From Politics & Policy 02:27 am
The Australian unit of Ivanhoe Mines Ltd., Ivanhoe Australia Ltd., has generated its very first gold and copper concentrate at its Osborne processing facility bought roughly 18 months ago.
From Politics & Policy 03:28 am
ANZ Bank announced on Friday that it would raise it fixed home loan interest rate by 20 basis points to 6.34 per cent. It is the first among the big four to adjust interest rates after the Reserve Bank of Australia (RBA) retained this week the current overnight cash rate at 4.25 per cent.
From Politics & Policy 11:58 pm
The choice to construct the Lynas Advanced Materials Plant (LAMP) in Malaysia rather than in Meenar, Western Australia as earlier contained in the blueprint of Australian rare earths miner Lynas Corp. stemmed from "a business decision," the company's general counsel told a Malaysian news agency on Thursday.
From Politics & Policy 10:52 pm
A congressional Republican bid to fast track the controversial Keystone XL Pipeline failed in the Senate Thursday as Democrats voted the motion down.
From Global Markets 09:12 pm
Greece pulled off history's biggest sovereign debt restructuring Thursday, central bankers around the world held rates steady and economists projected increased hiring by U.S. employers.
From Economy 06:58 pm
Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
From Companies 02:11 am
Embattled Australian flag carrier, Qantas, is back to square one after it stopped talks with Malaysia Airlines for a premium carrier in Kuala Lumpur. Qantas Chief Executive Alan Joyce explained the bog down of talks to failure of both airlines "to reach mutually agreeable commercial terms.".
From Politics & Policy 06:54 am
Business leaders in Australia are seeking a drastic cut in the carbon tax to just $10 from the $23 per tonne scheduled to be collected beginning July 1, 2012. Their $10 proposal is close to the carbon price in the European Union.