The Australian sharemarket lost ground for the fourth time in five days today with the All Ordinaries index (XAO) easing 0.3 pct or 13.1 pts to 4233.6. The market was split in half today with the energy, industrial, healthcare and telecommunication services all ending higher however weakness from the mining and financial sectors was enough to drag the broader market into the red.
Aurora Minerals has announced the discovery of more than 600 meters of broad copper mineralization at its GBO prospect, along with promising intersections at its Pink Elephant prospect from Stage 2 drilling at its Glenburgh Copper-Gold Project in central Western Australia.
For as long as the world mulls the global economy is headed for a recession, panic acquisition of the safe haven yellow metal will continue, pushing demand and prices to further go up.
Australian miner Lynas Corp. had received a pat on the shoulder after the executive branch of government in the Malaysian state of Pahang confirmed its rare earth metals plant pose no harmful effects to the people nor the surrounding environment of Gebeng in Kuantan, Pahang.
Oceana recently called on the 48 fishing member countries of the ICCAT (International Commission for the Conservation of Atlantic Tunas) to protect endangered sharks, tuna and swordfish.
With bilateral relations between China and India increasingly getting beneficial for both, experts from India's chamber of commerce forecast the trade goal set between the two countries may be achieved two years ahead of target.
The proposed minerals resource rent tax (MRRT) is configured by the federal government to spread out the benefits of the ongoing Australian mining boom but collateral damages of the plan could deliver fatal blow to small business sectors, reports said.
Now that the Royal Sister is officially back on the market, many prominent figures are coming up as possible replacements for her long-time ex-lover, Alex Loudon.
It appears that Prime Minister Julia Gillard faces opposition from among the left-leaning members of the Australian Labor Party (ALP) following outright dissensions announced over the weekend by Senator Doug Cameron.
With the forwarded drawdown from $300 million worth of funds to prop up its operations, Australia's OneSteel Ltd scrambles to turn around its operations within 12 months, according to reports.
Peak Resources aims to raise A$3.2 million to fund its 100 per cent acquisition bid into the Ngualla Rare Earth Project in southern Tanzania.
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.
