RBA: Currency Intervention Not an Immediate Option for Now
The central bank is not keen on forcing the Australian dollar to assume values that were inconsistent with the dictates of market forces, according to Reserve Bank of Australia (RBA) Deputy Governor Philip Lowe.
Construction Activity Contracts Anew, Posts 21st Month of Declines
Australia's construction activity further weakened in February, notwithstanding the rate cuts introduced late last year by the country's central bank, which failed to boost housing and commercial building projects in the past few months.
PM Gillard All Ears on Business Community Feedbacks
Prime Minister Julia Gillard has indicated that she intends to maintain harmonious relation with the Australian business community despite the recent backlash spawned by comments aired by a senior member of her government.
Major Job Cuts Loom over Yahoo's Global Operations
Yahoo's woes continue to pile up and the latest difficulty is poised to hit the company's employees as reports emerged that newly-appointed chief executive Scott Thompson plans to axe thousands of workers soon.
UN Report: 2011 Global Disasters Amount to Economic Costs of $380-B
All combined, the natural disasters that the world saw in 2011 have amounted to a whopping economic cost of $US380 billion, according to a new report issued by the United Nations on Monday.
Mixed Economic Indicators to Prod RBA for a Rate Hold
Australia's business environment has so far sustained its growth pace, expectedly on the back of the ongoing mining boom, but national data also indicated that regions and business sectors were hardly benefitting from the resources boost.
ACCC Flags Bullying Tactics Employed by Coles, Woolworths on Suppliers
There were tell-tale signs that Coles and Woolworths were flexing too much muscle in pressuring suppliers to ramp up their production but without the corresponding benefits.
New NSW Laws Set to Require Female Muslims to Shed Veil
Official dealings with the government must be undertaken with a fully established identity, this according to new laws that will take effect April 30 this year in New South Wales.
Chinese Parliament Set to Focus on Resolving Labour Concerns
The backbone of China's newfound economic might mainly rests on its manufacturing sector, which experts said could face serious skill shortages soon as millions of Chinese migrant workers gradually return to their rural homes.
Global Car Industry to Showcase Fresh Vehicles amidst Mixed Prospects of Growth and Challenges
The global automotive industry needs to deal with likely damning economic realities despite growth projections for the sector this year, according to outlooks furnished by analysts.
Aussie Govt Urges Libya to Prosecute Attackers of Commonwealth War Graves
The Australian government called on its Libyan counterpart to run after the suspected Islamic militants who desecrated dozens of graves in a Commonwealth cemetery, located in Benghazi, where 48 Australian soldiers killed during the Second World War were laid to rest.
Miners Hit Back on Treasurer Swan: 'We Are Not Evil'
The Australian billionaires apparently the subject of the recent essay penned by Federal Treasurer Wayne Swan have hit back and declared that the senior Labor minister was barking up the wrong tree.
Apple, Samsung Score Favours and Setbacks from German Court
Apple and Samsung scored victories against each other before a German court on Friday but the two tussling tech titans also saw legal setbacks hampering their efforts to assert dominance in the ever-growing global mobile device market.
Considerable Spikes Expected on China’s 2012 Defence Spending
China is expected to reveal its 2012 military budget this weekend, which U.S. military experts said could exceed the estimated $US160 billion that the world's second biggest economy spent in 2010 for upgrading its military might.
Inquiry Recommends Media Regulator in Australia be Created
The independent Media Inquiry commissioned last year by the federal government has proposed the creation of a national watchdog that would keep watch on the conduct of all media outlets in Australia - print, broadcast and online.
Report: U.S. Court Rules against Graphic Health Warning Prints on Tobacco Products
As Australia wages its campaign that forces tobacco manufacturers to adopt plain packaging on their products, a U.S. District Court ruled against a similar measure in the United States on Wednesday.
Report: Quake Debris from Japan to Reach U.S. Soil This Year
Household appliances and other debris picked by tsunami waves and carried off to open seas during the massive quake that hit northeast Japan on March last year could soon reach U.S. territories this year and next year.
Apple Market Cap Breaches $500-B a Week Prior to Rumoured iPad 3 Debut
A week before its expected launch of the very much anticipated iPad 3, Apple fuelled enough investors' excitement and saw its shares soaring thereby pushing its total market capitalisation beyond the $500 billion mark.
Australia's PMI Stable despite Manufacturing Slide in February
The Australian manufacturing industry appears to be stabilising in the past two months despite the lingering effects of a rising local currency in the sector, according to the latest Australian Industry Group/PriceWaterhouseCoopers Australian Performance of Manufacturing Index (PMI).
Labor Maintains No Definitive Offer for Bob Carr to Take Foreign Ministry
Prime Minister Julia Gillard flatly denied on Thursday reports that she offered the Cabinet post vacated by Kevin Rudd to Bob Carr, calling media reports about the job offer as "completely untrue."
Stakes Are High for Microsoft on Windows 8
The ball is now on Microsoft's hands as the company scrambled to eke out a place in a mobile computing world increasingly dominated by Apple and Google.
Yahoo Runs after Facebook, Insists on Licence Fees
The patent wars raging between tech firms dominating the mobile device market could spill over in the equally lucrative social networking sphere as Yahoo reportedly sent notice to Facebook this week demanding for licence payments.
Report: Bolting Out of the Desk is a Must for Health of Office Workers
Desk-confined employees would be able to ward off considerable health risks if they take a break every 20 minutes and flex some muscles.
Forrest Fights to Keep Management Turf on Fortescue
Andrew Forrest is in danger of losing the management grip on Fortescue Metals Group (FMG), a mining firm he founded that now holds the distinction as the third biggest exporter of iron ore from Australia.
Report: Poor Well-Behaved than Rich Counterparts
A new study jointly conducted by researchers at the University of California Berkeley (UCB) and the University of Toronto showed that those who have more were most likely to take advantage of their better status while those who have just enough seemed more content and willing to give way, and even share when necessary.
Report: CDC Scientists Claim Discovery of a New Bat Virus
Bats have been hosting flu virus for many years, according to a new research findings published on Monday by scientists working for the U.S.-based Centre for Disease Control and Prevention (CDC).
PM Gillard Urged to Speak Out on Reported U.S. Charges against Assange
Prime Minister Julia Gillard needs to clarify reports suggesting that American authorities appear to have secretly established a case against controversial whistleblower Julian Assange, an Australian national.
Swan: After the Bitter Feud, Labor Can Now Refocus on Governance
Senior Labor leaders have admitted that the leadership showdown between Prime Minister Julia Gillard and former Foreign Minister Kevin Rudd this week drove down a gaping wedge between party members.
Samsung Admits Letdown on Galaxy Tabs, Hints Focus on Galaxy Note
Samsung had a sobering admission this week: Apple is getting its way in the ever-expanding tablet market, with one company executive conceding at the ongoing Barcelona Mobile World Congress that the Galaxy Tab product lines were not selling as expected.
ACCC Gives the Green Light to $11B Telstra-NBN Deal
Barely a week after Telstra Corporation submitted its revised structural separation undertaking (SSU), the Australian Competition and Consumer Commission (ACCC) gave its approval for the $11 billion deal between NBN Co and the country's dominant telco to go ahead.