Australian Parliament approves $5.6-B flood levy
The Australian Parliament has approved the Commonwealth Government's Flood and Cyclone Levy Bill, which has earmarked some $5.6 billion in funds for the reconstruction of severely damaged townships.
Australia convicts Ponzi scam perpetrator to 13 Years in prison
Australia's controversial financial director linked to a Ponzi scheme charged of owing investors of as much as $68 million has been convicted of more than 13 years imprisonment.
Australia Senator Xenophon files inquiry on ASX takeover by Singapore
Australia's senator Nick Xenophon has filed a motion today seeking a parliamentary inquiry into the proposed takeover-merger of the ASX Ltd. (ASX) by the Asian bourse Singapore Exchange Ltd.
Australian agency assures Japan food imports safe
Australia has moved to reassure consumers that food imported from Japan was safe to eat, saying the chance of products being affected by radiation was 'negligible'.
Qantas workers union lodge grievances before negotiations with owners
Creating an early scenario of bargaining before formal negotiations begin in the second quarter of this year, Australia's Transport Workers' Union is seeking an assurance from the management of Qantas Airlines for job security.
Japanese veggie exports from Fukushima, 3 Prefectures suspended
The Japanese government has ordered Fukushima and three other prefectures today to suspend shipments of spinach and another leaf vegetable following the detection of radioactive substances in the produce at levels beyond legal limits,
G-7 Finance ministers to intervene, prop up Japanese yen
The Group of Seven (G-7) Finance ministers had agreed to intervene in the markets to stabilise the Japanese yen that would help hasten the economic recovery efforts of the country as it struggles to rebuild after the devastating earthquake.
Japan's water cannon strategy helped stabilize nuclear reactor
The water cannon strategy may have prevailed in cooling the damaged nuclear reactors in Fukushima Dai-ichi nuclear plant in Japan. However, the situation remains serious until the reactors had all been stabilised, the United Nations International Atomic Energy Agency said.
UN council approves use of force against Libyan air strikes
The United Nations Security Council has voted today for the United States military and its allies to use force against Libyan leader Muammar's Qaddafi's air troops to help protect the civilians threatened by the raging conflict.
Japan tries air, land tactic to quell nuclear disaster
Pursuing a dangerous tact to quell a nuclear disaster, Japan has used helicopters to cool down the nuclear reactors at the Fukushima nuclear power facility.
Macquarie Group chairman Clark resigns
Macquarie Group has announced today that its chairman David Clarke has formally stepped down from his post to address some personal health issues.
Christchurch City will not host Rugby World Cup
The Rugby World Cup games will be moved to Auckland and other parts of New Zealand as the city of Christchurch still reels from the devastation of the Feb.22 earthquake.
Aussie dollar loses parity with US dollar
The gains attained by the Australian dollar to reach parity along with the US dollar had been wiped away by the volatile pessimistic markets.
UN Atomic Agency Steps In to Help Japan
The United Nations had stepped in to help Japan's deepening nuclear power plant crisis. A meeting will be convened today in Tokyo with government authorities and the UN-led International Atomic Energy Agency.
Australia assists Malaysia to strengthen Police force
The Australian government has announced concrete plans provide training assistance to Malaysia to strengthen its police force and fight transnational crimes including people smuggling and terrorism.
Australia's Training Assistance for Workers Intensified
The Federal Government's positive response to the National Resources Sector Employment Taskforce (NRSET) is a serious one which will be welcomed by industry.
Queensland rebuilds state for US$6B
It will take two years and a budgetary allocation of no less thanUS$6 billion to rebuild the state of Queensland after the devastating floods, Premier Anna Bligh said today.
Search and rescue for 145 Australians in Japan hampered by new temblors
Australians numbering 145 are still unaccounted for in the Japan earthquake as rescue operations are hampered by new aftershocks with 5.7-magnitudehit the city of Tokyo this morning.
No More Free Online Digital Music?
Music and record-producing companies will soon realize the untapped potential of digital music subscription that will also curb the availability of free music downloads online.
Should you make the shift to Microsoft's Internet Explorer 9
Web developers will get the most benefit with Microsoft's Internet Explorer 9 (IE9) launched early this week.
Bankers group lauds gov't website
The Australian Bankers' Association (ABA) said the new MoneySmart website will be a helpful resource for consumers who access financial literacy information online.
Bankers group lauds gov't website
The Australian Bankers' Association (ABA) said the new MoneySmart website will be a helpful resource for consumers who access financial literacy information online.
AustralianSuper Fund steps up to serve Australians best
The merger of the Australian Retirement Fund (ARF) and the Superannuation Trust of Australia (STA) has created an industry behemoth that seeks to serve all of Australia's working class. AustralianSuper is still working hard to keep step with the demands of its members that encompasses all industries in the country.
BHP Billiton pays out dividends
Mining giant BHP Billiton Ltd. (ASX: BHP) has announced dividends to be distributed to shareholders amounting to 45.935919 Australian cents.
What's the deal with discount coupons?
Hunting for bargains, discounts, and or major freebies on the Internet, opens a lot of doors to Australian consumers looking forward to discounts and even freebies in their favourite restaurants and supermarket chains all over the country.
Safety of Japan-based Aussies still being verified
Japan-based Australians numbering 1825 were attested to be safe by the Department of Foreign Affairs and Trade. Nevertheless, some 900 Australian citizens are still being sought in the earthquake-devastated townships in northeast of Tokyo, Japan.
Gunns Ltd's $2.5-B pulp mill gets green light
Integrated forestry company Gunns Limited (ASX: GNS) today announced the Federal Government had granted the final environmental approvals for the proposed Bell Bay Pulp Mills, estimated to require some $2.5 billion in investments.
Australia's unemployment eases in February
Australia's jobless rate has been steady and with only the part-time positions getting a nudge down and Queensland floods setting an impact and distorting the data, reports from the Australian Bureau of Statistics indicated.
Westpac expands niche with Bank of Melbourne revival
Gearing to expand its niche and establish a multi-brand strategy this year, Westpac Banking Corp has announced plans to revive the Bank of Melbourne in Victoria and spending some $90 million for this undertaking.
No delays in carbon tax pricing--Australian Parliament
The Australian government is keeping its target date in implementing a carbon tax in July 2012 in spite a petition from industry sectors to postpone it.