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July, 30, 2016

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Business > Asia > Australia
Australian Prime Minister Tony Abbott ruled out an early election Wednesday during a media blitz to sell the budget as opponents accused the government of delaying fiscal repair to win votes.
 
Australia's top finance official said Monday he will introduce legislation to force global corporations to pay a fair amount of tax on their Australian earnings.
 
Taiwanese computer maker Acer Inc. (宏碁) said that seven of its products have won the 2015 design and innovation awards given out by the organizers of Computex Taipei, the world's second-largest computer trade show.
 
Australia's central bank Friday said lower growth and higher unemployment concerns prompted it to cut official interest rates to a historic low of 2.0 percent this week in a bid to spur the economy.
 
Taliban militants who have been waging war on the Afghan government for more than a decade on Monday expressed a willingness to soften their position on a range of issues, an apparent shift that could eventually lead to peace talks.
 
Australian consumer prices rose 0.2 percent in the three months to March, data showed Wednesday, with the annual headline inflation rate softening to give the central bank room to cut interest rates.
 
Australia's unemployment rate dipped to 6.1 percent in March, data showed Thursday, a better-than-expected reading that could ease pressure on the central bank to further cut interest rates.
 
Some of the world's biggest iron ore miners were Tuesday placed on "credit watch negative" by Standard and Poor's, as ore prices plunge due to a supply glut and soft Chinese demand.
 
Australia's treasurer said Monday that the low iron ore price was shaving billions of dollars off government revenue forecasts, but he would not increase taxes to make up the shortfall.
 
An Australian court Tuesday ordered six Internet service providers to release the details of customers who shared the Hollywood film "Dallas Buyers Club" online in a ruling that could set a precedent for crackdowns on online piracy.
 
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