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Rio Tinto lowers iron ore shipment guidance
RIO - Rio Tinto Latest Prices Name Price % Rio Tinto 2,900.00p +10.77% FTSE 100 4,496 +3.01% FTSE 350 2,314 +3.06% FTSE All-Share 2,256 +3.01% FTSEurofirst 300 941 +2.86% Mining 12,296 +10.51% LONDON (SHARECAST) - Miner Rio Tinto said it has revisedmore
Australia court rejects bid to freeze accounts linked to Vanuatu probe.
An attempt by the Crime Commission in the Australian state of New South Wales to freeze 50 bank accounts connected to Vanuatu-based businessman Robert Agius has been rejected by the state?s Court of Appeal. The Sydney Morning Herald reports that themore
Governance 'failing' for Aborigines
Closing the gap between indigenous and non-indigenous Australia will remain a pipedream unless workable and legitimate governance arrangements are created in Aboriginal communities, a book argues. Contested Governance, launched on Monday in Canberra,more
Trial to begin for Sydney terror accused
The crown will on Tuesday open its case against five Sydney men accused of conspiring to commit terrorist-related acts. Crown prosecutor Richard Maidment SC will start outlining his case against the five, who have pleaded not guilty to conspiring tomore
Rudd dodges question over phone leak
THE federal Opposition is continuing to pursue Kevin Rudd over the alleged leaking of a conversation between the prime minister and United States President George W. Bush. Mr Rudd today refused to answer directly a question from Opposition Leader Malcolmmore
Global benefits from China economic boost: Rudd
The Australian Prime Minister Kevin Rudd says the economic stimulus package announced by the Chinese government is very good news for the Australian and global economies. The Chinese government has announced plans to invest around $US568 billion over themore
Zakir Hussain's first Sydney concert a sell-out success
By Neena Bhandari, Sydney, Nov 10 : Tabla virtuoso Zakir Hussain dazzled Sydneysiders by demonstrating his ability to fuse orchestration, virtuosity and showmanship into a seamless outpouring of music. The tabla maestro's first-ever concert at the Sydneymore
Rio Tinto
MOODY'S Investor Services cut its ratings outlook for because of the state of global markets, falling metal prices and slow progress in asset sales, Bloomberg reported. It reduced its rating from positive to developing. Commodity prices have declined bymore
Financial crisis puts heat on Australian govt over climate plan
CLIMATE SCIENCE Prime Minister Kevin Rudd. by Staff Writers Melbourne (AFP) Nov 9, Australia's centre-left government is under pressure to water down its plans to tackle climate change as the global financial crisis threatens jobs and economicmore
National Australia Bank raises AU$3 billion
The Melbourne-based bank said in a statement it offered 150 million shares for AU$20 ($13.67) each, a nearly 10 percent discount to NAB's closing share price on Friday. The share issue's initial size of AU$2 billion ($1.37 billion) was significantlymore
New NZ PM wants to stop Aussie exodus
Reducing the wage gap between New Zealand and Australia is needed to stop a Kiwi exodus across the Tasman, newly-elected New Zealand Prime Minister John Key says. The National leader, who ended Labour's nine-year hold on power at the weekend, is keen tomore
Telstra will not become a telly station
AUSSIE TELCO Telstra said has said that it has no intention of buying shedloads of media companies and merge content with delivery. There has been much talk down under that Telstra was thinking of expanding its digital empire so that it provided themore
China throws lifeline to Aussie economy
The Reserve Bank of Australia (RBA) has slashed its forecast for economic growth and indicated there'll be further official rate cuts, albeit in a more conservative fashion than of late. But while the central bank painted a grim outlook in its quarterlymore
France, Australia join forces on crisis
France and Australia are working together to help calm the global financial crisis and push for reforms to prevent a recurrence, French state secretary for overseas affairs Yves Jego says. Jego said he and Australian Foreign Minister Stephen Smith wouldmore
High School Musical 3 comes to Sydney
The stars of 'High School Musical 3' will hit the red carpet in Sydney tonight for the Australian premiere of the film. Fans are expected to turn out to catch a glimpse of Zac Efron and his co-stars. The actors have been spotted out and about in Sydneymore
Manila may sue Australia again over banana exports
The government may sue Australia if Canberra reneges on its promise to produce the import risk assessment on Philippine bananas before year-end, the the Bureau of Plant Industry said over the weekend. Bureau director Joel Rudinas told Standard Todaymore
Historic Pacific Islander representation in NZ election
Pacific Islander MPs say the highest number of Pacific Islander representatives were voted into New Zealand's Parliament in the general election, highlighting a growing trend in the country. New Zealand now has five Pacific Island members of parliamentmore
Rudd hails China's stimulus package
Prime Minister Kevin Rudd says the economic stimulus package announced by the Chinese Government is very good news for the Australian and global economies. The Chinese Government has announced plans to invest around $870 billion over the next two yearsmore
3rd UPDATE: Australia Boosts Auto Indus Assistance By A$3.2 Billion
(Adds background) By Susan Murdoch and Rachel Pannett Of DOW JONES NEWSWIRES MELBOURNE -(Dow Jones)- The Australian government Monday unveiled a multibillion dollar plan to 'green up' the country's auto industry, designed to boost its internationalmore
National Australia Bank raises AU$3 billion
SYDNEY, Australia -- National Australia Bank Ltd., the country's largest lender by assets, said Monday it raised 3 billion Australian dollars ($2.05 billion) by selling shares to institutional investors in a bid to strengthen its balance sheet. Themore
Australia looks forward to work with Obama administration
Melbourne (PTI): Hoping the US will 'continue' to provide 'leadership' to the world under the Presidentship of Barack Obama, Australia on Monday said it looked forward to building a partnership with the new American administration. 'The world willmore
Australia's Qantas says passenger numbers falling
SYDNEY (AFP) - Australia's biggest airline Qantas revealed Monday that passenger numbers were declining, as the global financial crisis is set to impact on the 'Flying Kangaroo'. Overall passenger numbers decreased by 0.2 percent in September 2008 overmore
Car rescue package won't protect industry: Opposition
The Federal Government has accused the Opposition of trying to drum up negative comment on its $6.2 billion car industry assistance package. The Federal Opposition says the package, announced today to help car manufacturers adjust to major changes in themore
Virgin Blue promoted to Australia benchmark index
SYDNEY, Nov 10 (Reuters) - Australian airline Virgin Blue Holdings Ltd <VBA.AX> will join the Australian stock market's benchmark S&P/ASX 200 index <.AXJO>, replacing St George Bank Ltd <SGB.AX>, index provider Standard & Poor'smore
Sydney trainer makes programming point
Tired of talking about what's wrong with Sydney race programming, trainer Gerald Ryan has decided to illustrate the problem by nominating Mazuka for four races at Rosehill.Ryan said it was ridiculous for the three-year-old to be eligible for four racesmore
Rio Tinto to cut iron-ore output as demand from China falls
HONG KONG (MarketWatch) -- Rio Tinto said Monday it was planning to lower iron ore production by 10% from its giant Pilbara mine in western Australia to bring output in line with weakening demand. The Anglo-Australian mining giant said it was revisingmore