POLITICS & POLICY

Global Markets Overview - 12 February 2013

Declines in energy stocks helped push major benchmarks lower, a soft patch that follows the Standard & Poor's 500-stock index's longest stretch of weekly gains since August.
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No Hike in Insurance Premiums, Assures Australia’s Insurance Industry

The Insurance Council of Australia (ICA) has assured Australian stakeholders and consumers that there would be no hike in insurance premiums even as it faces some $674 million worth of claims from victims affected by the recent floods and fire disasters that hit at least three various states of the country.

Australian Dollar Outlook - 8 February 2013

Bell FX Currency Outlook: The Australian Dollar fell to USD 1.0273, its lowest level in more than three months, after comments from European Central Bank (ECB) President Mario Draghi caused stock markets to decline.

Global Markets Overview - 8 February 2013

Major stock benchmarks pared sharp losses but remained solidly in the red Thursday, weighed down by growth-sensitive sectors amid worries on Europe and underwhelming data on the U.S. economy.

Star Trek ‘Captain Kirk’ to Real-Time Space Chat with Commander Hadfield

Real life Canadian astronaut Commander Chris Hadfield is all giddy to make a milestone in the history of space science as he converses for the first time via a scheduled space chat rendezvous with fellow Canadian and actor William Shatner, more known as Star Trek's 'Captain Kirk,' yet another prominent icon in the global movie and television history.

Global Markets Overview - 7 February 2013

U.S stocks pulled back as the energy and technology sectors struggled. The Dow Jones Industrial Average declined 31 points, or 0.2%, to 13949 Wednesday afternoon, after sliding as many as 66 points in the opening minutes of trading.

Tsunami Warning Up in Philippines, NZ, Other Nations in South Pacific

Nations in the South Pacific, including the Philippines and New Zealand, have been advised by the Pacific Tsunami Warning Centre (PTWC) to brace for a possible tsunami occurrence following the powerful 8.0 magnitude earthquake that struck off the Solomon Islands on Wednesday.

Australian Dollar Outlook - 6 February 2013

Bell FX Currency Outlook: The Australian Dollar has regained some lost ground overnight as the market digested the Reserve Bank of Australia's decision to leave the cash rate unchanged yesterday at 3.00%.

Global Markets Overview - 6 February 2013

The Dow Jones Industrial Average slumped toward its first triple-digit drop this year, as weakness in technology stocks helped derail a five-week rally for the blue chips

RBA Retains 3% Overnight Cash Rate

As expected, the Reserve Bank of Australia (RBA) adopted a wait-and-see attitude and kept on Tuesday the overnight cash rate at 3 per cent. The central bank made the decision after release of economic data from the U.S. and China which showed some improvement.

Early Dry Spell Saves Australia from Worst of 2013 Floods

If for any consolation to those affected by the recent floods of ex-cyclone Oswald, the flooding disaster would have been far more catastrophic had it not been for the dry spell that Australia experienced in late 2012, according to the weather bureau.

Jamaica, Japan Start Rare Earths Extraction Project

Japan and Jamaica on Monday have formally launched a pilot project to test the commercial viability of the island's bauxite waste, more known as red mud, for possible rare earth elements.

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