POLITICS & POLICY

Iron Ore Prices Up On Beijing’s Infrastructure Plan

Spot prices of iron ore jumped like crazy on Monday after Beijing announced over the weekend it would embark on an AU$150 billion ($US157 billion) infrastructure building plan to boost domestic spending, giving iron ore miners hope for better days ahead.
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Japan, Russia Sign $7B LNG Plant Facility

Setting aside a longstanding territorial dispute, Japan and Russia have forged ahead to continue building a $7 billion liquefied natural gas (LNG) plant in Vladivostok spurred by Asia's growing demand for the chilled fuel.

Global Markets Overview - 09/10/2012

U.S. stock markets turned a weak jobs report into positive news Friday, ending higher on expectations that the data will lead to new Federal Reserve efforts to help the economy.

Australian Dollar Outlook - 09/10/2012

Bell FX Currency Outlook: Weaker US data and positive signs out of China propelled the Australian Dollar significantly higher in the offshore session on Friday.

Australian Dollar Outlook - 09/07/2012

Bell FX Currency Outlook: The Australian Dollar rallied after Europe's central bank unveiled an unlimited but conditional bond-buying program to help alleviate the euro zone's sovereign debt crisis.

Gina Rinehart Gets New Title: Queen of Mean

Gina Rinehart has several titles only she could claim such as Australia's richest person and the world's wealthiest woman. However, her recent comments about Australian minimum wage earners and YouTube remarks on the country's global competitiveness earned her a new title - Queen of Mean.

Tony Abbott Keeps Distance from Gina Rinehart’s Wage Ideas

A day after he was accused by Treasurer Wayne Swan of being the loyal servant and paymaster of Australia's richest woman, Gina Rinehart, Coalition leader Tony Abbott kept his distance from the controversial wage ideas of the mining tycoon.

India Considers Slashing Tax on Iron Ore Exports

Two days after the Indian High Court allowed 18 iron ore mines to resume mining activities in Karnataka after a more than a year of suspension on environment concerns, the country is now thinking to reduce the export taxes on its iron ore shipments.

India Mulls Slashing Tax on Iron Ore Exports

Two days after the Indian High Court allowed 18 iron ore mines to resume mining activities in Karnataka, India, the government now considers reducing export taxes on its iron ore shipments.

Australia Gold Output Skids 5% in First Half 2012

Australia's gold output in the first six months of 2012, the world's second-largest producer of the precious metal, fell 5 per cent from a year ago on declining ore grades, construction and commissioning delays and slower than expected ramp-ups of output at a number of properties, international metals consultancy GFMS, a unit of Thomson Reuters Corp., said on Wednesday.

Australia’s Growth Rate Slows in June Quarter

Supposed recession-bound Australia continued to fight off for economic growth, advancing 0.6 per cent in the three months to the end of June, but admittedly was a slow roll for the resource-rich country.

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