AUSTRALIA

Dollar falls, gold rises with no US debt progress

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Asian stocks and the U.S. dollar fell on Wednesday while gold hit a record high at more than $1,623 an ounce, as a drip feed of news out of Washington indicated politicians were making little progress on a plan to lift the U.S. debt ceiling.
A gold bar carrying the Euro sign

Gold flat after hitting record

Gold held steady on Tuesday after the last session's record high, as investors stayed on the sidelines, watching the stalemate in Washington's budget talks to avert a ratings downgrade or default.
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Swiss franc hit all-time high vs USD

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.
At Issue: U.S. Economy

Does GE Provide a Snapshot of the U.S. Economy?

Is there a way to get a quick-read on the U.S. economy, for those who are time-pressed, and don't have time to review the latest economic reports from the U.S. Federal Reserve? Indeed there is: review the performance of diversified industrial giant General Electric (GE).
Drought Crisis

Islamist Rebels Prevent Aid to Somalia

Islamist extremist group Al-Shabab has said that international agencies it had banned from its territory would not be allowed to return to help the Somali population with aid for the famine.
Wedding Day

Wendi Deng and Rupert Murdoch: True Love? [PHOTOS]

Wendi Deng Murdoch became an international sensation on Tuesday when she acted as a human shield between her husband, Rupert Murdoch, and a shaving cream pie thrown by a protestor at Murdoch's parliamentary hearing.With lighting-fast reflexes, Wendi leapt out of her chair and slapped away Rupert's would-be attacker.The hearing - which the media mogul called the most humbling day of his career - probed the hacking scandal at News Corp, Rupert's publishing empire...
Wedding Day

Rupert Murdoch, Wendi Deng & Children: See Wendi's Amazing Transformation [PHOTOS]

Wendi Deng Murdoch grabbed worldwide attention on Tuesday when she acted as a human shield between her husband, Rupert Murdoch, and a shaving cream pie thrown by a protestor at Murdoch's parliamentary hearing, which probed the hacking scandal at News Corp, Rupert's publishing empire.The heroic act has earned her the nicknake of Wonder Wendi, with millions worldwide wondering who this woman is.42 to her husband's 80, Wendi Deng has been married to Rupert Murdoch s...
BSkyB Chairman James Murdoch and News Corp Chief Executive and Chairman Rupert Murdoch appear before a parliamentary committee at Portcullis House in London

Who is Wendi Deng? Murdoch’s Mysterious Pie-Blocking Wife

In her Charlies Angles moment, Wendi Deng defended her husband, media mogul Rupert Murdoch, from pie-throwing assailant Jonnie Marbles at Tuesday's appearance with a parliamentary committee in London over the phone-hacking scandal at News of the World.

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