AUSTRALIA

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Hawkish Asia rate views hurt bonds; stocks down

Government bonds in Australia and South Korea fell on Thursday as investors pushed forward expectations for interest rate rises in 2010 because of bullish growth views, while Asian stocks slid on year-end profit taking.

Australia dollar jumps on jobs; Asia stocks steady

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The Australian dollar surged on Thursday after November jobs growth blew away expectations, while Asian stocks posted small gains ahead of a slew of Chinese economic data on Friday expected to reflect robust growth.

Daily Forecast - 10/12/2009

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The Australian Dollar opens marginally higher today at 0.9060 after another bout of risk aversion saw the unit trade as low as 0.9017 during Asian trade on Wednesday.
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Caledon Resources says not to sell co, shares fall

Australian coal producer Caledon Resources Plc said on Tuesday it will not pursue sale of the company, following an extended strategic review, sending its shares down 15.5 percent in early trade on the London Stock Exchange.
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Tiger Woods' mistress count expected to hit 12

Tiger Woods reportedly had romance relationships with nine different women according to reports Monday. The number of mistresses is expected to increase to 12 by the end of the week, according to MSNBC.
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TEPCO to acquire stake in Wheatstone LNG project

Japan's Tokyo Electric Power Co said on Saturday it has signed a Heads of Agreement with U.S. major Chevron to procure 4.1 million tonnes per year of liquefied natural gas from Australia's Wheatstone project. Under the agreement, TEPCO, Japan's top utility, will acquire 15 percent of Chevron's equity stake in Wheatstone field license and an 11.25 percent stake in Wheatstone gas processing facility.
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Tiger Woods' dated 9 women, names, details

About nine women have emerged on Tiger Wood's affair record in the last week, including waitresses, a club hostess, a marketing manager, a British TV presenter and a porn star.
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World Cup rankings

The draw of the teams who will face each other in the 2010 World Cup in South Africa took place Friday in South Africa.
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Encouraging signs for cash at climate summit: U.N.

A U.N.-led drive to raise cash to help poor nations cope with global warming is looking fairly encouraging, three days before a 190-nation climate conference, the U.N.'s top climate official said on Friday.
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Japan trading giants to tap $1 trillion water market

Japan's trading houses, which made fortunes from heavy bets on coal and iron ore, see water as their next big investment target as industrialization and urbanization in emerging economies boost demand for clean water.
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Asian shares hold week's gains before jobs data

Asian stocks held most of the week's gains before monthly U.S. jobs data on Friday, although property and bank shares fell in many markets as soft U.S. data raised concerns about the pace of economic recovery.
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The Evolution of a Traveller

I'm a flashpacker and I'm proud of it. I haven't always considered myself one, of course. I used to relish sitting on train
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ECB takes first steps to rein in market support

The European Central Bank will start to unwind its crisis support for the euro zone economy this month but made clear on Thursday these moves are not meant to signal a coming rise in benchmark interest rates.
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Fed officials say timing exit difficult

Federal Reserve officials sounded a relatively upbeat note on the U.S. economy on Wednesday, but warned timing withdrawal of the bank's extraordinary support for the economy will prove difficult.
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Fed must not dither on timing exit, Lacker says

U.S. central bankers should not let pockets of weakness distract them from fighting inflation as the economy recovers, Richmond Federal Reserve Bank President Jeffrey Lacker said on Wednesday.
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Australia carbon laws fail, election possible

Australia's parliament rejected laws to set up a carbon trading scheme on Wednesday, scuttling a key climate change policy of Prime Minister Kevin Rudd and providing a potential trigger for an early 2010 election.

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