Asia-Pacific News Australia


  • Gold Fever Gripping the Australian Outback Tuesday, 16 Aug 2011 | 2:13 AM ET

    A growing number of people are giving up lucrative jobs in Australia for a chance at the quick riches and adventure of old-fashioned prospecting. The New York Times reports.

  • Are Australian Banks a Good Bet? Wednesday, 10 Aug 2011 | 5:33 AM ET
    A Pedestrian walk past a Westpac branch in Sydney as economists wait to see if The Reserve Bank of Australia cut official interest rates today, at the RBA on February 3, 2009 in Sydney, Australia. The RBA are expected to cut rates by up to 1 percent this afternoon, taking rates down to 3.25 per cent, with further cuts already being discussed for next month. The rate cut would put pressure on the top four Australian banks to follow suit and cut their rates on the back of recently announced huge p

    It depends on whom you ask. Some traders made a killing this week, but for long-term investors things don't look so bright.

  • How Long Can China Fuel Australia's Mining Boom? Wednesday, 3 Aug 2011 | 7:28 PM ET
    Open cast mining for iron ore.

    Australia cannot  bank on China to fuel its resources boom for more than the next 15 years, says an expert.

  • iron ore mine new_200.jpg

    Mining CEOs criticized the imposition of the mining and carbon tax even as they face a surging dollar and labor shortgages.

  • Australia's Sandfire Resources a Buy: Analysts Tuesday, 2 Aug 2011 | 2:59 AM ET
    Sandfire Resources mine in Western Australia will begin full production in early 2012.

    Analysts say a shortfall in copper supply this year could boost one of Australia's smaller copper miners, Sandfire Resources.

  • Aussie Dollar Bets Rest on Rate Hike View Monday, 1 Aug 2011 | 10:42 PM ET
    Aussie Dollar

    The Australian dollar is trading at record highs but whether the currency will keep its momentum going depends crucially on whether the Reserve Bank of Australia (RBA) raises interest rates in the coming months.

  • Australia's resources sector, which has experienced a multi-year boom, is a bubble waiting to burst, according to one fund manager.

  • Billionaires’ Rise Aids India, and the Favor Is Returned Wednesday, 27 Jul 2011 | 10:39 AM ET
    Gurgaon City Centre in New Dehli, India

    On a recent wind-whipped morning, a steel-hulled behemoth arrived at a desolate stretch of India’s western coast groaning with enough coal to power a city of one million people for more than two weeks. The New York Times reports.

  • Buy Mining Plays with Assets In Mongolia: Pro Friday, 15 Jul 2011 | 5:36 AM ET

    The Mongolian mining industry, which is to benefit from China's huge appetite for resources, is a sector to bet on. One fund manager suggests investing in mining plays that are listed internationally, but have assets in Mongolia.

  • World's Biggest Gambling Nations Monday, 4 Jul 2011 | 9:03 PM ET
    Mention gambling and glitzy images of Las Vegas come to mind. But you'll be surprised to know Americans are not the world's biggest gamblers. In fact, the world’s biggest gambling nations include plenty of unlikely candidates.The rankings are based on data from , a consultancy based in London. They take into account average gaming losses (the amount bet and never recovered) in a year divided by the adult population in over 200 countries. The numbers include money lost on all types of betting inc

    The world’s biggest gambling nations include plenty of unlikely candidates. Read on to find out the countries with the biggest losers and the boldest gamblers.

  • Australia Takes the Lead in Trading Water Sunday, 3 Jul 2011 | 10:34 PM ET

    Is water the next big investment idea? Australia is sure betting on it.  The industry is valued at up to $27 billion in Australia, while last year alone over $3 billion in water rights were traded in the open market.

  • coal_pile_200.jpg

    Around 3,500 union workers at Australia's BHP Billiton-Mitsubishi Alliance, the world's biggest producer of metallurgical coal, plan several work stoppages next week but are not planning wider strike action at this stage, a union official said.

  • Rio, BHP Iron Ore, Coal Output Hit by Floods Wednesday, 8 Jun 2011 | 11:11 PM ET

    Rio Tinto  and BHP Billiton  will report lower coal and iron ore production figures for the March quarter from the previous quarter after flooding and cyclones in Australia disrupted operations, with coal mines still underperforming. 

  • Asian Markets at Crossroads on Signs of Slowdown Thursday, 2 Jun 2011 | 8:18 AM ET
    Traders sit at their desks at the Stock Exchange in Hong Kong.

    Asian stocks saw some heavy selling on Thursday, following signs of an economic soft-patch in the United States. But fund managers and traders remained divided over whether it was time to switch away from stocks and pile into safer, fixed-income securities.

  • Hong Kongers Hooked on Work Thursday, 2 Jun 2011 | 4:03 AM ET
    SAN FRANCISCO - APRIL 18: BlackBerry user Douglas Philips checks emails on his BlackBerry April 18, 2007 in San Francisco, California. Millions of BlackBerry users across the United States experienced a disruption in email service as Canada based Research in Motion dealt with technical difficulties with its email servers. (Photo by Justin Sullivan/Getty Images)

    Hong Kongers are Asia Pacific’s most hardworking people, with 77 percent glued to work outside of office hours, compared with a regional average of 66 percent, according to recruitment firm Robert Half.

  • Mining to Boost One Neglected Aussie Property Market Wednesday, 1 Jun 2011 | 12:57 AM ET
    Adelaide in South Australia

    Australia's economic growth may have slowed in the January to March quarter compared to last year, but one investment advisor is betting the mining boom in the country will continue, and that in turn will benefit one largely neglected property market.

  • Australia’s leisure industry is being buffeted from two sides because of a strong currency, as domestic travelers head abroad for cheaper holidays, and international travelers find Australia more expensive to visit.

  • The Best Risk-Off Currency Trade According to HSBC Wednesday, 18 May 2011 | 7:44 PM ET

    Until recently, currency traders looking for safer investments rushed to short the Australian dollar against the greenback, however the decoupling of the U.S. dollar from the “risk on-risk off” investment environment is forcing them to look elsewhere.

  • Open cast mining for iron ore.

    The global uranium industry, crippled by the March 11 earthquake and Tsunami in Japan, is now beginning to come out of the shock. Investors, who were earlier sitting on the sidelines, have re-entered the market to look for bargains.

  • Can Macquarie Again Become a Millionaires Factory? Friday, 29 Apr 2011 | 5:03 AM ET

    The Macquarie Group was the high flyer of the Australian Stock Exchange before the financial crisis hit in 2008. As its share price marched higher many analysts forecast  it would be the first Australian company to smash the A$100 barrier, but the global meltdown put an end to that.