POLITICS & POLICY

Australian Stock Market Report - Morning 10/11/2011

MORNING REPORT (7am AEDT)There were solid data readings from major European nations on Monday. Industrial output rose by 0.5pct in France in August with Italian output up 4.3pct - both results well ahead of market expectations. And German exports rose by 3.5pct in August to record highs.

ACCC Closely Monitoring Supermarkets, Telecoms and Airports

The Australian Competition and Consumer Commission (ACCC) is keeping a close watch on the country's major supermarket chains, airports and the telecommunications sector to ensure these service providers do not abuse their market power in the delivery of their services to the paying public.

Australia Urged to Act: Global Warming Damaging Australian Alps

Have skis. But where's the snow?The Australian government and populace may need to consider diverting some of its focus from staging a continuous mining boom to augment its economic stability, to laying down immediate strategies to curb global warming if it wants to save its world-renowned Australian Alps.

Australian Stock Market Report - Closing 10/10/2011

AFTERNOON REPORT (4.30pm AEDT)The local share market posted its fourth win in a row today, kick-starting the trading week on a positive note. Investor sentiment remained buoyant after German and French leaders agreed to do all that is necessary to secure the recapitalisation of European banks. Share markets around the Asian region were generally positive, despite ratings agency Fitch cutting the credit ratings of Italy and Spain. The All Ordinaries Index (XAO) gained 37.3pts or 0.9pct to 42...
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Extract Shares Jump on China’s Takeover Bid of Kalahari

Extract Resources Ltd. is poised for a major investor confidence boost this week as share prices already climbed 10 percent Monday morning amid reports that China Guangdong Nuclear Power Corp (CGNPC) had re-opened talks to acquire Extract's biggest shareholder, Kalahari Minerals, even as CGNPC had earlier stated it is not keen to a takeover bid into the Perth-based miner.

China and Vietnam Agree Over Internet Control

China and Vietnam maybe at odds over claims in the South China Sea, particularly the Paracel and Spratly Islands, but they seem to be agreeing on one thing: taking control of its internet users.

Global Markets Overview -10/10/11

U.S. stocks finished lower Friday and the Dow Jones Industrial Average snapped a three day winning streak, as financial stocks fell sharply and Europe's sovereign-debt problems overshadowed a stronger U.S. employment reading.

Australian Stock Market Report - Morning 10/10/2011

MORNING REPORT (7am AEDT)US non-farm payrolls rose by 103,000 in September, above forecasts for a gain of around 60,000. And revisions led to employment numbers being lifted by 99,000 positions over July and August. The unemployment rate was unchanged at 9.1pct.

Hollywood's A-Listers Turn: Salut Steve Jobs! [PHOTOS]

he entertainment business has a lot to thank Steve Jobs for all these years. The introduction of the PC, iPod, iPhone, iPad has changed the course of media in a far better way that led to appreciation of the arts in a more technologically advanced way. Filmmakers, actors, press people, and musicians have been given new means and avenues to deliver their craft more efficiently and in an almost near perfect rendition.

Russians Hunt Boss of Nuclear Smuggling Ring

Russian authorities are helping track down the mastermind of a uranium and plutonium smuggling syndicate that tried to sell the fissile material to a North African country for possible use in a "dirty bomb."

Former Liberal Treasurer Scores Labor’s Tax Policies

Australia’s economy is stable enough, as compared to the rest of the world, but former Treasurer Peter Costello is all reluctant to credit the Labor government, insisting that the country benefited from efforts of previous governments.

Melbourne Hospital Forced to Downsize

The Age talked to surgeons at Box Hill Hospital, where elective surgery load will reportedly be reduced by 8 per cent this financial year despite a very high demand. The Box Hill plan was brought up after The Age revealed the complaints of an emergency doctor at the Austin Hospital, who said the department was overwhelmed and that he feared being sued for inadequate care.

Mongolia Withdraws Intent to Hike Bid on Oyu Tolgoi

In what seems to be a sudden change of minds, the government of Mongolia had abandoned its plan to acquire a larger stake allocation in the Oyu Tolgoi copper-gold project, ultimately boosting the share prices of its developers, global miners Rio Tinto PLC and Ivanhoe Mines Ltd.

Aussies before Migrants on Filling Skills Shortage - Gillard

Prime Minister Julia Gillard says Australian workers, not migrants, should be prioritized in filling employment requirements. For his part, Jobs Minister Chris Evans warned against reducing skilled migration numbers as this could affect pace of work at the industry, noting jobs are "moving north and west" and there are some areas which are "doing it tough".

Swan Bats for Global Currency Float

In light of the gathering currency tiff between the United States and China, Federal Treasurer Wayne Swan hinted on Thursday that global foreign exchange issues could be resolved by worldwide initiatives that will encourage fluid currency floating.

PM Gillard Sees No Problem on Ken Henry’s New NAB Post

Prime Minister Julia Gillard insisted on Thursday that Ken Henry’s scheduled entry to the National Australia Bank (NAB) board will not run in conflict with the former Treasury secretary’s present role as government economic adviser.

India Expects Australia to Satisfy its Coal Hunger

Australia better get its mining regulation and investment policies in perfect shape and order as well as skilled manpower to the double as global coal demand is seen to be bolstered not only by China, but coal hungers from India as well.

Find Jobs in Australia's New Mining Website

A website targeting to attract workers to Australia's mining industry has been launched as the promise of making at least 750,000 new jobs in the next 20 years will follow Australia's metals and minerals boom.

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