AUSTRALIA

Top political and economic risks for Asia next year

Japan's Foreign Minister Seiji Maehara (L) meets with China's Foreign Minister Yang Jiechi in Hanoi
The Asia-Pacific region will continue to be the fastest-growing region of the world in 2011, according to a forecast by IHS Global Insight. However, the report says the region faces significant risks in the backdrop of the fragile state of some of the largest economies in the world, the raging sovereign debt crisis in the European Union and 'deep-seated structural problems facing Japan.
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WikiLeaks' Assange defiant as lawyers seek bail

WikiLeaks founder Julian Assange has denounced the firms that suspended payments to his website as instruments of U.S. foreign policy and called for help in protecting his work from their illegal and immoral attacks.
Australia's Doherty is seen behind the stumps during the fourth day of the second Ashes cricket test against England in Adelaide.

Australia rings in changes for third Ashes test

Australia have sprung a major over-haul of their 12-man squad for the third Ashes test at Perth against England, with the shock inclusion of the little-known Michael Beer raising eyebrows.
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U.S. yields slip as selloff pauses, dollar down

U.S. Treasury prices edged up on Thursday as bargain hunters entered the fray after a violent two-day surge in yields, pulling the dollar lower, while Asian stocks rose on hopes added fiscal stimulus will help the U.S. economy in the near term.
Australia's Ponting and Hughes chat during the third day's play of their cricket match against Sussex at the County Ground in Hove, East Sussex on 26/06/2009.

Hughes heads list to replace Katich

Phillip Hughes has emerged as the most likely replacement for Australia's injured opener Simon Katich for the third Ashes test at Perth after the 22 year-old received the backing of his skipper Ricky Ponting.
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McDonald's November sales weaker than expected

McDonald's Corp reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and Japan.
Australia blames US over Wikileaks, not Assange

Australia blames US over cable leaks, not Assange

Australian Foreign Minister Kevin Rudd blamed the United States over the leaked diplomatic cables and maintained that Wikileaks founder Julian Assange 'is not himself responsible for the unauthorized release'.

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