IBTimes.com : Australia Topic

Coldplay Wants More No. 1 hits in Australia

Sat, 26 May 2012 11:50:01 EDT

The popular British rock band aims to top the charts in the Land Down Under.

Lady Gaga May Continue Indonesian Tour

Sat, 26 May 2012 11:44:27 EDT

Indonesian officials are considering allowing the controversial Lady Gaga to resume her concert is she tones down her acts, as offered by the pop superstar's promoter.

The Voice Judge Delta Goodrem Admits "Sitting on Top of the World"

Sat, 26 May 2012 11:27:46 EDT

Delta Goodrem, one of the judges of "The Voice," "reveals that her song entitled "Sitting on top of the world" is the exact words that can describe her situation as of the moment.

Samsung Galaxy S3: Pop-Up Stores to be Launched in London

Sat, 26 May 2012 04:18:37 EDT

With the launch of Samsung's Galaxy S3 in London just days away, the device has created quite a buzz.

Boeing 787 Dreamliner Kicks Off Final Stage of Global Dream Tour

Sat, 26 May 2012 02:02:08 EDT

Dream Tour which started in Beijing last December will end in Casablanca, Morocco, in June.

SpaceX capsule docks at space station, opens new era

Fri, 25 May 2012 23:21:01 EDT

Astronauts aboard the International Space Station captured the SpaceX Dragon cargo ship and guided the privately owned craft into a docking berth on Friday, opening a new chapter in the U.S. space program.

Deeper Metals Price Falls Needed to Spark Closures

Fri, 25 May 2012 17:02:59 EDT

A rout in commodity markets has pushed prices of aluminum, zinc and nickel down to levels where many high-cost producers are starting to suffer, although the pain threshold may have to increase before widespread closures help balance markets.

Galaxy S 3 Specs and Features' Top Five Potential Problems

Fri, 25 May 2012 12:02:47 EDT

It's not surprising that retailers and carriers are confirming the Samsung Galaxy S III's phenomenal pre-order figures. The Galaxy S 3 specs are apparently revolutionary, and the device is without a doubt the best Android smartphone to date. But the Galaxy S 3 is far from perfect.

After Greece Exits The Euro, What's Next? An Illustrated Guide To 5 Possible Scenarios

Fri, 25 May 2012 05:52:02 EDT

Moving swiftly from the realm of tin foil-hat conspiracy to a bullet point being openly talked about as a fait accompli by international financiers, an exit by Greece from the European common currency dominated conversation this week. But what would actually happen if Greece left the euro?.

Australian Stock Market Report – Afternoon 5/25/2012

Fri, 25 May 2012 05:45:26 EDT

The Australian sharemarket lost ground for the third consecutive day and week, with the All Ordinaries Index (XAO) down 0.6 pct or 25 pts to 4081.2 today. Nine out of 12 sectors finished in the red today and the broader market hit a fresh six-month low. On June 17, the Greeks will need to return to the polls to vote for a President for the second time.

Moody's downgrades three big Nordic banks

Fri, 25 May 2012 05:00:04 EDT

Moody's Investor Service downgraded credit ratings of three large Nordic banks on Friday, citing their reliance on market funding, tough competition for retail loans, and their exposure to the spreading euro zone debt crisis.

Romantic Celebrity Proposals: Couples Working Together Can’t Help Falling In-Love

Fri, 25 May 2012 04:38:25 EDT

Ace Young, an American Idol graduate, proposed to ‘Idol’ Season 3 runner-up Diana DeGarmo on the Idol stage Wednesday night during the 11th season finale of the show. Here are other celebrities who worked in a show or a movie together before they got engaged.

Neil Armstrong Grants a Rare and Unique Interview

Fri, 25 May 2012 03:57:53 EDT

Neil Armstrong is considered a great symbol of human achievement since he was the first man to walk on the moon. Despite that unique and prestigious honour, Neil Armstrong kept a private life and rarely gave interviews. Recently, he granted a rare and unique interview to a very unusual group: the Certified Practicing Accountants (CPA) of Australia.

More Steel Production for China as Beijing Approves $11B New Guangdong Steel Mill

Fri, 25 May 2012 02:37:20 EDT

This could mean another round of iron ore shipment surge for Australia as China announced on Friday its approval of the $US11-billon steel project proposal submitted by Shanghai-based Baosteel Group.

$8.5B Budget Approved For Origin and Conoco Australia's LNG Project

Thu, 24 May 2012 23:51:44 EDT

A group of domestic and international banks has granted in principle the $8.5 billion in project financing needed to finally drumroll the $20 billion Australia Pacific liquefied natural gas (LNG) project of Origin Energy Ltd. and ConocoPhillips.

Australia Targets Criminal Operations at Main Waterfront Areas

Thu, 24 May 2012 23:49:45 EDT

Prime Minister Julia Gillard has ordered for a sweeping overhaul of security measures on Australia's key waterfront areas following reports from police authorities that confirmed the operations of criminal groups in Brisbane and Melbourne.

Amnesty International Assails Australia's Intervention among Indigenous Tribes in Northern Territory

Thu, 24 May 2012 23:39:54 EDT

Australia has failed so far in raising the quality of life prevalent among the indigenous people living in the Northern Territory, according to the latest human rights review released this week by Amnesty International (AI) in Australia.

Rio Tinto Insists on Iron Ore Growth Plans

Thu, 24 May 2012 23:39:24 EDT

Rio Tinto remains on track to expand its iron ore operations despite earlier indications from the mining giant's CEO, Tom Albanese, that at a certain period the company will temporarily slow down on its output plans.

Swan Dashes Hope of Tax Relief for World’s Wealthiest Woman, but Govt Allows Rinehart’s Company to Bring in Foreign Workers

Thu, 24 May 2012 23:27:35 EDT

Earning $1 million every 30 minutes has its disadvantages too. For Gina Rinehart who was named this week by BRW Magazine as the world's wealthiest woman with $29 billion to her name, it meant more public scrutiny of her companies as well as her private life, particularly the ongoing family court feud.

64,000 Subscribers Hang up on Vodafone in March Quarter

Thu, 24 May 2012 20:56:24 EDT

A high-profile advertising campaign failed to convince thousands of subscribers to remain with Vodafone.

Bomb Scare for Air Mauritius Flight Causes Emergency Landing

Thu, 24 May 2012 20:44:43 EDT

An Air Mauritius A340 jet flight bound to Perth was forced to make an emergency landing at Melbourne Airport due to a bomb scare that happened inside the aircraft.

Qantas, Jetstar Add 900,000 Seats on East Coast Routes

Thu, 24 May 2012 20:38:22 EDT

Qantas and Jetstar will add about 900,000 more seats on its east coast routes by July in a bid to improve the company's finances. The addition of capacity, announced Thursday, is part of the revamp initiated this week by Qantas Chief Executive Alan Joyce.

Prostitute Linked with Craig Thomson Worked as a Horse Strapper in NSW

Thu, 24 May 2012 19:55:34 EDT

The sex trade worker who claimed to have embattled MP Craig Thomson as her client is real, not an imaginary person created to embarrass the legislator. The Daily Telegraph provided more details of the former prostitute whose tell-all interview with Channel 9's Current Affairs may be the final nail to Mr Thomson's crumbling political career.

'All Taste, No Nourishment', Euro Leaders Dinner Fails to Inspire

Thu, 24 May 2012 19:54:00 EDT

Despite solid gains from European indices and mild support for U.S stocks, the overall theme of negativity continued to hold risk assets at bay overnight with intermittent periods of strength quickly overcome, with European drama's remaining the key directive.

Australian Dollar Outlook - 05/25/2012

Thu, 24 May 2012 19:48:08 EDT

Bell FX Currency Outlook: With worries a Greek exit would deepen the euro zone debt crisis and risk aversion continuing to mount this week, the Australian Dollar has continued track new lows.

Why Silver is a Buy

Thu, 24 May 2012 15:53:05 EDT

Why is Silver so important in today's industrial world? The Fundamentals Today, Silver is used for industrial purposes, decorations photography, and medicine. Its combination of strength, malleability and conductivity makes it a major element, in the commodity market.

Tokyo, Madrid, Istanbul Vie For Olympic (Pot Of) Gold

Thu, 24 May 2012 14:13:03 EDT

Do host cities make money?

Asia's Military Spending To Surpass Europe's For First Time

Thu, 24 May 2012 12:11:36 EDT

2012 will be a historic moment in the shift of global power from the West to the East. According to expert estimates and figures on military spending, in 2012 Asia's spending on defense will eclipse Europe's for the first time in the modern era.

Copper up from 4-1/2 Month Low, EU Data Weighs

Thu, 24 May 2012 08:31:42 EDT

Copper firmed a little on Thursday after sinking to a 4-1/2 month low in the previous session but remained under pressure as downbeat data from the European Union raised worries that global economic weakness will hit demand for industrial metals.

Gina Rinehart: World's Wealthiest Woman Made Her Children Weed Garden at Perth Mansion [VIDEO]

Thu, 24 May 2012 08:07:51 EDT

Gina Rinehart, an Australian mining tycoon has leap-frogged Walmart heiress Christy Walton as the world's richest woman with a daily income of £32m.

Diablo 3 is Fastest-Selling PC Game Ever

Thu, 24 May 2012 07:41:37 EDT

More than 3.5m copies sold in first 24 hours.

Who is Rachael Leahcar? Can she be the first Aussie to Win in The Voice? (VIDEO)

Thu, 24 May 2012 03:25:58 EDT

Eighteen-year-old Rachael Leahcar is one of the top fan favorites in Australia’s singing competition, The Voice. She belongs to Team Delta.

Canadian Miner Matamec Fires Up Kipawa Rare Earths Deposit Plants

Thu, 24 May 2012 02:51:47 EDT

Manufacturers of high tech gadgets that use rare earths are in for more good news as Canadian miner Matamec Explorations Inc. announced on Wednesday the mineral processing and hydrometallurgical pilot plants needed to jumpstart the operations on its flagship Kipawa rare earth project are on schedule.

Andrew Forrest: Europe's Distress Should Not Disturb Australia, Asia

Thu, 24 May 2012 02:48:55 EDT

The worsening financial crisis in Europe, according to Fortescue Metals Group (FMG) owner Andrew Forrest, appears more disturbing than it ought to be, no thanks to the sensational media coverage trained on the struggling economic region.

Media exec Sloan eyes Australia's Nine Entertainment: source

Thu, 24 May 2012 00:28:02 EDT

U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset, Australia's debt-ridden Nine Entertainment, a source with direct knowledge of the matter said.

Australia Vows to Defeat WTO Challenges on its Anti-Smoking Policy

Wed, 23 May 2012 23:45:08 EDT

The Australian government vowed to repeal efforts by giant tobacco firms to frustrate its aim of further limiting the flow of cigarette products in the country.

Australian Stock Market Report – Midday 5/24/2012

Wed, 23 May 2012 23:40:38 EDT

Yesterday the Australian share market lost ground for the first time this week, with the All Ordinaries Index (XAO) down 54.7 points to 4,118 point. Last night Key European index's lost 2-3% after discussions at the European Leaders summit in Brussels made no real headway to resolving the current Eurozone, especially Greek, problems.

Opposition Blames Carbon Tax for Closure of Hunter Valley Smelter

Wed, 23 May 2012 23:26:19 EDT

Although operators of the soon-to-be shuttered smelter plant in Hunter Valley cited the high Australian dollar and weak prices in the international market for aluminium as the short-term reasons why it would close its Kurri Kurri facility, the Opposition seized the closure of the plant to blame again the carbon tax for the economic woes of companies in Australia.

Investment Property Search Now Available on Homesales.com.au

Wed, 23 May 2012 22:02:22 EDT

Homesales.com.au has launched 'Investment Property Search', a new free service specifically aimed at property investors.

In A First, A Major Portal Puts Listings in Chinese

Wed, 23 May 2012 22:00:23 EDT

It seems that Chinese buyers have the buying power in today's market. That includes Chinese-speaking Australians who hail from China and other parts of Asia Pacific.

Why Sooner or Later in Europe Someone Will Have to Pay

Wed, 23 May 2012 21:56:32 EDT

Let the recriminations begin! And then the show trials!

Greeks Run on Banks as Euro-Confidence Wanes

Wed, 23 May 2012 21:34:56 EDT

In Pamplona, Spaniards run with the bulls. In Athens, Greeks run on the banks. Yes, folks a good, old-fashioned bank run is underway in Greece.

Expatriation in the Wake of the Facebook IPO

Wed, 23 May 2012 21:18:30 EDT

Reckoning today from Baltimore, Maryland...

Craig Thomson Scandal: Sex Trade Worker Claims He was a Client

Wed, 23 May 2012 20:30:38 EDT

The Craig Thomson saga continues to unfold like a soap opera as an anonymous female sex trade worker claimed that the embattled MP was her client.

Australian Dollar Outlook - 05/24/2012

Wed, 23 May 2012 20:26:41 EDT

Bell FX Currency Outlook: The Australian dollar has opened this morning around USD.9760, after trading down to a low of USD0.9690 overnight as European equities followed Asia's lead falling around 2.5%.

NT Tourism at Risk with Cutback of Qantas, Jetstar Services

Wed, 23 May 2012 19:50:57 EDT

Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce's ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.

Global Markets Overview - 05/24/2012

Wed, 23 May 2012 19:01:10 EDT

U.S. stocks reversed steep losses to finish the day roughly flat, though European stocks and the euro tumbled to 2012 lows amid growing chatter about a potential Greek exit from the euro zone

Will 'Peak Gold' Exploration Continue to Grow?: USGS' Micheal George

Wed, 23 May 2012 18:56:02 EDT

Global gold production is at an all-time high, according to a new report from the U.S. Geological Survey. In this exclusive interview with The Gold Report, the Survey's Mineral Commodities Specialist Micheal George pinpoints where the gold is coming from and what trends can be expected in the coming years.

Philippines Gets Support From Japan, Others Against China

Wed, 23 May 2012 17:35:16 EDT

The Philippines is getting ships and assistance from other countries as it faces off against China, but it's still a far cry from matching Beijing's military capabilities

Gina Rinehart Named ‘World’s Richest Woman,’ Australian Mining Tycoon Makes Over $1 Million Every 30 Minutes

Wed, 23 May 2012 16:01:34 EDT

Business Review Weekly named Australian mining tycoon Gina Rinehart the "World's Richest Woman," surpassing Wal-Mart heiress Christy Walton.