POLITICS & POLICY

Global Production of Iron Ore Hit All-Time High in 2011

The world's production of iron ore, the key ingredient for making steel, despite continued slump of prices, has achieved an all-time high production record in 2011, according to a latest July report of the UN's Conference on Trade and Development (UNCTAD).
More news

Global Markets Overview - 08/02/2012

U.S. stocks finished a tumultuous day of trading a touch lower, as investors were whipsawed by the latest Federal Reserve policy statement and a raft of trading irregularities. The Dow Jones Industrial Average declined 32.55 points, or 0.25%, to 12976.13 after the Fed's statement. Before the announcement, the blue-chip Dow had been up about 30 points.

It Won’t Probably Be Long Before Greenland Turns Into A Mining Haven

Nations around the world, primarily those in Europe, have been patiently "courting" officials of the home rule government of Greenland for potential access into the latter's natural resources after latest satellite data showed that almost 100 per cent of Greenland's ice sheet surface experience melting over a stretch of four days in July, a report said.

Australia, UAE Enter Uranium Sales Accord

Australia and the United Arab Emirates have entered into a uranium sales accord where Australian uranium will be sold UAE to support the latter's nuclear power programme.

Wayne Swan, Clive Palmer Locked Anew in Searing Word-War

Federal Treasurer Wayne Swan revved up his criticisms of mining magnates, claiming that the likes of Andrew Forrest, Gina Rinehart and Clive Palmer represent ‘unashamed self-interest’ and run in counter with ‘egalitarian patriotism’.

NAB CEO Says Australia Has 10-Speed Economy

In a bid to restore business confidence in Australia, National Australia Bank (NAB) Chief Executive Officer Cameron Clyne insisted the country has a 10-speed economy, not a two-speed economy.

Australian Dollar Outlook - 08/01/2012

Bell FX Currency Outlook: The Australian Dollar is fairly much unchanged today after the currency markets played out a quiet session as they await the meeting outcomes of the FOMC and the ECB.

Global Markets Overview - 08/01/2012

The Dow fell Tuesday, as investors looked past a host of positive economic signals and ahead to the Federal Reserve's policy-setting statement, though the blue-chip benchmark ended July with its ninth monthly advance in 10.

EPA Gives OK to Iron Ore Port Facility Near Karratha

The Environmental Protection Authority (EPA), environmental watchdog of Western Australia, has given its support to the construction of a $6 billion worth 350 million tonne per year capacity iron ore processing port facility near Karratha.

Global Markets Overview - 07/31/2012

U.S. STOCKSJ.P. Morgan Chase dragged the Dow Jones Industrial Average into negative territory, marking the ninth-consecutive Monday the blue chips have closed lower.

Australian Grain Harvest Could Go Down in 2012-2013

Grain growers in Western Australia are unsure they can replicate 2011's favourable production what with a persistent dry weather coupled with frost that could possibly affect overall grain yield for 2012- 2013.

Queensland Public Service Cuts Leave Brisbane CBD Almost Empty

Thanks to Queensland's public service cuts, finding a parking space in Brisbane's central business district is no longer a problem. Besides the lesser number of public servants reporting for work, fewer Queensland residents go to Brisbane for business.

Pages