POLITICS & POLICY

Sydney Man Extradited to Indonesia over Child Rape Allegations

A Sydney man, who is suspected to have raped three male students in Indonesia, has been surrendered to Indonesian authorities last week. The Indonesian government has requested for his extradition since 2008, according to the Sydney Morning Herald.

Asia-Pacific Markets Overview - 10/26/2011

Uncertainty over how much progress European leaders are making in these debt talks is likely to dominate trading today. The more cyclical stocks are likely to struggle, after financial names led markets lower overnight. Financials leading the falls is symptomatic of disappointment in European talks to avert a crisis. This theme is likely to extend to our local banks. Apart from gold, most metals were weaker, which is likely to see our miners struggle. Oil was a surprise gainer in a risk-off sess...

Global Markets Overview - 10/26/2011

U.S. stocks pushed lower Tuesday afternoon as hopes for a big solution to Europe's debt crisis waned following the cancellation of a scheduled meeting for European Union finance ministers. The Dow Jones Industrial Average fell 134 points, or 1.1%, to 11779. The losses come after the blue-chip Dow rose more than 400 points over the last three trading days.
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PM Gillard Backs Revision of British Royal Succession

Heirs to the British crown should be given equal opportunity to ascend to the throne regardless of their gender and religious belief, according to Prime Minister Julia Gillard, who also threw her support behind a spirited campaign to revise outdated royal succession rules.

RBA: Interest Rate Cut Possible but Timing is Key

Reserve Bank of Australia (RBA) Deputy Governor Ric Battellino hinted on Tuesday that the Australian central bank may lower the cash rate. He said that the release on Wednesday by the Australian Bureau of Statistics of the consumer price index (CPI) would be a key for the RBA to determine easing monetary policy.

Cash-strapped WikiLeaks to Shut Down

WikiLeaks no longer has money to operate and may shut down by December if cash donations does not come in soon, its founder Julian Assange announced in a press conference in London on Monday.

Australian Dollar Outlook - 10/25/2011

Bell FX Currency Outlook: The AUD has risen to a six-week high overnight on the back of strong gains in commodities and continued optimism on an impending solution for Europe.

Global Markets Overview - 10/25/2011

U.S. stocks jumped Monday, pushing the Nasdaq Composite into positive territory for the year and the Standard & Poor's 500-stock index to the cusp of it, though stocks moved off session highs in late trade. The Dow Jones Industrial Average advanced 78 points, or 0.7%, to 11889 in late afternoon action. Caterpillar was leading blue chips, gaining 4.8% after the maker of construction and mining equipment reported third-quarter earnings that beat expectations and raised its outlook for the year....

Australian Stock Market Report - Morning - 10/25/2011

A reading on the Chinese manufacturing sector lifted sharply in the latest month. HSBC´s China Flash PMI rose from 49.9 to 51.1 in October. Any reading above 50 suggests stronger growth in the manufacturing sector.

Australian Dollar Outlook - 10/24/2011

Bell FX Currency Outlook: The AUD has opened above 1.0300 this morning, as financial markets continued to look for a positive resolution of the European debt crisis, following the weekend's EU emergency summit.

Australian Stock Market Report - Morning - 10/24/2011

MORNING REPORT (7am AEDT)French President Nicolas Sarkozy has backed down on demands for the European Financial Stability Facility to be able to borrow from the European Central Bank to address the region´s debt crisis. European leaders will meet again on Wednesday evening to finalise a solution to the debt crisis.

Europe's Future: Scenarios After the Brussels Summit

With so much at stake for the entire continent, Eurozone nations are working hard to come up with solutions that could at long last resolved the prolonged economic crisis which may lead into another global recession.

Australian Stock Market Report - Afternoon 10/21/2011

The local share market traded virtually sideways today, as investors stayed out of the market ahead of a key meeting of European leaders at the weekend. The All Ordinaries Index (XAO) lost 3.4pts by close to 4203.4 while the S&P/ASX 200 Index (XJO) fell 3pts to 4141.9.

U.S. Navy Expels 64 Sailors Using Designer Drug ‘Spice’

Sixty-four U.S. Navy men, including 49 assigned aboard the aircraft carrier that buried al-Qaeda leader Osama bin Laden at sea, have been expelled for using, possessing or selling the designer drug called "spice" that mimics the effects of marijuana.

Occupy Melbourne: Riot Police Drag Protesters off City Square

Chaos broke out Friday at Melbourne City Square after police charged at Occupy Melbourne camp, tearing down tents and shacks outside the Town Hall. Protesters have spread up to the intersection of Swanson and Collins Sts, arms locked together in a human chain, refusing to move even as riot police stood just a metre away from them.

The Queen Meets with Gillard Friday; Chatter Continues on Curtsying or not (VIDEO)

The Queen will meet Prime Minister Julia Gillard at Government House for an informal discussion Friday, and it is going to be a private meeting. The media has been passing on jokes that curtsying could not possibly be on the agenda, but the people in general have yet to get over the fact that Ms. Gillard preferred to shake the monarch's hand. "I felt most comfortable with bowing my head and the Queen extended her hand and so, of course, I shook her hand," Ms. Gillard said.

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