AUSTRALIA

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Daily Forecast - 2/12/2009

The RBA increased interest rates by 0.25% for the third consecutive month taking the official cash rate to 3.75% in a move that surprised some sections of the market.

Australia carbon scheme immaterial to world prices

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Defeat of Australia's emissions trading plans may temporarily dent political momentum ahead of next week's U.N. climate talks, but succeed or fail, the scheme is unlikely to affect global carbon prices until at least 2013.

EU carbon futures rise as oil firms

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The benchmark contract for European Union carbon emissions futures rose two percent on Tuesday after a fairly steady morning's trade as oil prices firmed, traders said.
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Senators urge renegotiation of U.S. trade deals

A group of U.S. senators urged President Barack Obama Monday to back legislation requiring the renegotiation of the North American Free Trade Agreement and a long list of other trade pacts they blame for millions of lost U.S. manufacturing jobs.
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Woodside says half of Pluto LNG workers on strike

Woodside Petroleum Ltd, Australia's No. 2 oil and gas producer, said on Tuesday about half of the construction workers for its Pluto liquefied natural gas (LNG) project have gone on strike over housing issues.
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Yen slides as BOJ meets, Asia stocks edge higher

The yen tumbled on Tuesday after the Bank of Japan called an emergency policy review to discuss ways to boost the ailing economy, but it regained some ground after the meeting when the central bank did not go as far as some investors had expected.
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Canada, Australia ranked best places for expats

Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriates.
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Australia's carbon laws face delay, poll possible

Australia's key policy to fight global warming limped closer to defeat on Monday with parliament set to delay or reject the government's carbon emissions trade scheme, raising the chances of an early election.
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Leona Lewis hopes Echo will resound

Violence and theft. Not words one would normally associate with Leona Lewis, the squeaky-clean winner of The X Factor, who went on to stunning worldwide success with her debut album, Spirit.
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Top 10 movie flops of the decade

Movie flops aren't just about losing money. Yes, big budgets that go bust are one consideration. But flops are also about lofty expectations dashed and high profiles brought low. They trigger embarrassing catcalls from the peanut gallery and a general whoever-thought-that-was-a-good-idea-in-the-first-place bewilderment.
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Australia carbon vote delay raises poll prospect

Australia's parliament delayed a final vote on a government carbon trade plan on Friday, missing a key deadline, throwing Prime Minister Kevin Rudd's climate change policy into doubt and raising the possibility of a snap election.
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Murdoch son sells News Corp stock to buy broadcaster

One of News Corp Chief Executive Rupert Murdoch's sons sold about $27.6 million of his shares in the media company this week as his investment company purchased a large stake in an Australian radio broadcaster.
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BHP denies Rio back-sliding on iron ore JV

Global miner BHP Billiton dismissed talk on Thursday that its iron ore partner, Rio Tinto , was baulking at their proposed $116 billion joint venture and said they were close to a binding agreement.
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Minara, China group in Ravensthorpe bid: source

Australian nickel miner Minara Resources Ltd will submit a joint bid with a Chinese firm on Wednesday for BHP Billiton's Ravensthorpe nickel operation, a source familiar with the bid told Reuters.
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Exercise shows opposing effects on appetite

Exercise seems to simultaneously make people hungrier, yet more readily satisfied by a meal -- and differences in these responses from person to person may help explain why some exercisers shed pounds more easily than others, researchers say.
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NZ passes carbon trade laws, Australia edges closer

New Zealand's revised emissions trading plan passed into law on Wednesday, while neighboring Australia moved a step closer to ending a deadlock stalling its carbon-trade legislation ahead of a vote this week.
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JC Flowers in pursuit of UK bank assets

U.S. private equity investor JC Flowers is circling Britain's weakened banking industry, prepared to swoop on forced divestments over the next 12 months, according to the firm's new European and Asia Pacific boss.
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71% of CEOs forecast revenue increase

What strategies will Australian CEOs be pursuing in 2010? As the globalfinancial crisis recedes, a national survey of 148 Australian CEOs shows they expect to move from survival mode to sales.
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Hours fall for underemployed not the overworked, study finds

During the global financial crisis workers who stayed in their jobs did not reduce their working hours, despite widespread government and commentator claims that cuts in hours had helped stem job losses during the downturn, new University of Sydney research shows.

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