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Asia-Pacific News Australia


  • BHP, Rio OK $4.5 Billion Escondida Copper Expansion Monday, 13 Feb 2012 | 9:35 PM ET
    Chiquicamata Coppermine, Atacama Desert, Chile

    BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5 billion expansion of the massive Escondida mine in Chile, while BHP plans to reopen a U.S. copper mine idled three years ago.

  • Commonwealthbank_opt.jpg

    Moves by Australian banks to raise mortgage rates independently of the central bank did not change the impact of monetary policy, a top central banker said on Tuesday, dampening speculation of a cut to its official rate in response.

  • A Leighton crane works over the Spencer Street Station redevelopment which has been renamed Southern Cross Station, in Melbourne.

    Leighton Holdings, Australia's top contractor, cut its outlook for 2012 to below analysts' forecasts, knocking its shares down on Monday, the latest disappointment after a disaster year.

  • Telstra First-Half Profit Up, Keeps Annual Guidance Wednesday, 8 Feb 2012 | 6:37 PM ET

    Telstra, Australia's largest phone company, reported higher first-half earnings and maintained its full-year guidance on Thursday, as nearly 1 million new mobile subscribers offset a fall in sales at its Yellow Pages Sensis business.

  • Australia Seen as Ideal Home for Expats Sunday, 5 Feb 2012 | 9:27 PM ET

    Australia beat out the United States and Singapore to take top place among expatriates as an ideal residence for quality of life and career prospects, according to an international survey released on Thursday.

  • Australia Retail Sales Subdued, Rate Cut Looms Sunday, 5 Feb 2012 | 9:01 PM ET
    Woman shopping for clothes

    Australian retail sales slipped unexpectedly in December as consumers spent less on food and eating out, a soft end to a subdued quarter for shops and another reason to expect a cut in interest rates this week.

  • Mining equipment is submerged by flood waters on January 6, 2011 in in the central Queensland city of Rockhampton, Australia.

    An Australian military aircraft on Friday was due to deliver needed supplies to a flood-stricken town hit by the worst of summer flooding in eastern parts of the country, with coal mining and agriculture also affected.

  • Extreme Closets Thursday, 2 Feb 2012 | 3:01 PM ET
    Luxury home aficionados and voyeurs know that walk-in closets are a given in any modern or updated high-end property. Many mansions and penthouses have closets larger than the footprint of entire apartments rented by the non-rich and non-famous (ahem).  However, two of the most coveted closets are improbably located in apartments in New York, where even decent-sized closets are rare. One belongs to Mariah Carey, who showed it off on “MTV Cribs” and it is really more of an ostentatious wardrobe r

    The following collection of extreme closets have a marvelous urban example, as well as several remarkable closets from other continents.

  • Aussie Dollar Heading Towards $1.18: Charts Tuesday, 31 Jan 2012 | 7:11 PM ET
    GUPPY FEB 1 AUD.jpg

    The chart pattern suggests an initial target of $1.18 and this is usually followed by a consolidation.

  • Australia-$100-bills_200.jpg

    Despite facing a series global headwinds and soft numbers out of Australia in recent weeks, the Aussie dollar has remained resilient — rising 3.5 percent since the start of the year. But one analyst is calling for the commodity currency to drop as low as 80 to 90 cents against the U.S. dollar by the end of 2012 on increasing downside risks.

  • Aussie Dollar Decouples to Race to Highs Wednesday, 25 Jan 2012 | 7:25 PM ET

    Australians are leaving their country in large numbers. Over the past year, a record 7.6 million local resident have left the country on short-term trips, HSBC says, as they take advantage of the strength of the Australian dollar to travel abroad. The Financial Times reports.

  • Australia Third Quarter Capital Spending Rises 12.3% Tuesday, 29 Nov 2011 | 8:03 PM ET

    Australian private new capital expenditure rose 12.3 percent in the third quarter in  seasonally adjusted real terms, compared with the previous quarter, the Australian Bureau of Statistics said on Wednesday.

  • Australia Business Confidence Ticks Up in October Monday, 7 Nov 2011 | 9:22 PM ET
    Sydney Harbor Bridge & skyline

    Australian business conditions softened slightly n October but  firms grew more confident on he future as speculation swirled about a possible cut in interest rates, a survey showed on Tuesday.

  • australia_sydney_200.jpg

    Australian business confidence suffered a sharp fall in the third quarter, yet investment intentions remained strong, a survey on Thursday showed, offering hope that a tentative rebound in sentiment in September will persist. 

  • Australian CEOs Don't Fear a Chinese Hard Landing Wednesday, 26 Oct 2011 | 2:48 AM ET
    Australian CEOs said they weren't worried about a major slowdown in China on the sidelines of the Commonwealth Business Forum in Perth.

    Australian CEOs at the Commonwealth Business Forum in Perth sounded a decidedly upbeat note about the future of trade with China despite looming uncertainty about the global economic picture as Europe grapples with its sovereign debt crisis.

  • mining_iron_ore_2_200.jpg

    The “extraordinary” decline in global resources stocks is a buying opportunity for investors, one chief investment officer, told CNBC on Tuesday.

  • AngloGold CEO on Gold Prices & Industry Outlook Tuesday, 25 Oct 2011 | 9:45 PM ET
    AngloGold CEO on Gold Prices & Industry Outlook

    Gold prices could surge above $2,200 dollars an ounce within the next 2 years, believes AngloGold Ashanti's CEO Mark Cutifani. He also offers his outlook on the gold mining industry.

  • Fortescue CEO Sees Sustained Chinese Iron Ore Demand Tuesday, 25 Oct 2011 | 9:20 PM ET
    Fortescue CEO Sees Sustained Chinese Iron Ore Demand

    Iron ore prices slumped as China demand slows but Fortescue Metals' CEO Nev Power, still sees strong long-term demand from the mainland. He explains his optimism.

  • Gillard's Mining Tax Is Hurting Business Tuesday, 25 Oct 2011 | 6:35 PM ET
    Gillard's Mining Tax Is Hurting Business

    Colin Barnett, Premier of Western Australia, says the proposed mining levy is not only affecting sovereign risk, but also the financing of some of the mid-cap projects in the state.

  • BHP Australia Coal Miners to Continue Work Stoppages Friday, 14 Oct 2011 | 3:09 AM ET

    Workers at global miner BHP Billiton plan more work stoppages at all of the company's Australian coal mines next week after voting to reject a new employment contract proposed by BHP, the workers' union said Friday.