Thursday, June 5, 2014
Surging mining exports powered the Australian economy to better-than-expected 1.1 percent growth in the first quarter of the year, data showed Wednesday, but Treasurer Joe Hockey said he was also encouraged by a pick-up in other sectors.
Wednesday, June 4, 2014
Australia's central bank on Tuesday left interest rates on hold at a record low 2.5 percent as it sounded a cautiously optimistic note on the economy's transition away from mining-led growth.
Tuesday, May 27, 2014
Three of the world's biggest miners have warned that government taxes, high costs and a strong currency are putting pressure on their Australian operations, reports said Monday, as they battle falling commodity prices owing to a supply glut.
Monday, May 26, 2014
When the value of his US$20 million portfolio plunged in the 2008 global financial crisis, luxury car enthusiast Gerard Tan followed a growing trend among Asia's elite investors by turning to an independent adviser for help.
Wednesday, May 21, 2014
Australian Prime Minister Tony Abbott warned Tuesday the country could lose its coveted AAA credit rating if the tough measures in his government's maiden budget are not adopted.
Tuesday, May 20, 2014
Global mining giant Rio Tinto says it is set to finalize a US$20 billion deal to develop the world's biggest untapped iron-ore deposit in Guinea later this month following years of delays.
Sunday, May 18, 2014
Innolux Corp. (群創光電), one of Taiwan's leading flat panel makers, ranked in 2013 as the largest automotive display supplier worldwide, according to market information advisory firm DisplaySearch.
Sunday, May 11, 2014
A ceasefire between South Sudan's government and rebels was due to come into effect Saturday following a deal to end a brutal five-month war that has pushed the country to the brink of genocide and famine.
Friday, May 9, 2014
An Australian state government Thursday approved a massive AU$16.5 billion (US$15.5 billion) mine development, saying the Indian-backed coal mine could be among the largest in the world.
Australia's unemployment rate remained steady at 5.8 percent in April, data showed Thursday, with economists suggesting the peak could have passed.