POLITICS & POLICY

Global Markets Overview - 11/18/2011

Global markets slid overnight, on the back of a deepening European debt crisis. Borrowing costs in Europe continued to rise, keeping investors at bay and causing heightened risk aversion. A euro-area official was reported as saying there are no plans for aid for Italy from the EFSF, and the Super Committee talks in the US have reportedly stalled with less than a week until the deadline to propose a plan to cut the deficit. Everything just seems to be going wrong at the same time.
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Foreign Companies Vie for Madagascar Rare Earths

At least four foreign resource firms have expressed interest to conduct talks with Mumbai-based firm Varun Industries after it announced the discovery heavy minerals reserves at its blocks in Madagascar.

Junk Food Ads Still Within Reach of Aussie Kids

Despite existing self-regulation adopted by the food processing industry in 2009, television food advertisements promoting the so-called junk foods still make their way to considerable number of Aussie children, a new study said.

India’s April – Oct Iron Ore Exports Fall 25%

Falling global prices of iron ore as well as internal country problems had hurt India's mining industry as exports of its iron ore dropped 25 per cent to 35.38 million tonnes from April to October, the Federation of Indian Mineral Industries (FIMI) said in a statement.

Royal Amnesty Sets Thaksin Return to Thailand, Crisis Looms

An alleged attempt by the Thai government to bring back ousted prime minister Thaksin Shinawatra from exile in Dubai through a royal amnesty has been exposed disgusting the opposition and raising the spectre of another political crisis.

Biker Group Lauds Sydney for Excellent Cycling Program

For millions of bike riders across Australia, local government efforts of ensuring for a cycle-friendly environment has become a norm for most of the country’s key metropolis, according to a new study issued this week by Bicycle Network.

Top 6 Unusual Vending Machines Around the World

Vending machines have come a long way from their roots. From their simple beginning as a way to sell postcards in the late 1880s, vending machines now sell everything from a pack of gum to shiny new cars.

Australian Average Wage Annual Growth was 3.6%

The average salary of Australian workers grew by 3.6 per cent yearly, newly released date from the Australian Bureau of Statistics said. The rate is almost the same as that of inflation rate which means wage growth was just modest and manageable.

Commodities Summary – Oil Up, Gold Down, Copper Flat

On Wednesday, US oil prices jumped to five-month highs triggered by a US pipeline stake sale that traders surmise could potentially reduce transport blockages and boost demand for US and Canadian crude.

Brazil, US Mines Being Eyed by India’s NMDC

After it successfully bought a majority stake in Australia's Legacy Iron Ore in September, India's largest iron ore miner NMDC Ltd. pursues its aggressive expansion plans of acquiring overseas mines, this time eyeing companies in Brazil and the US.

Sierra Leone's Iron Ore Industry Back in Business After 30 Years

London-listed company African Minerals recently achieved a remarkable milestone with its shipment of a first batch of iron ore from its mine in central Sierra Leone, the country's first export of the commodity after almost 30 years.

2,500 U.S. Marines to be Stationed in Australia by 2017

The buildup of U.S. Marines permanently stationed in Australia will start next year with the arrival of 250 soldiers rising to 2,500 by 2017, U.S. President Barack Obama and Prime Minister Julia Gillard jointly announced Wednesday night.

Australian Dollar Outlook - 11/17/2011

Bell FX Currency Outlook: The Australian dollar looks at risk of heading back down through the parity level in the short term.

Global Markets Overview - 11/17/2011

From IG Markets: Global markets were weaker overnight in a choppy session which saw headline risk prevail. US markets had pared losses on the back of comments from Boston Fed President, Eric Rosengren, which suggested that we may see coordinated action by the Fed and the ECB to help solve Europe's problems. However, US markets stalled their recovery into the close after Moody's downgraded the senior debt and deposit ratings of 10 German banks, and reports that the Super Committee talks h...

Australian Stock Market Report - 11/17/2011

From Craig James, Commsec Chief EconomistMORNING REPORT (8am AEDT)US industrial production rose by 0.7pct in October, well above forecasts centred on a gain of 0.4pct. US consumer prices fell by 0.1pct with core prices (excludes food and energy) up 0.1pct. Both results were broadly in line with forecasts.

Auctioned Online: A Collection of Late Actress Elizabeth Taylor's Jewellery Collection [Jewerly Collection Photos]

Elizabeth Taylor's love affair with jewellery rivals that of her love affair with men and is as famous as the Hollywood icon herself. This year, auction house Christie's is doing something a little different by auctioning off her jewellery online. The "Crown Jewels of Hollywood" collection will be divided into halves; an estimated 1,000 pieces will be auctioned online, something that he house has never done before.

Wedding Frenzy to Jack Up Gold Jewellery Sales in India

Gold traders in India are preparing for a deluge of customers eager to buy the yellow metal as this year's annual wedding and festival season is expected to further boost sales of gold jewelry around the country.

Atlas Acquires 90% of Pilbara Iron Ore Prospect

Atlas Iron Limited has announced it has acquired for A$2.1 million in cash a 90 per cent stake from Gondwana Resources Limited to own the Corunna Downs DSO Project in the North Pilbara in Western Australia.

Unstable Supply of Rare Earths Likely in the Future: Study

World industries dependent on rare earth elements, so named because of their scarcity and high value, will be facing an uncertain future as supply could be disrupted by technical, environmental and financial factors.

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