A survey by the Australian Associated Press showed that most economist are holding on the belief that the Reserve Bank of Australia (RBA) will give borrowers a breathing room this June and opt for a pause in raising the cash rate as the eurozone debt crisis continues and China’s searing economy raises a lot of questions.
Apple contractor Foxconn has started instituting precautionary and even bizarre measures to protect its workers and business in the aftermath of reported nine suicides this year at the company’s giant facility in southern China.
Beijing has suddenly become hesitant in buying more Euro reserves and is reportedly set to re-evaluate its holdings of eurozone debt amidst the worsening sovereign debt crisis in Europe as representatives of China’s State Administration of Foreign Exchange (SAFE) met with foreign bankers based in the Chinese capital to shed light on the issue.
It may not be something to celebrate about but thanks to the financial crisis, Australia’s greenhouse emissions has dropped by 2.4 percent last year though conservationists weren’t too happy at all at the prospect of a rebounding economy, which should mean that those unwanted gasses should spew out again and only the sky is the limit.
A new United Nations (UN) report published on Wednesday said that the world economy is poised to recover from last year’s crunch with up to three percent growth this year and 3.2 percent improvement by next year, while warning at the same time that only a solid recovery could recoup job losses and fill the production backlog created by the deep recession.
The US climate change representative said Wednesday that all countries must adopt transparency and accept external reviews of their greenhouse emissions, leaving note that global cooperation is very important to ensure that the worldwide campaign for carbon intensity reduction is heading to the right direction.
The Australian Securities & Investments Commissions (ASIC) has released a consultation paper comment on the proposed operation of its Markets Disciplinary Panel.
Citing changes in federal government policies and uncertain economic conditions, figures furnished by the Australian Bureau of Statistics (ABS) on Wednesday showed that net overseas migration (NOM) to the country reached 305,900 in the past 12 months leading to end of March 2009, and should slide down by end of the year.
The Australian police has charged a circus acrobat for allegedly knowingly spreading HIV thru unprotected sex with hundreds of women wince contracting the virus in 1997.
The Israeli ambassador Yuval Rotem returned to the Canberra on Wednesday to meet with Australian officials over the expulsion of a Mossad chief from the Australian capital for allegedly using fake Australian passports in the killing of a Hamas official.
The Israeli ambassador Yuval Rotem returned to the Canberra on Wednesday to meet with Australian officials over the expulsion of a Mossad chief from the Australian capital for allegedly using fake Australian passports in the killing of a Hamas official.
Corporate watchdog Australian Securities & Investments Commission (ASIC) published information to better inform investors in 'frozen funds' about their rights in relation to the freezing of funds and to confirm which entities have received relief to assist in the redemption of funds.
Dr Jeffery James Bateson, a former director of WHL Energy Ltd (WHL), has appeared in Sydney's Downing Centre Local Court on insider trading charges brought by Australian Securities & Investments Commission (ASIC).
The controversy surrounding the alleged falsification of Australian passports used in the killing of a senior Hamas official worsened on Tuesday as the Australian Foreign Ministry asked Israel to withdraw a diplomat from Canberra over his reported involvement on the issue.
Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of GLG Partners, Inc. by Man Group plc through two concurrent transactions: a cash merger under a merger agreement entered into among GLG, Man Group and a Man Group merger subsidiary; and a share exchange under an agreement entered into among Noam Gottesman, Pierre Lagrange and Emmanuel Roman, together with their related trusts and affiliated entities and two limit...
Government regulator Australian Securities and Investments Commission (ASIC) filed charges against two men for engaging in trading activities without appropriate license.
The US Senate, voting by 59-39, has approved on Thursday a comprehensive reform bill poised to overhaul financial industry regulations amidst calls from many legislators and economic analysts to check the excesses of Wall Street, which are blamed by many as the biggest contributing factor in the 2008 global financial crisis.
Japan’s finance ministry has expressed concern on Friday that the rise of Yen was beyond the country’s expectations as Finance Minister Naoto Kan admitted that the currency’s seemingly uncontrollable upward spirals are causing worries over the global economy.
The Australian government has formalized its intention to expand trade opportunities with Chinese companies, particularly in the area of low-carbon investments. Australian Trade Minister Simon Crean made the statement at the launching ceremony of Australian Unlimited, a national image promoting event, in Shanghai.
The Full Court of the Federal Court of Australia has dismissed an appeal initiated by Mr Brian Malcolm Culley challenging the decision of the Australian Securities and Investments Commission (ASIC) to disqualify him from managing corporations for two years.
China has received an assurance from Trade Minister Simon Crean that the Federal Government's proposed resource super profits tax will not hurt steelmakers when purchasing iron ore.
Three thugs thought they would have it easy ganging up a hapless young medical student. Until they met a group of crime fighting ninjas.
Iron ore miner Rio Tinto agreed with several miners that appearing before the Federal Government for consultations regarding the proposed 40 per cent rent tax is “a waste of time.”
Australia's Foreign Minister Stephen Smith on Thursday said that the government would remain impartial in the wake of the continuing violence in Thailand between the sitting Abhisit government and the Reds protesters.
China maintained its hard-line stand against revaluing the Yuan amidst longstanding pressures from the US and Europe and instead pointed fingers on the soaring American debt levels, which Beijing described as possible source of more and graver economic concerns.
The Reserve Bank of Australia (RBA) has hinted of leaving the interest rate at its present level until June on the back of the continuing debt crisis in Greece and the weakening euro.
The author of the controversial proposed 40 percent tax on resources particularly in the mining sector, has warned on Wednesday against tinkering with the new tax measure. Treasurer Ken Henry said the mining tax is facing the risk of becoming into a net tax subsidy for resource companies if the government gives in to the demands of the mining industry.
The former director of International Consulting Group Pty Ltd (ICG), Dr Anula Daui Kumari Kauye, was ordered to stand trial after being charged by the Australian Securities and Investments Commission (ASIC) on fraud.
Conservationist have scored the federal government’s decision to permit oil drilling off Margaret River in Western Australia despite assurance from the resources ministry that the project will observe the strongest safety and environment protection regulations in place.
The Australian government has announced plans to overhaul its immigration policy aimed at attracting "people we need" and not by people who by the virtue of low-value education courses, seeks a permanent residency in the country.
