Erik Pineda

The International Monetary Fund (IMF) is seeking to further fatten its existing resources, a move that according to IMF managing director Christine Lagarde will provide sufficient buffer in the event a serious downturn will develop from the ongoing Euro crisis.

The initiative pitched by Europe on resolving the threats of space junks that litter over Earth's atmosphere gained conditional nod from U.S. Secretary of State Hillary Clinton this week.

Liberal MP Christopher Pyne called on Prime Minister Julia Gillard to clarify speculations that the change of speakership in the House last year had her prior knowledge, contrary to her earlier claims that shift came as a surprise for the Australian Labor Party leadership.

Global miner BHP Billiton is all set to achieve a record full-year following its incredible iron ore output jump in the first half of the current financial year, the latest production report issued by BHP on Wednesday showed.

China has registered a minimal expansion of 8.9 percent in the last quarter of 2011, giving away signals that the dreaded slow down predicted by economists could finally descend in 2012.

While its competitors either hold off or cut back new investments, Samsung Group boldly announced on Tuesday plans for more investments this year, estimated to reach more than $41 billion, reports said.

Jerry Yang built-up his name by transforming a start-up tech firm into a multi-billion dollar global company, becoming the toast of the tech world in so short a time, which lasted until Yahoo's gradual and eventual decline.

The pokies pre-commitment scheme championed by Independent MP Andrew Wilkie could soon fizzle out following the reported pull out of supports for the gambling reform proposal, media reports said.

It was a case of 'video killed the radio star' scenario as personal computers, latest industry figures showed PCs continuing their gradual decline, no thanks to the rising dominance of mobile devices.

Gloomy market environment and government intrusions were being blamed by the banking sector for the projected job losses that the industry could witness this year, which could run to thousands of job cuts, media reports said.

More and more Australians are opting for fixed home loans as the Australian Bureau of Statistics (ABS) reported this week that fixed mortgage soared to 11.1 percent in November just weeks after the central bank pushed back the country's cash rate.

Tech titan Apple has reported marked improvements on working environments of employees hired by the company's mostly Asian contractors to assemble its bestselling electronic devices. Nevertheless, there is still much needed to be done.

Higher consumer prices last month of 2011 proved the Australian central bank's contention that inflation worries could dominate the initial months of 2012, latest economic indicators showed.

The Australian Capital Territory (ACT) government is so dead-bent on seeing the 2014 G20 Summit in Canberra that it has indicated its willingness to play second fiddle to Sydney to win the gig.

China's coming leadership shifts are all part of its political routine and do not promise fundametal change, says Australian Foreign Minister Kevin Rudd.

Years of protracted courtroom battles and political mudslinging reached their peak on Monday in Malaysia as the country's High Court issued its ruling that the country's leading opposition leader, Anwar Ibrahim, was not guilty of sodomy.

Years of protracted wars and financial dangers force United States to realign military spending but will not weaken armed forces.

Qantas Airways downplayed on Friday possible questions on its flight safety as reports of cracks discovered on wing ribs of its A380s emerged, renewing fears that engine failures could again hit its aircrafts.

China will not abide by the emissions trading scheme (ETS) of the European Union, which took effect on New Year's Day and requires polluting industries to pay specific amount of taxes.

The Australian Labor Party places great importance on industrial relations as shown by the lesser incidence of disputes under the Labor government, according to Workplace Relations Minister Bill Shorten.

Australian scientists revealed on Thursday the 'discovery' of a mineral that was first thought could only be found on Earth's nearest space neighbour, the Moon.

Australia's latest trade surplus posted declines from previous month, achieving only $1.38 billion in November as compared to the seasonally adjusted $1.42 billion in the month before, according to new figures released on Thursday by the Australian Bureau of Statistics (ABS).

The Russian market will have first taste of Samsung's new Galaxy phone - the new Galaxy Ace Plus that experts said derives its look from an earlier version of Apple's iPhone.

The number of apps available for downloads on Android Market reached the 400,000 milestone recently, indicating, experts said, that developers have begun regarding the Google platform equally lucrative as that of Apple's.

Iran has reiterated on Wednesday that the United States will face the full might of its military forces if the latter insists on staying in the Persian Gulf region.

Qantas Airways has revealed plans of loaning significant numbers of its pilots to other international airlines, claiming that they agreed to go on unpaid leave as the national carrier implements measures to reduce its costs.

In Australia, the best-selling vehicle for 2011, according to the latest VFACTS data released on Wednesday, was Mazda 3, which experts and consumers alike praised for reliability without sacrificing the look-factor.

The Australian government urged Fiji's military rulers on Tuesday to restore democracy in the island republic, a day after the country's leader, Voreqe Bainimarama, announced immediate plans of reforms after seizing power in 2006.

A Japanese vessel tagged by authorities as responsible for wrecking a ship inside Australian waters in 2009 has reportedly re-entered the country's territorial zone, reports said.