Esther Tanquintic-Misa

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3rd Quarter Profit of Australia's ANZ Up 10%

Cost cuts and a business expansion in Asia have proven to be an effective business strategy for the Australia and New Zealand Banking Group as third-quarter profit jumped 10 per cent from a year ago.

More Mining Taxes Could Mean More Job Cuts in Queensland

For every cause, there will always be a corresponding, resulting effect.With prices of commodity on the downhill, coupled with growing operating costs, Queensland miners may be forced to slash jobs if only to be able to comply to a proposal to increase mining royalties in the Australian state.

Molycorp Shares Slip Further on Financing Plan

Shares of Molycorp Inc. dropped to a year low on Thursday after the cash-strapped rare earths miner announced on the same day plans of selling a combination of stock and debt in order to raise as much as $517.5 million to help fund operations at its California mine.

BHP Hints of More Job Cuts

Saddled by the continued deterioration of the global market, coupled with a slowing appetite from its major market importer, BHP Billiton has warned it would need to undertake more job cuts at its Australian operations.

China Posts Biggest FDI Decline This Year In July

Foreign direct investment (FDI) in China for the month of July has narrowed down by 8.7 per cent compared to a year ago, latest data released by the Commerce Ministry on Thursday showed, affirming what could really be a slow economic rebound for the Asian country.

India's Low Rainfall to Affect Rice Production, Exports

A looming rice supply shortage could occur in the next few months as the poor monsoon and low rainfall in India, the world's second-biggest grower, hampers the nation's rice output, the International Food Policy Research Institute (IFPRI) said.

Jobs at India Threatened by Coal Importation

India's massive coal importation, spurred by the sector's belief that local coal has poor content and low quality, has led to the unfortunate downsizing of employment in the coal sector.

ILVA, Italy’s Largest Steelmaker to Close Shop, Thousands of Jobs at Risk

A manufacturing plant in Taranto, Italy by ILVA, Italy's largest steel maker, may be forced to close shop after a court ruling released over the weekend ordered the particular plant cannot fabricate steel while in the process of carrying out court-ordered improvements to its production line in light of the environmental and public health hazards it has created to its community.

New Zealand Bonds in China’s Radar

With the economy of New Zealand showing signs of stability and moderate growth, more and more nations are interested to invest in its bond market, particularly China.

Perth is Australia’s Most Expensive Night Out Destination – TripAdvisor

And Australia's most expensive night out destination award goes to Perth, which, according to TripAdvisor's TripIndex 2012, would charge $430.83 for two people just to spend a night at a four-star hotel, tour the city on a round-trip via taxi, get to enjoy cocktails at a five-star hotel bar and enjoy dinner with wine.

China to Set National Pricing System for Rare Earths

Apart from the trading platform it launched to monitor prices of rare earths in the global market, China has proposed to institute a national pricing system for the precious metals that is target for implementation in September.

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