International charity group ARK (Absolute Return for Kids) announced it has raised US$24.4m to finance two new programmes aimed at reducing maternal death in Zimbabwe and infant death in Zambia, and develop new South African education programme with Her Majesty Queen Rania of the Hashemite Kingdom of Jordan
The Australian police has widened its investigation into alleged drug trafficking ring operation involving some personnel of Australia's fourth largest bank, Australia and New Zealand Banking Group (ANZ).
Australians are contributing their share to help in the clean up of the one of the worst oil spill along the U.S. Gulf Coast beaches. Australians are sending their hair, tons of it.
New York Attorney General Andrew Cuomo has launched an investigation on eight Wall Street banks following allegations that they provided misleading information to numerous ratings agencies in order to secure favourable rating on mortgage securities.
An Australian law firm was amazed by the response as more than 1000 citizens an hour are signing up on what could be the biggest class action against banks in Australian history.
Opposition Leader Barry O'Farrel told media on Friday the coalition in New South Wales will continue to contest the government's proposed property tax.
The federal government has scored the opposition’s spending allocations, stressing that they would eventually eradicate the projected federal budget surpluses of about $1 billion on 2012/13 and up to $5.4 billion in 2013/14.
A doctor from New South Wales was sentenced to eight months imprisonment by a Sydney court after he was found guilty of managing corporations while his license to manage was still suspended.
Several unions in the Finance sector raised concerns regarding a planned class action against banks for allegedly charging Australians for more than $5 million in bank fees for more than 6 years.
The Spanish government said today that budget cut measures will take effect soon in order to cushion the anticipated spill over of Greece’s debt issues across the eurozone as Prime Minister Jose Luis Rodriguez Zapatero revealed that public sector wages will be slashed by five percent and frozen by next year.
Treasurer Andrew Fraser of Queensland told media on Thursday he sent several department officials to deal with the super profits tax with the Federal Government representatives today.
Home buyers of New South Wales will face the burden of paying more than $90 million of property tax under the provisions of the Federal Budget.
Opposition Leader Tony Abbot on Thursday will release a reply on the budget while making an impression on the voters.
A study made by Greenwich Associates has found that global foreign exchange markets are migrating to electronic execution since last year as e-trading volumes increased amid a decline in overall FX trading activity.
The Australian Securities and Investments Commission (ASIC) has provided class order relief which will help promote the issue of vanilla corporate bonds to retail investors.
Several West Australian businesses will unite along with the premier and other politicians to pressure the federal government to revise its proposed mining tax law from the budget which was released late on Tuesday.
The federal government confirmed on Wednesday that small businesses will be the first to benefit from the authored tax reform.
Samsung Group announced Tuesday that it is set to invest a total of $US20 billion in healthcare and green energy sectors by 2020, which would create thousands of new jobs as company chairman Lee Kun-Hee hinted that governments around the world are channelling billions to sustainable energy over concerns on the planets dwindling resources.
The State Government is answerable on the financial life-line wanted by electricity retailer, the Aurora Energy.
South Australian Treasurer Kevin Foley said the strategy behind the federal government's proposed mining tax showed some defects.
The opposition leader also criticized Rudd's plan, stating that the budget, which should be released on Tuesday, is based on a $9 billion-a-year new tax on mining companies.
A member of the federal opposition criticized Treasury Wayne Swan's statements regarding the budget which is due on Tuesday night. Mr. Swan promised a “no frills” budget, where it will be steady and predicts a long-term reform.
Members of the Australian Council of Trade Unions call on the federal government to provide a cautious budget with reasonable tax cuts and extra funds for education, health, and skills.
The chief executive of BHP Billiton told reporters over the weekend its concerns regarding the Federal Government's 40 per cent on all profits of the mining companies.
Controversies still loom over Prime Minister Kevin Rudd as a Federal opposition slams him as a “racist” for wanting to stem the flow of mining profits leading to foreign investors.
Queensland Premier Anna Bligh commits to release a preliminary report on Monday about the health's payroll system of Queensland to the public.
Treasurer Wayne Swan told mining industry to calm down and explained that the Labor's proposed resources tax will provide new benefits.
An opposition lawmaker has proposed a ban on burka or full-face Islamic veil after a man carried out an armed robbery using the burka to hide his identity.
A survey made by NERA Economic Consulting firm has shows that the number of securities class action filings in Australia reached record high in 2009 and broke the previous record set in 2008. At least six securities class actions were filed in 2009, which brings the total for 2007-2009 to 14 - exactly half of total number of filings since the first securities class action case was filed in Australia in the early 1990s.
The State Information Centre, a powerful government think-tank, has called on the Chinese government to consider a more flexible exchange rate in order to eliminate worldwide pressure for a stable currency and discourage the entry of speculative funds on China’s economy, which could encounter a slow down by the year’s second quarter.
