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Ivanhoe Australia

From Politics & Policy 02:27 am

Gold, Copper Production of Ivanhoe Australian Unit Begins

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.

ANZ Bank

From Politics & Policy 03:28 am

ANZ Bank Hikes Fixed Home Interest Rate to 6.34%

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.

A screen grab of Australian miner Lynas Corp's website, after it was hacked and replaced with a fluttering Malaysian flag in the background and the words "Stop Lynas, Save Malaysia! Do not hurt my country!" February 26, 2012. Thousands rall

From Politics & Policy 11:58 pm

Malaysian Rare Earths Processing Plant Was A “Business Decision” – Lynas Counsel

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.

Keystone Pipeline, North Dakota

From Politics & Policy 10:52 pm

Senate Blocks GOP Bid To Force Keystone XL Pipeline

A congressional Republican bid to fast track the controversial Keystone XL Pipeline failed in the Senate Thursday as Democrats voted the motion down.

NYSE

From Global Markets 09:12 pm

Greece Pulls Off History's Biggest Sovereign Restructuring; Stocks Rise: Daily Markets Wrap

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.

ECB President Draghi, one of the many central bankers who held interest rates steady Thursday

From Economy 06:58 pm

Central Bankers Hold Rates Steady On Inflation Concerns

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.

A Malaysia Airlines promotional photo.

From Companies 02:11 am

Qantas Talks With Malaysia Airlines for Premium Carrier Bogs Down

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.".

Carbon Tax and Small Businesses

From Politics & Policy 06:54 am

Businesses Seek Cut of Carbon Tax to $10

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.

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