Australia
Gillard Set for Australian Leadership Showdown as Rudd Canvasses Support
…that the nation recorded its worst job growth in 19 years in 2011. Australia’s economy even so has outperformed peers under Labor. The nation’s 5.1 percent unemployment rate compares with the 7.9 percent average for advanced economies last year.
Aussie international McKay set to leave Rangers
…docked 10 points by the Scottish Premier League to all but end their hopes of clinching their fourth title in a row. Administration is the process whereby a troubled company calls upon independent expert financial help in a bid to remain operational….
National Australia Bank opens first Indian branch
…The National Australia Bank today started branch operations in the country by inaugurating its maiden outlet in the financial capital. The branch will support existing institutional, corporate and business banking customers and also provide a link for clients…
New Zealand Australia Trip
…a model town from the period and includes all the typical town buildings (bank, school, hospital, store, etc.) in addition to the re-creation of the logging process from felling trees to finishing the boards. At that time, it was largely thought that New Zealand…
A SA company that is doing well in Australia
…It wouldn’t be significant in that we are not that strong in South Africa in commodity movement at all. Cross border certainly that is an issue and I think the rail is reasonably efficient through Zimbabwe. It’s largely an Israeli-owned concession but again…
Australia’s NAB bank follows competitors to India
…Asia, Rob Wright said. Commonwealth Bank of Australia in 2010 was the first Australian bank to set up shop in India. Australia & New Zealand Banking Group followed suit in 2011. We welcome comments that advance the story through relevant opinion, anecdotes,…
Australian Stock Market Report – Afternoon 2/22/2012
…(CBA) gained 0.34 pct or 17 cents to $49.64 and National Australia Bank (NAB) edged higher by 0.21 pct or 5 cents to $23.45. Out of Europe last night, markets lost a little ground despite Greece receiving a €130 billion bailout package to ease its financial…
Australia’s economic outlook remains subdued: Survey
…said the weaker economic outlook would increase the chance of rate cuts by the Reserve Bank of Australia (RBA) by 50 basis points (bps) in 2012. “Overall, we expect a further 50 bps in easing with the next 25 bps cut likely to come in May,” Hassan said….
Kevin Rudd resigns as Australian Foreign Minister
…other safety improvements as a contractual obligation on Kevin Rudd, the Australian Foreign Minister, has sensationally resigned in a move that leaves him free to challenge Julia Gillard, the Prime Minister, for the country’s leadership. His decision comes…
RBS: Rudd Resignation May Add to Aussie Volatility
…tensions between himself and Prime Minister Julia Gillard. Greg Gibbs, currency strategist at RBS, says the move by Mr. Rudd will only intensify speculation of a near-term test of Ms. Gillard’s leadership, which may introduce some additional volatility in…
Australian stock market and companies daily report (February 22, 2012)
…elevated compared with a year earlier, Curt Zuber, treasurer of Westpac Banking said. Australia’s big four banks have been borrowing aggressively since the beginning of the year through covered bonds issued in both domestic and offshore markets. The cost of…
Tourist from Ireland Went Missing After Jumping In the Yarra River in Melbourne, Australia
…side of Yarra River around 8:45 p.m. while he was sitting by the river bank closet to Boathouse Drive. They both tried to swim across until one of them shouted for help. Mr
Toyota pledges to keep building cars in Australia
…new $300 million engine plant at Altona would be funded by the company with financial support from the federal and Victorian governments. “All these investments have provided Toyota Australia with the opportunity to improve its competitiveness and efficiency…
TEXT: S&P Says Australian Prime RMBS Arrears Rose Marginally In Oct.
…stable macroeconomic environment continues to underpin the performance of Australian RMBS portfolios, recent interest rate increases by banks and financial institutions and modest weakening in labour market fundamentals may impact arrears performance at the…
Minerals Council of Australia Supports Mining Tax
…in the global market. Like us on Facebook He said that while the strong currency influenced high commodity prices and the mining boom is causing major changes in Australia’s economy, Mr Hooke pointed out that the boom was also boosting employment in related…
Australian Wages Rose More Than Forecast Last Quarter
…0.8 percent from the third quarter, when they rose 0.5 percent. The Australian government said in December it will review labor laws amid a jump in strike action and criticism from business groups that existing legislation is stifling productivity and giving…
Learn from Aussie selectors
…and 2007) for his country. In the words of Ricky Ponting, who was dropped from Australia’s one-day side on Monday, chief selector John Inverarity, “made it very clear to me yesterday the direction that they’re heading with the one-day team and that I’m not…
BHP Coal Mine Workers in Australia Plan to Extend Strikes
…and job security issues, joining a global push from labor unions as higher commodity prices swell mining company profits. The BHP Billiton Mitsubishi Alliance is equally owned by BHP and Mitsubishi Development Pty. Almost all the coal mined at the BMA sites,…
Small Business Closures in Australia Up 48% in 2011
…to 19 workers. Most of the affected small enterprises were engaged in services, finance and construction. Ms Christian added that the recent rate cuts made by the Reserve Bank of Australia failed to boost the Australian economy based on the lack of confidence…
Australian Stock Market Report – Midday 2/22/2012
…to $36.27. Among other companies reporting today, Queensland based financial services conglomerate Suncorp Group (SUN) has reported a sharp rise in first half profit to $389 million, driven by strong performance at its banking and life insurance divisions….
