Adelaide Airport secured, suspect nabbed
The Adelaide Airport had a brief security concern this morning when a man suddenly broke in with his car crashing into the tarmac. The man suspected of drunk-driving or mentally ill has been subdued by the airport police moments after the said incident.
Darwin Airport strikes new deal with Qantas Group
Darwin International Airport recently announced it had struck a new aviation pricing agreement with
the Qantas Group that would bring in a planned investment of more than $100 million into its airport facilities
over the next 10 years.
Australia gears up law enforcement, counter spy measures
To combat the threat of terrorism and crime, the Australian Parliament has decided to boost the budget of the Australian Security Intelligence Organisation.
Australia stands out in G20, calls for more mining investments
As other countries contend with labour and economic slowdown, Australia conjures on the opposite: Addressing how to downplay the impact of redounding domestic growth on the entire Australian economy.
NSW brace for job cuts, low production to save Murray-Darling River
New South Wales would have to brace for employment cuts and other extreme measures in order to save the Murray Darling river system.
Sexual harassment case vs David Jones,et al may end this week
Australia's biggest sexual harassment case may be ended this week if both parties agree on the terms that plaintiff Kristy Fraser-Kirk and defendants David Jones company officers and former CEO Mark McInnes.
Indophil Resources NL performs after SMC buys $40-M shares
Australian mining firm Indophil Resources NL jumped to the highest in 10 months in the ASX after one of the Philippines' s largest conglomerate San Miguel Corp. agreed a share placement worth $40-million in the company on October 8.
Australia's Property market turnaround soon
Deputy Governor Ric Battelino of the Reserve Bank of Australia is optimistic that there would be turnaround in the property and real estate sectors as an encouraging shift of financing models will pave the way for future growth.
RBA: Interest rates hike maybe inevitable
The relative strength of the Australian dollar against other currencies will not be bogged down by another round of interest rate increases. This was the assurance given central bank Deputy Governor Ric Battellino on Friday.
Local stocks down on profit taking
Local stocks pulled back slightly today, but still mirrored the weakness of Wall Street as the benchmark S&P/ASX200 index was down 10 points, or 0.21 per cent, at 4,681.3 points, while the broader All Ordinaries index had eased 5.9 points, or 0.12 per cent, to 4,740.3 points.
Australia's QR National acquires A$3-B loan facility
Australia's QR National has completed the acquisition of some A$3 billion worth of loans from 11 banks before its planned initial public offering, the company said in statement today.
Chevron's Gorgon output targets Asian LNG market
Chevron Corp.'s liquefied natural gas output from its $42-billion project in northwest Australia output will partly be marketed in Southeast Asia, China, and India.
Labour demand: Australian parliament should consider migration
The employment surge this month also translates to a wake-up call for the Australian parliament to consider its policy on migration as the country now succumbs to higher demand for labour since 2006.
Aussie dollar may rise further, break parity vs US $
The strong performance of the Australian dollar will continue and even inched higher than the US dollar in the next few days if the global economic data due tonight sets a good pace.
Western Australia joint venture with BHP, Rio Tinto Board has no final decision
The Rio Tinto (ASX: RIO) Board of Directors have not made any final decisions whether to pursue or not their planned iron ore venture with BHP Billiton (ASX: BHP) in Western Australia seen to earn and save the companies billions of dollars.
Qantas flight attendants restrain passenger
Attentive and trained flight attendants of Qantas Airlines has secured their 280 passengers bound for Hong Kong when a threat from an emotionally unstable passenger became clear.
Aussie real estate, construction industries will bounce back
The relative weakness in the construction industry may soon be abated, thanks to the Reserve Bank of Australia's decision to keep interest rates steady.
Android users can access eToro Trade Platform (Forex Education)
Android users can now access the eToro's financial trading platform and OpenBook, as its new social trading network.
Wheat giant AWB nears $1.2-B merger with Canada's Agrium
Australia's biggest wheat producer down AWB Limited (ASX: AWB) is now very close to be acquired by Canadian firm Agrium Inc. ((TSX and NYSE: AGU) as the Foreign Investment Review Board (FIRB) gave its nod to the deal.
Retail sales grow at modest pace
Australians consumed more fast food and dined out often in August providing a boost to retail sales, which grew by 0.3 percent, the Australian Bureau of Statistics said.
Aussie trade surplus 35% higher in Q2
Australia posted another trade surplus in August, which would be on its fifth consecutive month on the back of higher exports of coal and lower imports of industrial machines and aircraft.
Australia's employment heats up, more job postings--ANZ Bank
Australia's labour market has once more risen in September on account of job postings on newspapers and the Internet, the ANZ Bank said in a statement today.
NZ Insurer Tower offers to buy rival Fidelity for $118M
New Zealand insurer Tower Ltd. listed in both the NSX and the Australian Stock Exchanges (TWR: NSX/ASX) has announced that it offers to buy industry rival Fidelity Life Assurance Co. for about $118 million.
Bond issue: Sydney Airport successfully raises $965M
The Sydney Airport will be able to meet its debt obligations due in 2011 and 2012 as its issued bonds recently fetched US$ $965 million.
BHP, Rio Tinto seek more time for $116-B joint venture
BHP Billiton Ltd. (ASX: BHP) and Rio Tinto Group (ASX: RIO) has sought a little more time from the competition regulator in order for them to submit another set of documents to make their proposal more viable.
NZ deserves Aaa Credit Rating--Moody's Investors Service
New Zealand's low borrowings and excellent fiscal policy and monetary position have convinced Moody's Investors Service to give it the highest rating of Aaa credit rating.
Australians home building, renovation demand drops
Australian demand for construction or improvement of home building has declined in August as higher interest rates turned off would-be borrowers.
IMF downplays global currency war risk
The International Monetary Fund has downplayed the impact of global currency war among countries, but admitted it is possible to occur.
Corporate bonds spreads has more appealing returns
Market confidence on Australian companies improved further as credit-default bonds fell anew.
Virgin Blue's systems back on track
Australia's second biggest airline Virgin Blue has announced that its reservation and check-in systems are now back in business after another technical glitch occurred early this morning.