AUSTRALIA

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China jails Australian Rio officer for 10 years

A Chinese court sentenced four Rio Tinto employees to 7 to 14 years in jail on Monday for taking bribes and stealing commercial secrets, a verdict the Australian government called harsh.
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CNPC, Shell to develop natural gas in Sichuan

Royal Dutch Shell of the Netherlands and China's China National Petroleum Corp have announced a 30-year deal to jointly develop and produce natural gas in China's Sichuan basin. The deal announced today by Shell, reveals close ties that the Anglo Dutch major has fostered with China's state-owned oil majors and comes close on the heels of Shell teaming up with PetroChina in sealing the acquisition for Australia's coal seam gas producer Arrow Energy yesterday for A$3.5 billion.
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Drought threatens Australia's wheat output

Australia's wheat production is seen under pressure due to the drought in the major wheat growing provinces, said National Australia Bank. Dry conditions in Australia's top grain state represent the major threat to the potential for the country raising wheat production by some 1million tonnes next season, it said.
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China sees interest rates as heavy-duty weapon

A senior Chinese central banker on Thursday played down the need for an imminent rise in borrowing costs to keep a balance between growth and inflation in the world's third-largest economy.
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Rio trial ends, verdict could take some time

The trial of four Rio Tinto executives ended in Shanghai on Wednesday, with three contesting charges of stealing commercial secrets in a case that has highlighted China's sensitivities over its rich steel sector.
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Obama to revel in hard-fought healthcare victory

(Reuters) - President Barack Obama will revel on Tuesday in the passage of landmark healthcare legislation, a hard-fought win that will help shape his legacy and the Democrats' chances of holding power in the Congress.
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Rio staff face secrets charge after admitting bribes

Four Rio Tinto executives faced charges of stealing commercial secrets in China on Tuesday after pleading guilty to taking bribes in a trial that has thrown a spotlight on the country's opaque business practices.
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Lift injuries in the elderly

lifts pose an injury risk, especially for the elderly, who need to take special care when using them, a research done from Indiana University School of Medicine in the United States.
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Cancer patients face shortage of oncologists

According the first study into Australia's medical oncology workforce, cancer patients are going without treatment or receiving suboptimal treatments because of shortage of medical oncologists that is likely to get worse.
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Australia shifts focus from gold to gas

After gold, Australia now has shifted its focus on huge deposits of newly found natural gas off its North East coast to earn the post of energy superpower. According to Australia's Resources ministry, projects being ramped up to tap huge undersea fields off the country's northwest could quadruple its exports of liquefied natural gas in the next few years.

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