CANBERRA, May 16- Australia is set to buy up to $3 billion worth of long-range maritime patrol drones and said on Thursday it had asked close ally the United States for detailed information and costings on the U.S. Navy's MQ-4C Triton unmanned aircraft.
CANBERRA, May 14- Australia's struggling Labor government on Tuesday used the last budget before national elections to delay a long-promised return to surplus, blaming a stubbornly high Australian dollar and lower commodity prices for a dramatic fall in revenues.
*Australia commits to F-35 purchases, to buy Boeing Growlers. CANBERRA, May 3- Australia announced a significant boost to its military air power on Friday, committing to buy up to new 100 Lockheed Martin Corp F-35.
*New defence strategy accepts rise of China's military* Australia says China-US need to build strategic relationship By James Grubel. CANBERRA, May 3- Australia announced a significant boost to its military air power on Friday, committing to buy up to new 100 Lockheed Martin Corp F-35.
CANBERRA, May 3- Australia committed to long-term plans to buy up to 100 Lockheed Martin Corp F-35 Joint Strike Fighters as part of its new defence strategy on Friday, easing concerns about the future of the controversial fighter from a major foreign buyer.
CANBERRA, April 29- Australian Prime Minister Julia Gillard, well behind in opinion polls for elections in September, has ruled out a major spending spree to win back voters, conceding that the stubbornly high Australian dollar has put a A $12 billion hole in government revenue forecasts.
PERTH, April 12- Woodside Petroleum has shelved plans for its $45 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant after deciding the onshore development did not make economic sense.
BOAO, China, April 7- China's President Xi Jinping pledged on Sunday that change and peaceful development will power his country's economic rise and sustain growth within its borders and beyond.
--Clyde Russell is a Reuters market analyst. That's the question that should be asked after Thursday's announcement by Royal Dutch Shell that it would close its Geelong refinery in Victoria state and convert it to an import terminal if a buyer couldn't be found.
CANBERRA, April 3- Australia will force corporate giants such as Google Inc and Apple Inc to disclose their tax arrangements in an effort to curb alleged tax avoidance by multinational corporations.
SHANGHAI, April 3- China and Australia will launch direct trading between the two currencies in Shanghai and Sydney within weeks to lower trade transaction costs, a foreign bank source with direct knowledge of the matter told Reuters on Wednesday.
Australia's prime minister appointed Gary Gray, a former adviser to the country's largest oil and gas firm Woodside Petroleum, as resources minister on Monday.
*Euro stabilises on Cyprus optimism. *China manufacturing activity improves in March. European markets, however, were expected to ease as investors await negotiations over the Cyprus deal, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 0.2 percent.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Feb 12- The increasingly strident calls by some Australian politicians to either tighten or scrap the country's controversial mining profits tax ignore that the measure is working as it is supposed to.
CANBERRA, Jan 31- Australia faces a possible fourth straight year of political instability after opposition leader Tony Abbott, on track to win power in a September election, threatened a second poll if a hostile upper house rejects his plan to scrap a tax on carbon.
CANBERRA, Jan 30- Australian Prime Minister Julia Gillard set national elections for Sept. 14, stunning voters on Wednesday with eight months notice of the vote in a bold move designed to end political uncertainty surrounding her struggling minority government.
A deluge fed by the ex-tropical cyclone Oswald dumped more than 200 millimetres of rain in some areas of the Queensland and New South Wales states over the past three days, swelling rivers and swamping towns.
CANBERRA, Dec 20- Australia's government abandoned a long-held pledge to return its budget to surplus, blaming a painfully high local currency, lower export earnings and lower company profits for blowing a massive hole in tax takings.
UNITED NATIONS- The U.N. General Assembly is set to implicitly recognize a sovereign state of Palestine on Thursday despite threats by the United States and Israel to punish the Palestinian Authority by withholding much-needed funds for the West Bank government.