mozambique.
Esther Tanquintic-Misa Nov 30, 2011

Molycorp Forms Rare-Earth Joint Venture With Japan’s Daido Steel, Mitsubishi

U.S. rare earth metals (REM) miner Molycorp Inc. announced on Monday it has entered a deal creating a joint venture with Japanese companies Daido Steel Co. Ltd. and Mitsubishi Corp. to manufacture and sell high-powered rare earth magnets that targets the automotive and home appliance markets.
Esther Tanquintic-Misa Nov 30, 2011

Swan Forecasts 3.25% Growth Rates for 2011, 2012

Despite the apparently darker days ahead for the global financial situation due to the impact of the European debt crisis, Treasurer Wayne Swan is confident that Australia would rise above the crisis.
Vittorio Hernandez Nov 30, 2011

Australian Journalists Recognise WikiLeaks Work

WikiLeaks founder Julian Assange was recognised by fellow Australians Sunday for his resolve in letting the world know how governments work, specifically that of the United States.
Erik Pineda Nov 29, 2011

China's Solar Thermal Production to Grow 17.6%

The solar thermal industry at the world's second-largest economy is poised to grow by as much as 17.6 percent higher in 2011 to reach 57.6 million square meters, compared a year ago, according to an industry expert.
Esther Tanquintic-Misa Nov 29, 2011

China Invests US$2.82 Billion to Tap Minerals in Eastern Tibet

China is mulling to invest nearly 18 billion Yuan ($2.82 billion) to exploit minerals in Eastern Tibet's Qinghai region in the next five years. This came almost three months after Beijing announced in August plans to intensify mining efforts in the Tibetan Autonomous Region.
Esther Tanquintic-Misa Nov 29, 2011

BHP Billiton’s Olympic Dam Cleared to Operate

It's now all systems go for BHP Billiton Ltd after the South Australian Parliament on Tuesday passed a controversial legislation that would expand its Olympic Dam copper and uranium mine project into the world's largest open-cut operation.
Esther Tanquintic-Misa Nov 29, 2011

Australian Stock Market Report - Afternoon 11/29/2011

It certainly was another volatile session for the Australian sharemarket today. In the first hour of trade stocks rose by around 0.5 pct however at around 1pm the market crept into negative territory. In the last 10 minutes of trade, stocks gained impressively to lift the All Ordinaries index (XAO) by 1 pct or 41.5 pts to 4167.3.
Vittorio Hernandez Nov 29, 2011

Victoria Beckham: British Fashion Awards Winner! (PHOTOS)

In the recently concluded British Fashion Awards, the women dominated as they took home the major prizes of the night. Fashion icon Victoria Beckham was especially thrilled with her award as she won the Designer Brand prize.
Nov 29, 2011

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