Oil near 8-week high as storm forces Mexico to slow exports
Oil touched its highest price in almost eight weeks on Monday, trading near $79 as tropical storm Alex forced Mexico to slow oil exports and some offshore U.S. producers to evacuate platforms and curb output.
Japan's Nikkei average fell 0.45 percent on Monday, with the dollar little changed against a basket of currencies, despite an upbeat sign for the macroeconomic outlook on Friday from U.S. consumer sentiment, which rose in June to its highest since January 2008.
G20 delays new bank rules to safeguard recovery
The G20 has agreed to give banks more time to adopt tougher global rules in a concession that the body tasked with coordinating reforms said would both safeguard the recovery and ultimately lead to stronger banks.
Abbot lambasts new PM's educ for wasting educ funds
Opposition Leader Tony Abbot commented last Sunday that Julia Gillard have managed to waste $8 billion on school halls during her days as deputy prime minister and will not be any different as she takes on her new role as new Prime Minister.
Thick oil soils Mississippi shore as storm looms
Gluey gobs of thick oil from BP Plc's Gulf of Mexico spill washed ashore in Mississippi for the first time on Sunday as Russia called for a special levy on oil companies to finance a fund to help clean up environmental disasters like this one.
International education industry slumps due to Aussie policy changes
The Hospitality Training Association (HTA) has requested to all levels of government to address the nation's international education export industry.
Editor gets criticized for anti-breastfeeding statements
An anti-breast feeding article released yesterday by a parenting magazine has caused fury by the Press Complaints Commission.
G20 push for IMF voting power deal by November
Group of 20 leaders pledged on Sunday to push for agreement on greater voting power for emerging economic powers in the International Monetary Fund by the next summit in Seoul, South Korea, in early November.
Foursquare close to obtaining funding: report
Startup website Foursquare, a location-based services company, is close to getting new funding that would allow it to expand, The Wall Street Journal reported on Sunday.
Air China to buy 20 Boeing planes for $1.4 billion
Air China said late on Friday that it would buy 20 Boeing 777-800 airplanes for $1.4 billion.
Bicyclists complain of speed limit at new bridge
Several bicyclists were left disappointed when the new pedestrian path on the new Sir Leo Hielscher Bridge, which was opened yesterday, had a speeding limit.
Fed Gov't criticized for lack mental health funding
Experts say that more funds should be spent in mental health issues or else a nine-month government inquiry into suicide prevention is put to waste.
Actions more important than deficit goals: IMF chief
The head of the International Monetary Fund, Dominique Strauss-Kahn, said on Sunday the G20 nations' target to halve their deficits by 2013 was not as important as the measures they implement to reduce debt.
Stocks eye jobs amid economic worries
Stock investors will anxiously await the crucial June jobs data this week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.
Storm looms as thick oil soils Mississippi shore
Gluey gobs of thick oil from BP Plc's Gulf of Mexico spill washed ashore in Mississippi for the first time on Sunday as Russia called for a special levy on oil companies to finance a fund to help clean up environmental disasters like this one.
Residential program for NSW children continues
A residential program that would provide special educational support for children in rural and remote areas in New South Wales has been granted a reprieve.
Wrong pay certificates of health workers not honored - Bligh
Premier Anna Bligh said that Queensland Health workers should not be worried if their tax payment summaries are incorrect.
Poll shows children admitted to hospitals due to burns
A survey shows that almost 990 children were admitted to hospital for the past three years for burn treatments. Most were treated for surgery and skin grafts.
G20 offers no big boost for fearful markets
Deficit pledges made by Group of 20 leaders on Sunday won't provide a big boost for financial markets, with uncertainty about the strength of global economic recovery still the larger concern for investors.
Australian Dollar Outlook 28/6/2010
he Australian Dollar dealt above 0.8700 on Friday night as equity markets traded in a wide range.
FSB backs longer phase-in for new bank rules
Giving banks more time to comply with tougher global capital rules would avoid diluting the new standards, the Financial Stability Board said on Sunday.
Sydney kids hospitals get new beds
Patients at the two Sydney Children's hospitals will receive new beds as part of the $11.5 million fund for health and hospital reforms by the State and Federal Government to boost health services for children across New South Wales.
G20 drops China-sensitive plaudits on yuan reform
World leaders ditched plans to welcome Beijing's shift toward greater exchange rate flexibility at a G20 summit in Toronto on Sunday, highlighting China's sensitivity over the issue.
G20 parts ways in search of lasting recovery
World leaders agreed on Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries.
Vic coalition assures $150M for ambulance services
The coalition said it would provide ambulance services in Victoria if it wins at the November state election.
Daily forex forecast 28/6/2010
Daily forex forecast 28/6/2010
G20 walks tightrope between growth, deficits
World leaders agreed on Sunday to take separate paths toward shared goals of lasting growth and safer banks as two years of global crisis give way to a fragile economic recovery.
Toronto police fire tear gas on G20 protesters
Police in Toronto fired tear gas on protesters for a second straight day on Sunday as new violence surrounding the G20 summit erupted and the arrest tally climbed above 500.
Central bankers urge Europe to sort out debt crisis
Europe must solve its sovereign debt crisis so as not to endanger the uneven global economic recovery, which is led by China and emerging economies, central bankers said on Sunday.
Toronto arrest total tops 500 after night of riots
The arrest tally from rioting in downtown Toronto climbed above 500 on Sunday, including four who climbed through the sewer system and emerged near the lock-down area where world leaders were attending the G20 summit.
Oil spill teams keep wary eye on storm in Gulf
The Atlantic hurricane season's first named storm posed an uncertain threat to the Gulf of Mexico on Sunday, as a report said relief wells may halt the worst U.S. oil spill ahead of schedule.
