Friday, February 14, 2014
Australia plans to raise up to US$117 billion from sales of state assets, the finance minister said Thursday, as the government tries to bridge a gaping budget deficit.
Wednesday, February 12, 2014
An Australian farmer who lost his organic produce license has taken his neighbor to court over contamination from his genetically modified (GM) canola crop in a closely watched test case.
Prime Minister Tony Abbott insisted Tuesday there was nothing he could do to prevent Toyota halting car manufacturing in Australia as the opposition expressed fears it would spark an economic crisis.
Tuesday, February 11, 2014
Toyota on Monday said it will stop making cars in Australia in less than four years, bringing the country's auto industry shuddering to a halt, despite appeals by Prime Minister Tony Abbott.
The Vietnamese developer behind the smash-hit free game Flappy Bird has pulled his creation from online stores after announcing that its runaway success had ruined his “simple life.”
Saturday, February 8, 2014
Australia's central bank lifted its economic growth forecasts Friday as the local currency weakens and lower interest rates boost spending, but it sounded a warning on inflation and said unemployment would rise.
Wednesday, February 5, 2014
Australia's central bank held its cash rate steady at a record low of 2.50 percent Tuesday and hinted at a prolonged pause, saying a period of interest rate stability was prudent as the mining boom unwinds.
Thursday, January 23, 2014
According to a recent research from Princeton, “Facebook will undergo a rapid decline in the coming years, losing 80 percent of its peak user base between 2015 and 2017.”1 Comment
Friday, January 17, 2014
Australia's unemployment rate held steady at 5.8 percent in December but the economy shed 22,600 jobs, data showed Thursday, sending the Australian dollar tumbling to a three-year low.
Friday, January 10, 2014
Australian carrier Qantas said it was facing some of its toughest-ever challenges on Thursday as Moody's downgraded its credit rating to junk, with the airline battling intense competition and spiraling costs.