Passengers have already offered up to $1M to board the ship.» Read More
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.
It depends on whom you ask. Some traders made a killing this week, but for long-term investors things don't look so bright.
Australia cannot bank on China to fuel its resources boom for more than the next 15 years, says an expert.
Mining CEOs criticized the imposition of the mining and carbon tax even as they face a surging dollar and labor shortgages.
Analysts say a shortfall in copper supply this year could boost one of Australia's smaller copper miners, Sandfire Resources.
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.
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.
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.
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.
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.
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 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 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 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.
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.
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.
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.
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.