Despite uranium spot prices currently trading at below $US50 a pound, Canadian company Cameco Corp., the world's third-largest uranium miner, remained confident demand for the yellowcake nuclear fuel will bounce back.
Bell FX Currency Outlook: The Australian Dollar is slightly weaker this morning, currently trading around USD1.0360 after a quiet night.
Water Minister Tony Burke extended on Monday by two weeks consultation with four states after the deadline for the approval of the fourth blueprint for the Murray-Darling Basin plan lapsed.
Former Prime Minister John Howard has affirmed earlier this August that the Australian economy is at a solid state as claimed by the Labor-led federal government, according to a report over the weekend by the Australian Financial Review (AFR).
The latest Fairfax-Nielsen survey showed the Labor-led national government collecting considerable gains from its dismal performance for the most part of 2012, inching closer to the likelihood of reversing a rousing Coalition win next year.
The Chinese government has set aside up to 2.37 trillion yuan ($373 billion) for investment into energy conservation and anti-pollution projects over the next three-and-a-half years, claimed a report by Reuters on Wednesday, with $155 billion of the money already earmarked for energy efficient projects that could reduce the nation's reliance on coal.
Bell FX Currency Outlook: Weaker Chinese data helped push the AUD below 1.0400 on Friday night but the ongoing threat of more central bank stimulus has kept the AUD above the 1.0400 level this morning.
Twitter user ‘Fresco Jesus’ became an internet sensation after a Spanish grandmother tried-but-failed to restore a 120-year-old church fresco. The century-old artwork, titled “Ecce Homo” (Behold The Man), features a sorrowful Jesus Christ wearing a crown of thorns and looking up to the heavens. The 'worst restoration' has been dubbed, “Ecce Mono” (Behold the Monkey).
They had the chance yet they didn't take it, Prime Minister Julia Gillard said on Friday in direct response to the Coalition demands that more questions need to be answered on the Slater & Gordon affair.
State-run China National Gold Group Corporation (CNGGC) is interested to purchase African Barrick, a unit of Barrick Gold which earlier said wants to offload the company, for $3.9 billion.
Amid a 6 per cent drop in its first half profit due to volatile crude prices, further losses in refining and chemicals as well as weak demand, PetroChina Co Ltd continues to actively scout acquisition opportunities across the border.
Queensland mining billionaire Clive Palmer has pulled out $250,000 cash from his own pocket that he said will be used as seed money for the Hope Fund, which he added should make life a bit easier for thousands of civil employees who lost their jobs recently.
The Australian Capital Territory (ACT) government said on Friday that it has started to collaborate with the Tasmanian government to develop same-sex marriage legislation.
It was too much of a price to pay, as the decision to offload the Dick Smith electronics chain business had dragged full-year net profit of Woolworths Ltd, Australia's largest supermarket chain, down by 15 per cent from a year ago.
In what could be a firm testament to Australia's mining regime deceleration, another buyout acquisition has turned pffft.On Friday, Whitehaven Coal Limited announced that major shareholder electrician-turned-mining magnate Nathan Tinkler and his Tinkler Group is no longer interested in pursuing a takeover bid for the company, worth $5.2 billion or $5.20 cash per share.
Many of the green-on-blue attacks on NATO forces serving in Afghanistan could be the direct handiworks of Taliban insurgents, according to a U.S. marine general supervising the operations of coalition troops in the war-torn country.
The Dow industrials fell the most in more than a month Thursday amid mounting doubts about the prospect of more stimulus from the Federal Reserve and concerns about the sustainability of the market's summer gains. The Dow Jones Industrial Average gave up 115.30 points, or 0.9%, to 13057.46, its biggest drop since July 20
Bell FX Currency Outlook: US Fed Stimulus hopes take a back seat as concerns over the health of the domestic mining industry, and weaker Chinese data weigh on the Australian dollar.
Fairfax Media Ltd., Australia's second largest newspaper publishing firm, has reported an annual net loss of A$2.8 billion ($2.9 billion). A domino effect immediately ensued among investor, sending shares to plummet 5.3 per cent to 53.5 AU cents, its most in two months.
With prices of thermal coal in the international market almost hitting rock bottom, consuming nations such as power crisis stricken India are expected to jump on the opportunity to increase its imports of the raw commodity.
Succumbing to global pressure, China, the world's hub of rare earths, has moved to increase its self-imposed export quota on the precious elements essential to making hybrid vehicles and key household appliances as well as other hi-tech applications.
In what could be a sign of continued investor confidence despite the slackening resource boom, Australia opens to the public today the very first retail concept store of Samsung in the country, and along with it, the much anticipated Samsung Galaxy Note 10.1 tablet computer.
Australia's flag carrier QANTAS Airways has withdrawn orders for 35 new Boeing 787 Dreamliner aircraft in a bid to cut payable responsibilities following a A$245 million ($257 million) annual loss in profits.
David Jones Ltd, Australia's No.2 department store chain and rival to Myer, reported total sales in its Financial Year (FY12) has dropped 4.6 per cent from a year ago.
U.S. stocks erased earlier losses to finish the day roughly flat, as investors rode hopes that the Federal Reserve may act again to stimulate the economy. The Dow Jones Industrial Average ended Wednesday's session off 30.82 points, or 0.2%, at 13172.76, after falling as many as 83 points earlier in the session.
Sex Discrimination Commissioner Elizabeth Broderick said on Wednesday that the present atmosphere in Defence would not allow women to flourish within the organisation. To change this, she made 21 recommendations when she submitted her final report to the federal government.
Bell FX Currency Outlook: The Australian Dollar is currently trading around USD1.0500 as comments from the Federal Reserve during last night's offshore trading session boosted optimism in the markets and offset the glum feeling out of Europe.
Australian public service unions are against a proposal by the Coalition to outsource federal jobs to state governments. Community and Public Sector Union National Secretary Nadine Flood warned of the danger of reversion to a 1980s policy which could result in axing of thousands of federal jobs.
Support by the Australian Capital Territory (ACT) Greens led the passing on Wednesday night by the territory's Legislative Assembly of the same-sex union bill after a long debate.
All in the same plate, only different viands. But no matter, Australia could still very much capitalize on China's growing interest on its agriculture sector as the latter once had on its resources sector.
