The Reserve Bank's decision to hold off plans for an upward rate adjustment in the past few months had impact well on Australia's consumers, who are now more spend-thrifts and conscious on what to spend on.
NASA astronaut Mike Fossum, Russian cosmonaut Sergei Volkov and Japanese astronaut Satoshi Furukawa launched to the International Space Station at 3:12 p.m. CDT Tuesday (2:12 a.m. local time, Wednesday) from the Baikonur Cosmodrome in Kazakhstan.
An international coalition of scientists and activists launches a common platform for ending the AIDS epidemic. Thirty years into the epidemic, as world leaders come together at the United Nations to recommit to a global AIDS response, the broad-based international coalition issued a statement calling for world leaders to support a rational, evidence-based approach to responding to AIDS. The group also calls for additional signatories to the declaration.
With Memorial Day comes various events that signify the start of summer. These range from the first cook-out to opening the swimming pool to planning summer vacations. It also means the beginning of the summer driving season and higher gas prices are having an impact. Half of Americans who own a vehicle (51%) say they have cut back on products and/or services in order to pay the increased price of gasoline. As might be expected, those with lower household income are more impacted.
Acknowledging the uncertain movement of global fuel prices, Federal Treasurer Wayne Swan said on Tuesday that government remains undecided on the inclusion of the petrol and transport industries to the planned carbon pricing.
The Federal Government has suspended Australia's live cattle trade to Indonesia effective immediately for up to six months after a nationwide outpouring of rage at the airing of footage showing cattle being brutalised and tortured on ABC’s Four Corners.
Weak trading sessions in the US and European markets will likely rebound in local trading on Tuesday. Investors at the Australian Stock market would likely be on the sidelines as there would be some reluctance ahead of the RBA interest rate pronouncement at 2:30PM AEST.
Australia's Reserve Bank has maintained its benchmark interest rate for a sixth straight meeting as signs of slower domestic economic expansion dims with the slowdown in the U.S. and China.
A recent audit conducted by the Petroleum and Gas Inspectorate on some 2719 wells across Australia revealed generally positive results, with a number of facilities yielding some leakages though not reaching the flammable levels as assured by the agency’s inspectors.
Markets in the Asia-Pacific region have remained quiet at the end of Monday's trading as public holidays in China, Hong Kong, and South Korea have kept only Tokyo's Nikkei and Australia's S&P 500 working until the afternoon.
The Australian government's plans to implement a carbon tax is facing strict opposition from the states with voters labeling Prime Minister Julia Gillard's move a betrayal of her pre-election promise not to implement such a law.
Australia has generated fewer jobs in May, according to a survey made by the ANZ Bank, which was reflected in lower job placements posted online or on newspapers.
Australia's consumer prices slowed down in May that may prompt the Reserve Bank of Australia to keep benchmark interest rates steady at tomorrow's meeting.
he same group, "LulzSec," that attacked Sony Corp's film site also went to destroy an FBI-affiliated Web site in Atlanta in retribution to the NATO alliance's "act of war" against hackers.
The leader of ruling coalition partner the People’s New party said Sunday Prime Minister Naoto Kan of Japan will step down in August.
Australia's workers on the minimum wage should receive a 3.4% weekly increase given the strong outlook for the economy and inflation being well contained, the nation's workplace relations tribunal ruled today. In its ruling, the Fair Work Australia body decided on a minimum wage of A$15.51 an hour or A$589.30 a week. This constitutes an increase of $19.40 per week or 51 cents per hour. In 2010, the minimum wage went up A$26 a week.
Australia’s biggest manufacturing union slammed Tony Abbott’s record of destroying manufacturing jobs by placing ads in every major tabloid newspaper today.
Australia's employers led by an industry group and the retailers association have warned of the possible consequences of the minimum wage increase approved by authorities.
The nation's corporate watchdog is warning financial advisers that there will be more reforms in sight including lifting professional and ethical standards required of financial advisers, financial literacy in school curriculum and releasing more public information about investigations.
The government’s “first-home buyer” motivation only caused a sharp increase in the house property prices, said ANZ Bank’s Australian Chief Executive Phil Chronican.
Australia's Immigration Minister Chris Bowen confirmed that children asylum seekers who have journeyed on their own will be sent to Malaysia for processing. This remains a part of the government’s Malaysian exchange deal on asylum seekers.
TABS Group, Inc., a marketing research and consulting firm has released a new study that points to a 4-to-1 "commitment gap" in the level of support for the recent multi-billion dollar health care reform legislation passed in 2010 by Congress and signed by President Obama. That is, only 8% of those 18 years of age or older noted they are "Very Favorable" to the law, whereas 32% are noted they are "Very Unfavorable," a 4-fold disparity among those with a strong opinion on the m...
MultiCell Technologies, Inc. (OTC Bulletin Board: MCET) announces the issuance of U.S. patent 7,935,528 by the United States Patent and Trademark Office (USPTO) relating to the isolation and use of human liver stem cells to treat liver disease. Under the terms of its license agreement with Rhode Island Hospital, MultiCell Technologies is the worldwide exclusive licensee of U.S. patent 7,935,528.
The American Red Cross is responding in Massachusetts where tornadoes cut a destructive swath through the western part of the state yesterday. At least 480 people spent Wednesday night in Red Cross shelters in Massachusetts.
Japan's already reeling economy could be crushed by over-reaction to the Fukushima disaster, warns radiation scientist T.D. Luckey in the summer 2011 issue of the Journal of American Physicians and Surgeons.
Australia's services sector showed poor signs of improvement, according to the latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®), the seasonally adjusted index fell 1.6 points to 49.9 after a strong lift the previous month (readings below 50 indicate a contraction in activity).
Despite progress made in Fair Work Australia, CPSU has warned today that industrial action in some public sector agencies cannot be ruled out from July 1.
The National Oceanic Atmospheric Administration (NOAA) is predicting another active hurricane season in its just-released annual forecast.
Nationals Senate Leader Barnaby Joyce announced that if ever elected, the opposition would revoke any suggested cuts on the income tax linked with a carbon tax.
The State of Massachusetts is placed under a state of emergency after two confirmed tornadoes hit towns in western areas that left four people dead and destroying houses and buildings across a 40 mile radius.
