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Asia Markets Hong Kong Sydney stocks fall Tokyo ends up
HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...
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Smith McCabe still a chance for Lions
George Smith's hopes of playing for the Wallabies against the British and Irish Lions for a historic second time remain alive after scans on his knee revealed he could be back on the park within a month.The news is even better for teammate and fellow Wallabies squad hopeful Pat McCabe, who could return in as little as two weeks after also hurting his knee in the Brumbies' 28-22 loss to ...
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Gillard takes vote pitch to western Sydney
Prime Minister Julia Gillard will take her pitch for better schools funding and to tackle law and order issues to western Sydney on Wednesday.Ms Gillard will hold a community cabinet at the Regents Park Christian School in the safe Labor seat of Blaxland, with a public forum starting at 6pm (AEST).It's been two months since the prime minister conducted a week-long western Sydney blitz in a ...
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Explainer Ocean energy in Australia
Renewable ocean energy harnesses the power of the oceans to produce electricity. This can be done in several ways, but the resources that have the most immediate potential in terms of energy production for Australia and globally are: waves: using wave energy converters (WEC) to generate electricity tides: using tidal barrages, fences and turbines to generate ...
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Come On Give the Aussie Dollar a Break Pros
Australia's dollar has received its fair share of whacking lately and perhaps it's time to give the currency a bit of a break, currency strategists say. The Aussie dollar has shed almost 5 percent in the past two weeks against the U.S. dollar, hurt by signs of weakness in the Australian and Chinese economies, broad strength in the greenback and a continued fall in commodity prices. It ...
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NRL issues time-wasting crackdown
The NRL has issued a crackdown on time-wasting in a bid to regain an estimated eight minutes of match time every game. Rules being introduced this week will require teams to be ready to pack for a scrum within 30 seconds of one being awarded, and the 40-second time limit for line drop-outs has also been cut to 30 seconds. Failure to do so will result in a penalty, but only from round 15 ...
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$A rises above 98 US cents
The Australian dollar has pushed back above 98 US cents amid weakness in its US counterpart. At 1700 AEST on Tuesday, the currency was trading at 98.17 US cents, up from 97.57 cents on Monday. OzForex chief currency strategist Jim Vrondas said the Australian dollar had regained some of the ground it had lost over the past fortnight. The Australian dollar lost around six US cents in the two ...
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Raider McIlwrick dumped for Manly clash
Canberra hooker Matt McIlwrick has been dropped in one of just two changes for his side's NRL clash against Manly on Saturday. Veteran utility Shaun Berrigan has been named at hooker as McIlwrick's replacement, although Raiders assistant coach Brett Kimmorley said Glen Buttriss was still an outside chance of recovering from a calf injury for the match. "Berro's got a lot of ...
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Folau deserves Wallabies call-up SBW
Sonny Bill Williams says he is impressed with the ease in which Israel Folau has adjusted to rugby union as the NSW Waratahs fullback moves closer to his Wallabies debut. All Blacks World Cup winner Williams trod a similar path to Folau when he left Canterbury during the 2008 NRL season to join French side Toulon. But what has made Folau's transition so impressive is that he spent two ...
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Were the Usain Bolts of gardening
An ecstatic team of Australians has won the best-in-show medal at the prestigious Chelsea Flower Show - the Ashes of horticulture. "We're the best in the world - we're the Usain Bolts of gardening," shouted Wes Fleming, head of Fleming's Nurseries. It was Fleming's last try for the medal after nine attempts. The 18-strong team hugged and broke into a spontaneous ...
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Tax review must include GST Tax Institute
A review of the taxation system must include everything, even the impost that is treated like Harry Potter's arch-enemy by federal politicians, a professional tax body says Shadow treasurer Joe Hockey has flagged the GST will be included in a review of tax reform if the coalition wins the September 14 election. Any changes would have to be driven by the states as they are the main ...
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Aust stocks close lower
The Australian market has closed around half a per cent lower, dragged down by weakness among the banks and industrial stocks. CMC Markets trader Ben Taylor said the local market finished in negative territory, following weak global leads. He said markets were anticipating that US Federal Reserve chairman Ben Bernanke would announce more quantitative easing (QE) in his speech to Congress on ...
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Aust bonds prices weaker
Australian bond futures prices are lower as traders wait for key events over the next fortnight. Nomura head of fixed income Jon Linton said it had been a quiet trading session, though futures prices weakened as the market prepared for an announcement regarding Australian government bonds. The Australian Office of Financial Management will announce the price of its new April 2025 bond on ...
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Rudd steals PM thunder on school funding
Kevin Rudd says his decision to support same-sex marriage is not about the Labor leadership, but a matter of conscience. Seeking an edge over the coalition, Prime Minister Julia Gillard has spent the week campaigning on her schools improvement plan and talking up the prospects of a coalition government raising the GST rate. She visited Melbourne on Tuesday to pressure the Victorian government ...
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Court ruling puts Tarkine mine on hold
Justice Shane Marshall has extended an injunction that halts work on Shree Minerals' proposed iron ore mine at Nelson Bay River in the state's northwest,The injunction is in place until the court decides whether an action by green group Save The Tarkine is successful.A temporary injunction was imposed 10 days ago.Save The Tarkine is challenging federal Environment Minister Tony ...
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No conflict of interest for NSW staffer
APPROPRIATE measures are in place to ensure there's no conflict of interest between a senior political staffer's final months at parliament and his new corporate job, NSW Premier Barry O'Farrell ...
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Voters missing from electoral roll
The Australian Electoral Commission (AEC) is updating the voter roll ahead of the September 14 federal election.Since laws recently passed allowing the AEC to directly enrol voters through cross-checking other government data, 80,000 people have been added to the roll and 310,000 addresses updated.The AEC expects to add about 150,000 names to the roll by this process before the election.However, ...
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OFarrell defends calling for GST changes
NSW Premier Barry O'Farrell has defended calling for an increase in the GST rate and base, saying it's in the best interest of the ...
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Asylum self harm linked to detention time
THE federal government watchdog says asylum seeker applications must be processed within 90 days and warns rates of self harm are strongly linked to the time spent in ...
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The Australian dollar dropped to $0.9786
Good Morning, - EUR/USD meets resistance at 1.29...ahead Bernanke's testimony to Congress on Wednesday. - Asian shares: Japan's Nikkei -0.21%, Hong Kong's Hang Seng -0.40%, Korea's Kospi -0.07%, Australia's ASX 200 -0.56% and China's Shanghai +0.15%. - German Producer prices for industrial products rose by 0.1% in April. In March 2013 the annual rate of change was ...
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AFL fines Demons over runners melee role
The AFL has fined Melbourne $2000 after their club runner Andrew Nichol clashed with Richmond forward Jake King during a halftime melee at Sunday's MCG game."A club runner may not interact with opposition players or the umpires at any time," the AFL said in a statement on Tuesday.The Demons said Nichol appeared to stand inadvertently on King's foot during the melee and he ...
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As close in on Rangers
The Oakland Athletics earned the valuable scalp of rivals and divisional leaders the Texas Rangers in MLB on Monday.The Athletics were helped by a brilliant start from pitcher Bartolo Colon, who kept Texas to two runs and six hits in seven innings at the mound at Rangers Ballpark.Rangers debutant pitcher Josh Lindblom was belted out of the game by Oakland's four-run fifth inning, which ...
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Australia shares down 0.6 pct as mining services slump banks retreat
(Adds details, comments) SYDNEY, May 21 (Reuters) - Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms. Investors were also cautiously awaiting comments from U.S. Federal Reserve Chairman Ben Bernanke for any hint of a sooner-than-expected reduction in bond-buying stimulus. ...
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Stocks to watch at close on Tuesday
Stocks to watch on the Australian stock exchange at close on Tuesday: NWS - NEWS CORPORATION - down nine cents at $33.89 NWSLV - NEWS CORPORATION NON-VOTING SHARES - down two cents at $33.77 News Limited has sold NRL club Melbourne to a private consortium gathered by New Zealand entrepreneur Bart ...
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Cowboy Bowens NRL deadline looming
A deadline is looming as North Queensland sweats on off-contract fullback Matt Bowen's fate. But Cowboys coach Neil Henry says he is keeping his fingers crossed the livewire No.1 remains a one-club player. Reports linking 31-year-old Bowen to rival NRL clubs were dismissed as "rumours" by Henry on Tuesday. However, Henry admits his club will need to decide on what to do with ...
Perth Focus
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Major redevelopment plans for Perth eyesoars
The City of Perth has major projects in the works to redevelop the city’s CBD in-line with the aims of broader projects like Green City and Populate Perth, but some residents remain wary of red tape, while others fear for the future of historical sites such as Langley.
Perth is the commercial, transport and cultural backbone of Western Australia. This city of almost 2 million people is the fourth largest in Australia, but has grown consistently faster than many other cities, outstripping the national average and was ranked by The Economist in 2010 as the eighth ‘most livable city’ in the world, which means we have some of the best living conditions on the planet. Read more
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