Passengers have already offered up to $1M to board the ship.» Read More
The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.
As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.
Australia’s mining boom isn’t over like some market bears have suggested, but is instead moving into the next phase of the cycle, according to Martin Whetton, Interest Rate Strategist for Australia and New Zealand at Nomura.
Global iron ores prices, which are already near three-year lows, have more to fall, says independent economist Andy Xie. He forecasts prices to drop more than 40 percent to $50 per metric ton by mid-2013.
As evidence has mounted that the economy is slowing, Beijing has kept the world on tenterhooks, delivering none of the big stimulus measures many analysts have predicted.
The slumping iron ore price is providing the perfect opportunity to build up positions in Australia’s top iron ore producers, experts tell CNBC.
The file-sharing news website TorrentFreak.com released a list of the 10 most-pirated movies of all time, compiled from BitTorrent tracking data since 2006.
"Road Warrior Tested" reviews the Hilton Sydney, an upscale property in the heart of Sydney's central business district and close to all the major attractions.
Rob Moodie, Professor of Public Health, University of Melbourne explains why he thinks that Australia's new anti-smoking law banning logos on cigarette packs is a good thing.
Australian business conditions deteriorated in July as retailers and wholesalers complained of falling sales and profits, a survey reported on Tuesday even as it found a marked improvement in confidence as firms thought things would get better.
Mark Rolfe, Lecturer - School of Social Sciences and International Studies University of New South Wales and Peter Chen, Lecturer - Department of Government and International Relations, University of Sydney explain why they don't think that Julia Gillard will survive a re-election. They further discuss reasons why their respective candidates of choice are likely to win the next election.
First it was the Aussie dollar, now it is Australian banks that are being viewed as safe havens among global financial stocks, as their Western counterparts face more regulatory scrutiny, say analysts.
Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.
Karl Smich, CEO of Sandfire Resources said his company is already selling China material from its DeGrussa Mine which will be commissioned next month. He added that the mine is on track to start full production next year.
Release of Chinese data is always a big risk event for Aussie assets and this week is no different, with a slew of data due from the world’s second-largest economy on Thursday. But experts say unless the data miss targets by a significant margin, the appetite for assets such as the Aussie dollar and bonds will remain strong.
The resurgence of American auto manufacturing in the 1980s is an example of how one industry created tens of thousands of good jobs. The NYT reports.
"Road Warrior Tested" reviews the Radisson Blu Hotel, an upscale property in Sydney's central business district. Trivia: The building housed which local newspaper?
Ritesh Maheshwari, MD, Financial Services Ratings for Asia-Pacific, Standard & Poor's discusses how Asia Pacific banks are expanding their presence in the region.
The Australian Federal Government is facing one of its biggest fights over its controversial mining tax, after one of the country’s biggest iron ore miners lodged a challenge against the High Court against the legislation.
Australia’s Deputy Prime Minister and Treasurer Wayne Swan has denied that Australia’s economy is at risk of a Spain-like economic crisis, calling the thesis put forth by the former chief Asia-Pacific economist for Morgan Stanley, Andy Xie “absurd”.