Global equities and crude prices eased on Thursday on concerns over economic growth after the U.S. Federal Reserve's pessimistic outlook, though the dollar recovered from the previous session's losses.
Asian stocks mostly steadied while the dollar eased on Thursday amid concerns over the global outlook after the Federal Reserve said the economic recovery was faltering.
Asian stocks firmed on Thursday, lifted by gain in miners on expectations Australia's government would compromise on a controversial mining tax, while the U.S. dollar eased after the Federal Reserve said the economic recovery was faltering.
The Queensland Industrial Relations Commission yesterday ordered the Queensland Teachers Union -- which has refused Federal Education Minister Julia Gillard's instructions to hold the NAPLAN tests -- to go ahead with the national aptitude test between May 11-13.
Kevin Rudd has made a pledge that no hospitals will close because of his planned shake-up of health funding and attacked state government bureaucrats for using scare campaigns on the matter.
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.
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.