BHP Billiton said on Friday that a proposed resources super profit tax by the Federal Government should be scrapped altogether or make some revisions to address “fundamental failings.”
Several Australian banks have told the Prime Minister to do some research before he criticizes them for letting customers pay additional banking fees.
Pushed by strong worldwide demand for Chinese-made clothes and consumer electronics, China once again saw a surge of 48.5 percent on its exports in May, seemingly showing signs that the eurozone crisis has yet to dampen the ever-present hunger for the affordable China export products.
Prime Minister Kevin Rudd challenged Western Australia's Liberal Premier Colin Barnett to find a better alternative to fund infrastructure projects.
The Australian Securities and Investments Commission on Thursday disclosed that it will closely observe trading tools when it takes over the supervision of financial markets later this year.
The IMF warned Asian economies on Wednesday that the European debt crisis could still impact the continent’s financial standing.
The federal opposition called on the government to ascertain that taxpayers would not foot the bill of cleaning up an environmental mishap such as the Gulf of Mexico oil spill once the controversial resources super profits tax is implemented.
The federal government said on Tuesday that mining executives has exaggerated claims of financial crisis once the proposed super profits tax is implemented, with Communications Minister Stephen Conroy blaming the executives for taking down Australia in the eyes of the international community.
The recent workers’ strike in Honda’s Chinese facilities has brought into light two-edged realities for Japanese firms operating in China: increasingly confident local workers would now demand for better pays as China’s economy continues to expand and other industry sectors that anticipate rising incomes to fuel further demands for premium goods.
European Central Bank (ECB) head Jean-Claude Trichet said on Saturday that the world must coordinate its efforts for more effective debt reduction measures in order to regain confidence for the global economy.
US Treasury Secretary Timothy Geithner has called on China to allow its currency to appreciate and take its true form, integrating the policy to a much wider economic reform that would free up Beijing from too much dependence on exports and encourage domestic demands for its products.
Treasurer Wayne Swan continues to oppose against a global bank levy that aims to modify institutions against future credit crises and fund bailouts of financially-challenged nations.
The Queensland government has declared Friday that the Wenlock River would be regarded as a ‘wild river’ and ordered the state’s Natural Resources ministry to set up a 500 metre protection area around Coolibah Springs, with an extended one kilometre exclusion area surrounding the river realm.
Indigenous leaders have expressed worries yesterday that the federal government’s proposed super profits mining tax would turn away mining companies who are in the middle of title claims negotiations with traditional owners of their project sites.
A communiqué draft released by the Group of 20 economic world powers yesterday has cautioned that the ongoing global recovery is still fragile as showcased by recent volatility in the financial markets.
Encouraged by positive indicators coming from the US market and other major worldwide markets, oil prices surged yesterday with New York’s light sweet crude delivery for July hitting $US73.28 per barrel and London’s Brent North Sea steadying at $US74.18 per barrel.
Cape Grim is a cold, windy and isolated place located at the end north west of Tasmania. It is home to some of the cleanest air on the planet and is considered the most significant air measuring station in the southern hemisphere.
Tata Motors of India has announced on Wednesday that the world’s cheapest car, the Nano, would again started rolling out from its new western India plant following the company’s forced desertion of its near-completed factory in Singur, West Bengal which was marred by violent land ownership dispute in 2008.
The movie "Australia" featuring local talents Nicole Kidman and Hugh Jackman may have a failure in the box office, but it sure does help tourism in Australia very interesting to travelers.
The Reserve Bank of Australia (RBA) announced on Tuesday it keep key interest rates 4.5 percent, but analysts said the central bank may resume the most aggressive series of rate increases in the Group of 20 in the third quarter.
The Australia Securities and Investments Commission (ASIC) has resumed proceedings in the Federal Court of Australia against two companies engaged in finance broking.
An independent corruption watchdog report said Wednesday that an ex-officer of the NSW Housing Department should be indicted following its findings that he failed to disclose conflict of interests in work contracts that are worth millions of dollars.
The Japanese government on Tuesday described as "regrettable" Australia's decision to file charges against Tokyo before the International Court of Justice (ICJ) regarding its whaling practices.
Bad news for miners. The government of Australia reiterated its position on Tuesday it will press ahead with the planned controversial resource tax without making significant concessions to the mining sector, Treasurer Wayne Swan said.
AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) have agreed to extend until July 15, 2010 end of day the agreement relating to the proposed transaction whereby NAB will acquire 100% of AXA APH, retain the Australian and New Zealand businesses of AXA APH and sell to AXA 100% of the Asian businesses of AXA APH.
US Federal Reserve Chairman Ben Bernanke urged on Monday members of the Group of 20 world powers to closely coordinate financial reforms in its aim to strengthen the global economy as he leaves note that governments’ international cooperation is a must in overhauling market rules following the global financial crisis.
Cabinet documents revealed on Tuesday that the Federal Government has been planning an advertising campaign for weeks to promote the new tax laws before it declared the controversial new mining super profits tax.
South Korea, China and Japan have stepped up calls for further free-trade talks that could lead to the creation of a unified economic bloc as South Korean President Lee Myung-Bak hosted a three-way summit with Chinese Premier Wen Jiabao and Japanese Prime Minister Yukio Hatoyama.
Following some pick ups early this year, luxury may be back in style as consultancy firm Bain & Company said Sunday that the luxury goods industry sales in 2010 would grow by four percent to 158 billion Euros or $A229.78 billion with much of the sales spikes to be seen within the first half of the year.
A Federal Labor candidate on Monday is hopeful that the proposed resources super profit tax may be amended or revised.
