U.S. stocks stumbled toward a fresh three-month low as growing political concerns in the U.S. and European economic weakness offset gains in some technology shares. The Dow Jones Industrial Average fell 110 points, or 0.9%, to 12647 in afternoon trading Wednesday. The Standard & Poor's 500-stock index lost nine points, or 0.7%, to 1365, and the technology-heavy Nasdaq Composite shed 15 points, or 0.5%, to 2869.
Australian rare earths miner Lynas Corp. has announced that the second legal action filed by the Save Malaysia Stop Lynas group against its processing plant facility in Malaysia had been shelved off by the Kuantan High Court. But for some reason, shares of the rare earths miner continued to tumble on Thursday.
Bell FX Currency Outlook: Australian Dollar takes a tumble as risk appetite wanes and followed the lead of equity markets overnight.
Historians through the years have argued that the Civil War decided, once and for all, the issue of whether states could secede from the union, but that hasn't stopped a growing number of Americans from entertaining the notion these days.
As Australia and the United States refocus their priorities toward Asia, Washington will move a powerful radar to Australia from Antigua and a space telescope under a bilateral space deal between the two nations.
The U.S. appears supportive of the security policies outlined by the Australian government, including its recent decision to slash billions in defence budget spending, which is part of the Gillard government’s ongoing efforts to realise a surplus in early 2013.
As expected, activists in Malaysia opposed to the presence of Lynas Corp.'s rare earths processing plant continued to rally on their disagreement, filing for yet again a second application to prevent the Australian miner from using its temporary operating license to fire up the plant in Kuantan.
China's Shanghai Zhongfu Group could be awarded rights to rights to develop the second stage of the Ord East Kimberley Expansion project in Western Australia, The Australian said in unconfirmed reports on Wednesday.
Millions of Crown of Thorns starfish have been found looming around in the central portion of the Great Barrier Reef, threatening to wipe out potential growing and multiplying presence of beautiful corals.
To say it was a sight to behold was more than an understatement. Chasers of the Australian total solar eclipse were merely speechless of the natural phenomenon that occurred on Wednesday.
In Cairns and Port Douglas, thousands of spectators who lined up the shores applauded and burst into tears after experiencing darkness for two minutes with the extraordinary total solar eclipse.
After months of searching for a potential taker, BHP Billiton has finally divested from its diamond business for a bargain price of $500 million to diamond-miner and jewelry-retailer Harry Winston Diamond Mines Ltd.
Home Depot led a rally in stocks tied to consumers' discretionary spending, leading U.S. stock benchmarks higher and fueled optimism about the U.S. housing market.
Bell FX Currency Outlook: The Australian Dollar has risen on improved sentiment regarding Greece's debt situation.
The visibility of the total solar eclipse in Cairns, Queensland in Australia had been a much anticipated event for "umbraphiles," or those who travel across the world to chase eclipses. Click on the accompanying slideshow to see some 10 of the best solar eclipse photos uploaded to Instagram during and right after the eclipse.
In view of the continuous decline in Coalition leader Tony Abbott's approval rating from Australian voters, the Liberals have urged him to change tactics. They believe he should focus on promoting his vision for the country rather than merely criticising the federal government led by Prime Minister Julia Gillard.
Julia Gillard is surging and Tony Abbott is dipping. This, essentially, is the picture painted by the latest Newspoll survey, the results of which were published on Tuesday by The Australian.
Global miner BHP Billiton is facing a two-week work stoppage at its Illawarra Coal Appin Mine unit as some 50 supervisors demand for an 18 per cent increase in their pay.
The Industrial and Commercial Bank of China (ICBC), the world's largest bank in terms of profitability, market capitalisation and customer deposits, has recently opened its first Melbourne branch.
Extreme urgency has been stamped on Australia to iron out a Free Trade Agreement (FTA) with Korea before the years ends as the country's beef industry could stand to lose some $13 million in 2013 as the tariff disparity with competing US beef widens in international markets.
Bell FX Currency Outlook: Aussie opens marginally higher in a quiet overnight session. In Australia, a lack of domestic data and the US Veterans Day holiday saw minor moves across markets overnight.
The silver bullet that could probably end Coalition leader Tony Abbott's ambition to be Australian's next prime minister was likely fired several weeks ago when different powerful females accused him of misogyny. The impact of that silver bullet is now being felt as the latest Newspoll result said that Mr Abbott's voter support has plummeted at its lowest level in three years. The survey said 63 per cent of respondents are not satisfied with Mr Abbott's performance while only 27 per ...
Stocks drifted higher in light trading volume on a bond-trading holiday. The Dow Jones Industrial Average gained 28 points, or 0.2%, to 12844 in afternoon trading. Its rise of 61 points from the session's low of 12783 follows the worst weekly performance for the blue-chip benchmark in more than five months, and the Dow's third-straight weekly decline.
Australian military troops are eyeing to participate in the Philippines' annual "Balikatan" or "shoulder-to-shoulder" training exercises with the US forces, the former's Department of National Defense (DND) announced over the weekend.
Christmas could come in cheery for Australia's state of South Australia as grain harvest in the region is predicted to rake in some $1.8 billion next month.
Prime Minister Julia Gillard is embracing the digital age, declaring on Monday that her government will ramp up efforts to increase telecommuting in Australia, which is in line with the $37 billion national broadband network (NBN) rollout.
U.S President Barack Obama is headhunting following clear indications that prominent members of his cabinet would opt out for a second run at the White House in the wake of their boss’ rousing victory last week.
China is unfairly portrayed as the epicentre of global piracy, a top Chinese official said on Sunday, insisting that there was a misconception and Western media firms are to blame.
As you know, what this country needs is real stimulus...not phoney stimulus. It needs to put more resources in the hands of the productive sector of the economy...not more money in the hands of the zombies.
With only two days left before the big event, a Cairns supplier of solar eclipse glasses is stocking up on his wares as he sees business to go pleasantly haywire on Wednesday.
