The Australian sharemarket has kicked off the new trading week a little indecisively with the All Ordinaries index (XAO) down 0.6 pct or 26.5 pts to 4220.2. Most sectors are lower with the mining sector down around 1 pct.
Qatar's first cargo of liquefied natural gas (LNG) has been released bound for China to PetroChina's newly-commissioned LNG receiving terminal at Rudong in Jiangsu province.
Weeks into a lingering stalemate that practically paralysed Qantas Airways’ operation, no deal is yet in sight as both company management and union leaders appear steadfast on pushing for their respective stance.
In an absurd attempt to fight back at federal regulations that greatly limit the amount of junk food that can be served as part of government-funded school lunch programs, Congress has proposed a new spending bill that classifies pizza as a "vegetable." Reports indicate that the bill would allow for just two tablespoons of tomato paste to be considered a serving of vegetables.
The US Transportation Security Administration (TSA) has launched a new pilot program that bribes air travelers to "voluntarily" surrender personal and other information in exchange for an expedited and less-invasive screening experience at the airport.
The announcement that the Federal Government is intervening in the High Court appeal lodged by Bendigo TAFE against the Full Court of the Federal Court decision in Barclay v The Board of Bendigo Regional Institute of Technical and Further Education [2011] FCAFC is set to raise the ire of employer associations and industry.
The Treasury Department said Wednesday that the federal debt has climbed to a record $15 trillion - a staggering figure that caps a precipitous decade-long rise.
The Australian government downplayed the possibility of backslash with its Asian neighbors despite glaring protests howled last week by both China and Indonesia on Canberra’s new security arrangements with the United States.
As the 21-day conciliation process for Qantas and the unions ends on Monday midnight, another strike looms for the troubled Australian air carrier. The Transport Workers Union (TWU) threatened to pursue another round of industrial action unless the company improves its offer.
Australian authorities have launched a probe on the ‘abandoned’ security manual used during U.S. President Barack Obama’s short stay in the country, giving out minute details of the trip including sensitive security measures designed by the U.S. Security Service.
The announcement that the Federal Government is intervening in the High Court appeal lodged by Bendigo TAFE against the Full Court of the Federal Court decision in Barclay v The Board of Bendigo Regional Institute of Technical and Further Education [2011] FCAFC is set to raise the ire of employer associations and industry.
Parliament is set to vote on the $11-billion mining tax measure this week. House leader Anthony Albanese said the vote could be as early as Wednesday as soon as the federal government secured the support of the crossbenchers.
Prices of major commodities remained uneasy as Eurozone leaders continued to debate on how to address their financial crises.
From Craig James, Commsec Chief EconomistMORNING REPORT (6am AEDT) The US leading index rose by 0.9pct in October, well above the consensus estimate of an increase of 0.6pct. Industry orders in Italy fell by 8.3pct in September after rising by 4.2pct in August and rising 1.2pct in July. German producer prices rose 0.2pct in October while the core rate fell 0.2pct - both weaker than expected.
From robot snakes to breathable mattresses designed after honeycombs, more innovative designs are using the art and science of biomimicry. The field of biomimicry has already given consumers hundreds of products and devices that are based on nature.
From Bell FX Currency Outlook:
The AUD has opened little changed from Friday around the 1.0000 level, with financial markets subdued and attention more focused on politics in Europe and America.
Africa, hungry for acceptance into the big league of nations with high economies, has sprung on every possible merger and acquisition (M&A) it can hold or get into, a strategy very reminiscent of China two decades ago.
Queensland Mining Corporation has gained approval from major shareholder Tulla Resources to push through company works towards the development of the White Range Copper Project.
As the world fiscal crisis continues to shake developed economies, emerging economies are left to fend for themselves.
Multi commodity explorer and miner Alkane Resources is edging closer toward development approval for its Tomingley Gold Project.
Prices of iron ore continued its 13th straight day winning streak, in what seems to be a rosy picture again for producers, encouraged on by strong demand from top buyer China.
Global miners BHP Billiton Ltd, Rio Tinto Group and Vale SA had received requests from China Steel Corp (CSC) to suspend or reduce the deliveries of iron and coking coal because of a slow output requirement for the raw materials.
For this year's Guinness World Records Day, the inadvertent theme was taking back records to for a sense of community and countrywide pride-there were Irish leprechauns and a massive tea party from Britain.
Santos Mine informed a Parliamentary inquiry that it will back out of a planned coal seam gas (CSG) pipeline pipeline project in New South Wales's (NSW) central west.
China has been given the go-signal to resume the construction of its nuclear power plants that were discontinued earlier this year prompted by Japan's Fukushima crisis in March.
Foreign Minister Kevin Rudd said on Thursday night that Prime Minister Julia Gillard’s decision to overturn Australia’s uranium sale ban to India was the latter’s initiative and he was not fully consulted on the matter.
Afghanistan's mining ministry has shortlisted the number of foreign investors interested to explore its iron ore rich Hajigak mine, and it is likely the mine will go to an Indian firm.
Determined to attract more investment and tourism to Sri Lanka, the country would ease its foreign ownership restrictions on land ownership.
Full competition in the telecom industry has resulted in almost 50 per cent drop in average mobile voice price, a report released on Friday said.
Dozens of anti-government protesters stormed Kuwait's parliament as hundreds of activists protested outside demanding the resignation of the prime minister and dissolution of the legislature on Wednesday.
