It appears that the federal government has overcome another hurdle on its ongoing campaign to split up giant telecommunication firm Telstra Corporation Ltd in preparation for the full roll out of its National Broadband Network (NBN).
Australia will return to a budget surplus by 2013 as driven by a determined and committed Labor-led federal government.
Fanning further the already burning issue of banking controversies, opposition treasury spokesman Joe Hockey said on Friday that he is set to file a legislation that would bolster the power of the Australian Competition and Consumer Commission (ACCC).
Share market reforms were meant to create competition against dominant stock operator Australian Securities Exchange (ASX) and still protect the interests of investors.
The American Republican Party's landslide victory in this year's mid-term elections in the United States will spell trouble for the administration of President Barack Obama.
The Australian Bankers' Association (ABA) said the current debate about banking is long on rhetoric but short on facts. The comments come while Australia's top officials continue to pressure the country's four major banks to ease interest rates as consumers bear the brunt of higher financial service fees on their loans and mortgage debts.
The thought of switching banks was not even considered by most Australians, regarding the move as non-essential and fraught with too much hassle with no clear benefits at all.
The government of Australia may be willing to compromise and put up new concessions on its proposed minerals resource rent tax that will satisfy the country's mining industry.
No less than Australian Prime Minister Julia Gillard has joined the fray in publicly criticising the country's banks for imposing higher rates above that of the Reserve Bank.
Western Australia is poised to reap more financial benefits once it decides to support the federal-sponsored national health reform plan and the same goes with all the other states.
Hollywood actor Morgan Freeman expressed his anger over the claims of a Republican candidate that the actor rendered his voice for a campaign video of the candidate.
Facebook participates in the 2010 US mid-term election through an application on the social networking website VOTE 2010 ABC TOWN HALL.
Federal treasurer Wayne Swan needs to act now to steer a much needed banking reform in the country in light of the record profits being amassed by major banks and their interest rates that seem to veer away from Australia’s official cash rate.
Australian government authorities can only warn banking institutions to temper their rate increases, thus, banking reforms and new rules are now being considered to be in place to protect the public.
The 25 basis points cash rate hike implemented by the Reserve Bank of Australia (RBA) on Tuesday was avoidable if the Coalition was to be believed but it became inevitable as the federal government remained adamant in reducing its stimulus spending to prop up the economy.
State-owned investment management firm Temasek Holdings Ltd of Singapore downplayed the influence of politics on the controversial merger deal between the Singapore Stock Exchange (SGX) and Australian Securities Exchange (ASX).
If a Liberal senator has his way, sharia-style banking should be superseded by the existing financial laws and regulations governing Australia’s banking industry as he vowed for a senate initiative that would arrest the growth of sharia-based loans and financial products being offered in the country.
Microsoft reiterated that it will not be giving political contributions to "527 Groups" as doing so is opposed to the company's political principles.
The federal government needs to fine tune its proposed mineral resource rent tax or even postpone its implementation should it want to improve its stature on state politics, specifically on the mine-rich regions of Queensland and Western Australia.
YouTube released a list of most-viewed videos under News & Politics. All videos in this list of the popular uploading website are "Republican."
Opposition leader Tony Abbott reiterated his commitment to economic reforms as he clarified that such measures must be based on more affordable tax and would generate more jobs and provide the government with more cash to fund disability payments.
Australia's carers have been formally recognised for their contribution to society with the passing of the Carer Recognition Bill 2010 through the Federal Parliament.
The country’s major banks are poised to face a Senate inquiry as the Coalition backed an initiative made by an independent senator calling for an investigation on whether the Australian banking sector is marred by unfair practices being observed by industry players.
Opposition treasury spokesman Joe Hockey is merely adhering on rhetorical populism when called on the federal government to play an active intervention in compelling Australian banks to toe the line on Reserve Bank of Australia’s policy rates.
Three lawmakers joined the snowballing opposition on the controversial $8.4 billion buyout proposal of the Australian Securities Exchange (ASX) by the Singapore Exchange, further establishing hurdles that need to be dealt with by the stock exchange merger.
Peak industry bodies are disappointed with the NSW Government for its changes in the Solar Bonus Scheme.
Australian Prime Minister Julia Gillard met with BHP chief executive Mr. Marius Kloppers on Wednesday in an effort to save the agreement signed with the mining industry now on the brink of collapse.
The Australian banking industry is again facing tough calls from policy-maker led by opposition's Mr. Joe Hockey.
A sluggish day for the Aussie dollar and commodities is seen as the US dollar appreciated with the better-than-expected results of consumer confidence survey and home sales picking up at this time in the United States.
Federal Treasurer Wayne Swan is upbeat that economic indicators were pointing to encouraging developments as he expressed joy that inflation figures were moderating while dynamics in the shares market remain exciting, with the prospect of a likely merger between the Australian Securities Exchange and the Singapore Exchange almost a creeping reality.
