The spot inspections that China started last week over the production of rare earth metals in the country will likely affect global supply quotas next year.
Fortescue Metals Group Ltd (FMG) has accused the federal government of handing down undue advantage to Australian mining giants in order to win support for its mineral resources rent tax (MRRT) that aims to collect some $11 billion over the next decade.
India successfully test-fired an upgraded version of its long-range, nuclear-capable missile in the Bay of Bengal on Tuesday.
Like its counterparts in the U.S., Australia's only manufacturer of solar panels is suffering from weak sales due to competition from cheap Chinese solar panel imports.
By this time, everyone's heard of all the good things yoga does to one's body but it doesn't hurt to brush up on the reasons why this activity does more than just your average exercise program. Many celebrities often endorse yoga's advantages such as stress relief, pain relief, better breathing and flexibility among others.
The local share market is recording modest growth mid-session, after a mixed night on world markets. European share markets closed lower after Italian bond yields (borrowing costs) rose and following a lacklustre reading on third quarter economic growth. Wall Street recorded modest gains in a choppy session, with technology stocks the best performers.
The debate in Australia whether to lift the bank on uranium export to India or not continues with pro and anti groups airing their sides.
U.S. President Barack Obama is due to arrive in Canberra mid-afternoon Wednesday for a day-and-a-half visit that aims to renew the world superpower's economic and military influence in the Asia-Pacific region.
Analysts are in agreement that the door was left ajar for rate policy adjustments in the months ahead even as the Reserve Bank of Australia (RBA) November board meeting suggests no prominent hints on another round of rates cut back soon.
A regulatory filing report by Astenbeck Capital Management LLC had revealed the firm had recently bought shares in rare earth metals and uranium mining companies, presumably in a bid to take advantage of the two commodities' foreseen boom.
Global markets were mixed overnight, with Europe weaker, but the US stronger. Softness in the European session came on the back of rising borrowing costs for Spanish debt and reports that new Italian Prime Minister Mario Monti met resistance in forming a cabinet. However, there was a turnaround in the US session on improved optimism around Mario Monti's ability to battle the debt crisis, plus some impressive US economic data.
US retail sales grew by 0.5pct in October, above forecasts for a gain of 0.3pct. Excluding autos, sales were up 0.6pct. Producer prices fell 0.3pct in October while the core rate (excludes food and energy) was unchanged. Both results were weaker than forecasts. And the ´´Empire State´´ business index improved from minus 8.48 to +0.61 in November.
The Duchess of Cambridge is used to wearing long gowns and dresses for events, and here, we take a look back at some of her memorable long gown ensembles.
Recently, the Olsen sisters have been named by Vogue Magazine as the most "fashionable" sisters, but can London's chic Kate and Pippa outshine the Hollwood style mavens?
Pressured to augment India's persisting coal shortages that fail to supply its power plants, Coal India Ltd. (CIL) has committed to produce some 448 million tonnes of coal for fiscal year 2012.
Australian miner Guildford Coal reported an initial JORC Resource of 63.1 million tonnes of coal with coking potential at its South Gobi project in Mongolia.
At least two major Chinese investors in Australia's resources sector expressed having second thoughts of furthering investment plans in the country's mining industry due to the escalating regulatory risks imposed by the mining and carbon tax laws.
Former IMF chief Dominique Strauss-Kahn is again back in the headlines after figuring in another legal battle. This time against the French media, which Strauss-Kahn said through his lawyers had been very "intrusive" of his and his wife's privacy.
Bell FX Currency Outlook:The AUD has opened lower this morning, currently trading around USD1.0200, as investors caution over the European crisis continued
during the offshore session.
The pressure to use low-carbon technologies less damaging to the environment is hitting hard on industries using rare earths in the European Union.
Ivanhoe Mines Ltd. may need to realign projections and production timetables at its Oyu Tolgoi copper-gold mine project to accommodate the construction of a coal-fired power plant.
Minimizing carbon blueprints and espousing energy efficiency are the main selling points of the carbon pricing that the Parliament has voted into laws on November 8.
After a slew of pregnancy rumors, the Palace has already spoken about Middleton's status on producing a Royal Heir.
Market interest in Lynas Corp. has been steadily rising after it announced it is close to its first production output of rare earth metals from its Mount Weld Rare Earth Project.
The Australian Bureau of Statistics (ABS) has announced the near-completion of security upgrades on its existing IT infrastructure that will soon require staffs to utilise smartcards to gain entry on the agency’s system.
The Australian Labor Party is set to reverse its ban on uranium sale to India, according to a Monday report carried by Fairfax media outlets, which also suggested that the turnaround would be in support of Primer Minister Gillard’s ‘Asian Century’ policy.
The local share market is trading in the red in the early session, although the losses aren't as severe as was predicted following losses in European and US share markets overnight. Volatility returned to global markets overnight as investors questioned whether or not the new governments in Italy and Greece would actually be able to solve the European debt crisis. At lunchtime in the East, the All Ordinaries Index (XAO) is down 17.8pts or 0.4pct to 4351.3.
A showdown looms between Australian Prime Minister Julia Gillard and Queensland Premier Anna Bligh over the state's opposition to uranium mining. Bligh said the state has no plan to review or revise the policy.
After news spread that the Royal sister has dumped her longtime boyfriend, Alex Loudon, many are wondering who will replace him in Pippa's long line of hopeful bachelors. Will it be Justin Timberlake or Prince Harry?
Some 3,000 police and soldiers raided and took over two of Brazil's biggest shantytowns Sunday as part of a crackdown against armed drug gangs and security preparations for the 2014 World Cup and 2016 Olympics.