Energy and materials shares led U.S. stocks higher Friday, as the Federal Reserve's bond-buying plan continued to bring out buyers, overshadowing muted retail sales and industrial production data. The Dow Jones Industrial Average rose 53.51 points, or 0.4%, to 13593.37, its fourth-straight daily gain.
Bell FX Currency Outlook: The Australian Dollar continued its firm tone over the weekend as the recent announcement of QE3 by the US Federal Reserve continues to push equity markets higher and the USD continues its downward path.
A new state-of-the-art $6 million IT laboratory has been launched in Hawthorn East in Victoria, Australia which science experts expect will aid the advancement of the country's IT industry.
Treasurer Wayne Swan gave Australia a glimpse of the upcoming white paper on the Asian Century at an address he made at China's Century Conference on Friday. He said the white paper will focus on improving Australia's productivity and resilience through five policy pillars.
China’s Huawei Technologies and ZTE Corp, currently two of the leading global telecommunication firms, have informed the U.S. Congress on Thursday that they were not willing tools at the disposal of Beijing to spy on other nations.
So long as China keeps getting urbanised and demands steel and iron ore to fuel that very purpose, Australia's economy will remain OK.
Tasmania currently holds the unwanted distinction as the cigarette epicentre of Australia and if state authorities would have their way, they would want not only to erase that image but also to create a generation of non-smoking Tasmanians.
Australia, currently third-largest exporter of liquefied natural gas (LNG) in the Asia Pacific region and the fourth largest in the world, has awarded seven new offshore petroleum exploration permits in the gas-rich areas offshore the Northern Territory and Western Australia, Minister for Resources and Energy Martin Ferguson announced Thursday.
Blue chips surged more than 200 points after the Federal Reserve announced a much-anticipated plan to aid the U.S. economy. The news sparked a similar rally in gold while rattling currency and fixed-income markets. The Dow Jones Industrial Average gained 206.51 points, or 1.55%, to 13539.86.
Bell FX Currency Outlook: The US Federal Reserve pulls
the trigger on fresh stimulus measures, boosting risk
assets.
Tasmania's forest peace talks are at the risk of collapsing after the Thursday walkout of a second forestry group, the Australian Forest Products Association (AFPA).
A second former student at Sydney University confirmed on Friday the infamous campus bullying by then losing candidate Tony Abbott on election winner Barbara Ramjan.
Supposed better days ahead for iron ore miners may have to take a longer backseat as prices of the key steelmaking ingredient once again plummeted to below $100 per tonne.
Jitters of a looming recession and escalating slowdown in mining could all the more be fueled as available jobs in Australia's mining industry has fallen, a first in three years.
He was a bully, he was a misogynist and he kept the company of a ‘goon squad’ that was ready to pick a fight for the then university politician and now Opposition Leader Tony Abbott.
Australia's largest department store chain, Myer Holdings Ltd, reported that its full year net profit sank 12.7 per cent to $139.365 million compared from a year ago as it continues to sail through tough conditions in the retailing environment.
Key independent MP Tony Windsor dashed hopes of rushing the super trawler bill in Parliament. If pushed into voting for the measure introduced just this week, Mr Windsor told ABC on Thursday that he would vote against the bill.
Australia lost a good friend when U.S. Ambassador to Libya Christopher Stevens was killed Tuesday during what appeared as spontaneous ‘mob attack’, Foreign Minister Bob Carr said on Thursday.
U.S. stocks inched up to a new high on Wednesday as investors got their first look at the new Apple iPhone and turned their attention to Thursday's Federal Reserve policy statement.
Former university mates of Opposition leader Tony Abbott are not surprised of his aggressive behaviour in Parliament today, particularly against women and gays. A fellow female student at Sydney University, who won over Mr Abbott as president of the Students Representative Council, was quoted in a political essay of her unpleasant experience then with the losing candidate.
Bell FX Currency Outlook: The Australian Dollar is steady this morning after an overseas session that was positive following the German Constitutional Court (GCC) allowing the ratification of the European Stability Mechanism (ESM) to pass conditionally.
While seeking tougher laws to battle Twitter trolls which he experienced, NRL star Robbie Farah himself made a similar offending tweet in 2011 to Prime Minister Julia Gillard.
New Zealanders are now having second thoughts of jumping over to Australia to find work as dreams of an improved life could very well be nipped in the bud by the resource-rich nation's slowing mining activities.
Yes, prices of the safe haven yellow metal gold could possibly hit $2,000 per ounce, or more, in the shorter term as the precious metals gets scarce and rare to access on dwindling global production.
The Malaysian Ministry of Science, Technology and Innovation (MoSTI) have declared to continue holding public fora in and outside the area where the rare earths processing plant of Australian miner Lynas Corp is located despite the temporary operating license (TOL) already having been released to the latter.
New South Wales' Division of Local Government has classified carbon credits to be in the same league as financial products, in effect saying carbon trading is as risky for local councils to trade in.
Bell FX Currency Outlook: The Australian Dollar has risen through USD1.0400 with currency markets sensing the FOMC will announce a third round of quantitative easing tomorrow night amidst news Moody's may consider downgrading America's credit rating.
The federal government is planning to ban the super trawler, Abel Tasman, from fishing in Australian waters for two years under new laws proposed the last minute by Environment Minister Tony Burke.
As with any other proposition lies the advantage and disadvantage of it.Queensland, in a bid to hit its target of a A$1.6 billion ($1.66 billion) in extra revenue as well as reclaim its AAA credit rating, announced on Tuesday plans to raise the royalty on coal beginning October.
South Korea and Greenland have forged on a deal that will aid the exploitation of rare earths as well as other strategic metals.
