In what is considered to be the first casualty of the carbon tax commotion, a Melbourne gym has been fined, and paid dearly, for its misleading claims on the supposed impact of the tax to the cost of its memberships.
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’.
Saif al-Islam Gaddafi feared he would be ‘murdered’ by Libyan authorities under the guise of a court trial, according to a new filing lodged by the defence lawyers of Muammar Gaddafi’s son before the International Criminal Court (ICC) on Tuesday.
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.
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.
"This looks even worse than it would normally because there's an impression that India's economy is falling apart right now," a finance executive said.
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.
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.
Caltex Australia Ltd. is targeting a selloff of A$300 million worth of bonds to raise much needed additional capital amid the shutdown of its 57-year old Kurnell refinery in Sydney.
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.
Gay marriage proponents gained further ground as conservative New Zealand Prime Minister John Key said on Monday that, using conscience vote, he would likely support a Labor-sponsored bill on same-sex union.
Approvals for building new home constructions dropped by 2.5 per cent in June, latest data released by the Australian Bureau of Statistics (ABS) showed, but was actually less than what industry experts had expected.
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.
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.
Federal Treasurer Wayne Swan was not convinced that former Labor leader and now Australia’s ambassador to the United States Kim Beazley would speak ill about his own party.
Using the half glass point of view, Opposition leader Tony Abbott insisted on Monday that despite recent survey results showing more acceptance of the carbon tax, many Aussies still dislike the $23 per tonne carbon price.
Bell FX Currency Outlook: The Australian Dollar edged even higher overnight posting a fresh high above 1.0500 against the US Dollar.
Rio Tinto-controlled mining company Ivanhoe Australia on Monday announced it would reduce its budget for exploration spending by $15 million annually.
Westfield, Australia's shopping centre giant, despite the dropping economic winds in Europe, has announced it will embark on a $4.51bn (3.0 billion pounds) expansion thrust in Britain.
Mining companies should stall new investment projects in the face of the continued softening of global commodity prices rather than risk stability and profitability, an executive from the Australian Foundation Investment Co. (AFIC) said.
A report in the Weekend Australian newspaper suggests the world's biggest mining company may pull back on its planned A$30bn mining project in South Australia.
Prime Minister Julia Gillard and Labor got a slight bump in the weekend polls as Nielsen showed the government’s primary votes gained traction by attracting anew 30 per cent of the 1400 participants queried by pollsters.
The Dow average powered past the 13000 mark as investors celebrated signs Europe's leaders are taking action to address the region's debt troubles. The Dow Jones Industrial Average gained 187.73 points, or 1.5%, to 13075.66, closing above 13000 for the first time since May 7.
Former Howard Minister Mal Brough secured over the weekend the Liberal National Party’s pre-selection process in Fisher, positioning a close-ally of Opposition Leader Tony Abbott for a likely comeback to federal politics following half-a-decade of absence.
Residents of South Canberra are opposing the moves of the National Capital Authority (NCA) to create an embassy row at a parkland in the suburb of Yarralumla. The NCA is eyeing the land on Stirling Park near the Old Canberra Brickworks, which residents said should be preserved.
Bell FX Currency Outlook: The risk rally continued on Friday as both Germany and France reiterated their intentions to also do "whatever it takes" to support the EUR after ECB President Draghi's remarks on Thursday.
Eurogroup President Jean-Claude Juncker said the eurozone and the European Central Bank agreed to work together to save the bloc's single currency. The eurogroup is composed of finance ministers of the eurozone.
A second survey in less than one week and barely a month since the Gillard government started to collect the controversial carbon price of $23 per tonne would put a smile on Prime Minister Julia Gillard's face and a frown on Opposition leader Tony Abbott's. The report by Nielsen, released Monday and two days short of the one-month mark of the levy, said opposition to the carbon tax has been easing. Similar findings were reported by the Climate Institute last week.
The Australian government’s indiscriminate policies against human smuggling led to the unlawful incarceration of minor asylum seekers over the past four years, according to a new report issued on Friday by the Australian Human Rights Commission.
Uranium miner Energy Resources of Australia (ERA), which posted net losses by more than 50 per cent in the first half to $59.86 million, remained confident consumer interest in uranium will be renewed, what with Japan already starting to re-embrace it and demand from China continues to grow.
