POLITICS & POLICY

Sarkozy, Merkel Favor Keeping Greece in Eurozone

Although the Greek debt crisis led Moody's Investors Service to downgrade two major French banks Wednesday, French President Nicolas Sarkozy and German Chancellor Angela Merkel have reaffirmed that Greece should stay in the 17-nation euro zone.

New Passport Rule Allows ‘X’ Gender

Good news for Australians whose gender do not fall on the conventional male and female category, new passport guidelines approved by the federal government will now allow them to simply use the letter ‘X’.
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Australian Dollar Outlook - 09/15/2011

The AUD has strengthened overnight after a downward revision in our local CPI data saw the AUD fall to below USD1.0200 during our trading session yesterday.

Abbott: Australia is Better Off Without a Carbon Tax

Australia will have no use of the carbon pricing scheme that Prime Minister Julia Gillard had introduced to the Parliament on Tuesday, according to Opposition Leader Tony Abbott, who claimed that the proposal would even increase local carbon emissions.

Opposition Scores FM Rudd’s Travel Spending and Agenda

Foreign Minister Kevin Rudd’s globetrotting ways in the past nine months have racked up a travelling cost of more than $1 million, which so far exceeded the expenditures posted by his more high-profile counterpart, U.S. Secretary of State Hillary Clinton.

Australia's Business Owners Urge Changes in GST, BAS

On the eve of the Federal Government's October Tax Forum, new research from MYOB has found more than two thirds of Aussie business owners (71%) want the Business Activity Statement (BAS) simplified and three quarters (76%) want to have the GST rules reviewed and clarified; while over one third (33%) said that addressing these concerns would impact their voting intentions.

Taliban fighters attack NATO, U.S. offices in Kabul

Heavily armed Taliban militants took over a building in Kabul's diplomatic district Tuesday and fired rockets at the U.S. embassy, NATO's International Security Assistance Force's (ISAF) headquarters and other embassies. The attack coincided with suicide bombings in other parts of the capital.

Australian Dollar Outlook 09/13/2011

Australia: Yesterday the AUD fell steadily throughout the day as our equity markets posted significant losses. The AUD fell from a high of USD1.0470 early in our trading session yesterday, down to USD1.0320 at the end of the day.

Australian Steelmakers Seek Interest Rate Cuts

Australian steelmakers are seeking a reduction of interest rates and warned that if the Reserve Bank of Australia (RBA) would continue with the current trend, the long-term future of the steel manufacturing industry in the country would be at risk.

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