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Asia-Pacific News Australia


  • Doomsday Homes Thursday, 5 Apr 2012 | 4:23 PM ET
    As we approach the latest projected doomsday (Dec. 21, 2012) the end of the world is getting to be quite popular. Google “doomsday” and you will find a lot of websites with black backgrounds and urgent red lettering.  Emergency bunker sales are up, according to the claims on these sites. Then there are the new reality TV shows, “Doomsday Preppers” and “Doomsday Bunkers.” All beg the question, where would you go to “bug out”? A mountaintop, inside a mountain, underground, in a fortress, or is the

    The end of the world is getting to be quite popular. Where would you go to "bug out?" Check out some stylish and genteel ways to hide from to possible future widespread problems.

  • Diamonds Are a Great Way to Diversify: Expert Wednesday, 4 Apr 2012 | 2:11 AM ET

    Diamonds are an attractive option for investors looking to diversify portfolios because they don't move in relation with other assets such as commodities and stocks, according to David Riedel, President of equity research firm Riedel Research Group.

  • The Australian stock market has been trapped in an investment-numbing sideways trend for the past six months. But chart pattern anaysis shows that a breakout for the S&P ASX 200 is imminent, with the next target at 4,700.

  • Australia's Mining Boom to Continue: Economist Monday, 2 Apr 2012 | 5:28 AM ET
    A coal dredger tears coal from the face of the Loy Yang Open Cut coal mine in the Latrobe Valley, 150km east of Melbourne on August 13, 2009.

    Investors have been spooked in recent weeks by a slowdown in growth in China and the impact that could have on Australia's resources sector. But according to one economist, Australia's commodities sector will continue to do well and could actually benefit from a pick-up in economic growth in Asia in the second half of 2012.

  • Murdoch's News Ltd. Rejects TV Piracy Claim in Australia Wednesday, 28 Mar 2012 | 4:58 AM ET
    News Corp. Chairman Rupert Murdoch looks down as he leaves the One Aldwych Hotel surrounded by his personal security team to speak with reporters after meeting with the family of murdered school girl Milly Dowler on July 15, 2011 in London, England.

    Rupert Murdoch’s embattled media empire found itself facing fresh controversy on Wednesday, after an Australian newspaper published an investigative report alleging that News Corp. had engaged a special unit in the mid-1990s to sabotage its competitors, leading the Australian government to call for a criminal investigation into the claims.

  • Low-cost airline Jetstar Pacific taxiing at Hanoi's Noi Bai international airport.

    Qantas’ planned joint venture with China Eastern Airlines could run into regulatory headwinds in Hong Kong, according to an expert on aviation policy but the airline says it's confident of getting approval.

  • Iron Ore Prices to Rise, Buy BHP Billiton: Analyst Tuesday, 20 Mar 2012 | 4:31 AM ET
    Aerial of iron ore ships at Port Hedland.

    BHP Billiton, the world's largest miner said Tuesday that it sees iron ore demand from top consumer China flattening, but one expert forecasts iron ore prices to rise this year and recommends picking up BHP shares.

  • Australia's parliament passed laws for a new 30 percent tax on iron ore and coal mine profits on Tuesday, amid a swathe of opposition that claims the tax is unfair, will not deliver the profits the government is seeking and worst of all, deter investment in Australia's mining industry. However, one expert told CNBC these fears were overblown.

  • Western Australia Premier Says Mining Tax Unfair Friday, 16 Mar 2012 | 3:08 AM ET
    Colin Barnett, premier of Western Australia, speaks during a conference.

    Colin Barnett, Premier of resource-rich Western Australia told CNBC on Friday that the federal government's mining tax is unfair and unconstitutional.

  • job-interview-200.jpg

    The Australian workplace is changing, as businesses employ more cost effective part-time workers, according to a new report by IBISWorld. The study shows over the past five years, flexible employment has risen 2.8 percent a year, much faster than full-time job growth of 1.5 percent.

  • Australia's QBE Profit Slumps as Claims Mount Monday, 27 Feb 2012 | 7:00 PM ET

    Australia's QBE Insurance posted a 45 percent fall in full-year net profit after unprecedented weather events in 2011 sent claims soaring, hurting the insurer's bottom line.

  • Weak US Housing Market Weighs on James Hardie, Boral Monday, 27 Feb 2012 | 6:20 PM ET

    Australian building products maker James Hardie Industries posted third-quarter profit below forecasts and gave a downbeat outlook, saying there were few signs of sustainable recovery in the key U.S. housing market.

  • Investors Turn Bullish on Commodities in 2012: Survey Sunday, 26 Feb 2012 | 11:13 PM ET

    Investors are set to increase their exposure to commodities in 2012, according to an annual survey by Barclay’s Capital, with 56 percent of those surveyed saying they will initiate or ramp up commodity investments over the next three years, compared to 45 percent last year.

  • Opposition Attacks to Follow Aussie Vote Sunday, 26 Feb 2012 | 6:40 PM ET
    Opposition Attacks to Follow Aussie Vote

    Following Julia Gillard's victory of a leadership vote by the ruling Labor Party, Colin Chapman, Vice President, Asia Pacific, Stratfor, says the prime minister will continue to face more opposition attacks.

  • Resolute Putin Faces a Russia That’s Changed Friday, 24 Feb 2012 | 5:45 AM ET
    Vladimir Putin

    NY Times reports that  Mr. Putin, who grew up in a hardscrabble Soviet housing block, has spent more than a decade in a byzantine world of petitioners and servants. Now, in the year he turns 60, he will face his biggest challenge: coming to grips with a society that has greatly changed under his watch, while he has remained essentially the same.

  • Australia's Leadership Tussle Frustrates Business Leaders Thursday, 23 Feb 2012 | 11:13 PM ET
    Australian Prime Minister Julia Gillard and former Foreign Minister Kevin Rudd.

    The leadership tussle between Australia’s Prime Minister Julia Gillard and former Foreign Minister Kevin Rudd is frustrating business leaders who see the current political deadlock coming in the way of key economic reforms.

  • Australian Prime Minister Julia Gillard and Kevin Rudd

    Even as the Australian Prime Minister Julia Gillard called for a leadership vote on Thursday, one economist told CNBC that the Australian economy faced greater risk from high levels of household debt than from any political uncertainty.

  • Invest in Stocks With High Dividend Payouts Tuesday, 21 Feb 2012 | 10:40 PM ET
    Invest in Stocks With High Dividend Payouts

    Greg Bundy, Senior Adviser at AIMS Finance likes Telstra and Seek based on dividends and total returns to investors.

  • Australia Jobless Rate Falls to 6-Month Low in January Wednesday, 15 Feb 2012 | 8:46 PM ET

    Australian employment jumped past all expectations in January, shoving the jobless rate to a six-month low of 5.1 percent and lifting the local dollar half a cent as investors pared back expectations for a cut in interest rates any time soon.

  • CBA Posts Record First-Half Profit, but Margins Down Tuesday, 14 Feb 2012 | 7:02 PM ET

    Commonwealth Bank of Australia, the country's top home lender, said first-half cash profit rose 7 percent to a record as a sharp fall in bad debt charges outweighed softer demand for mortgages and rising funding costs.