AUSTRALIA

The Australian dollar appears to be building a base in the low USD0.8000s as international financial markets remain volatile.

Global miner Rio Tinto on Wednesday predicted strong iron ore demand to continue and gave an upbeat outlook for aluminum, defying sharp slides in commodity prices and fears of a double-dip global recession.

Medical doctors fear that there will be a widespread of Clostridium difficile in Australia when three elderly patients at a Melbourne private hospital were reported to be infected by the bug.

University students who are frugal on just baked beans and two-minute noodles are at greater risk of developing chronic diseases, according to a new Australian study.

It was a volatile session overnight, with AUD trading to its lowest level since July 2009, before rebounding back towards USD0.8300.

Experts have recorded a positive outlook on the rising number of Australians seeking treatment to get off heroin addiction. However, it also reveals the nation's sporadic heroin supply.

Germany inched toward a wider ban on naked short selling of stocks and Italy approved austerity measures on Tuesday to contain a euro zone debt crisis that could lead U.S. officials to urge stress tests for European banks.

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World's largest wheat exporter, the US is likely to lose its position to Black Sea states, warned US Department of Agriculture. According to a report from the USDA, Black Sea states of Kazakhstan, Russia and Ukraine look set to raise wheat exports by one half to more than 50m tonnes by the end of the decade, overtaking US for the first time since second World War.

Asia stocks fell to multi-month lows, the euro slid and oil and higher yielding currencies weakened on Tuesday on fears that Europe's sovereign debt woes will trigger a renewed crisis in the continent's banking sector.

Asian stocks fell to multi-month lows and the euro slipped on Tuesday on fears that Europe's sovereign debt woes will trigger a renewed crisis in the continent's banking sector.

Ten people have been cleared of the preliminary blood tests of the potentially fatal Hendra virus following contact with an infected horse on Queensland's Sunshine Coast.

The AUD has opened lower this morning as news out of Europe regarding the financial stability of Spain caused investors to reduce their risky positions as fears about the likelihood global economic recovery persisted.

Rio Tinto says the super-tax is likely to impact adversely on the investment climate in Australia

Global miner Rio Tinto said it is reviewing all investments in Australia due to a proposed new tax, describing the country as its No.1 sovereign risk concern and sending a weak Australian dollar even lower.

The euro struggled to hold on to gains on Monday as investors sold into its latest bounce, while Asian stocks recouped ground from last week's eight-month lows on fears the euro zone debt crisis will hit world economic growth.

Global miner Rio Tinto described Australia as its top sovereign risk on Monday and said it was reviewing all investments there as its raised pressure on Canberra to overhaul its planned new mining tax.

In response to a report that nearly half a million Australians are in urgent need of dental care, NSW Premier Kristina Keneally is being urged to lobby the federal government for a national dental health service.

The Australian Dollar did not revisit the sub 0.8100 territory on Friday's trade as it did the previous day

South Australia (SA) has had the highest rate of donors per million of population in the country for the past six years, almost double the national rate.