Taking a look at the satellite, and a deep low to south of Tasmania is sending gale force winds, showers and alpine snow across Tasmania and Victoria, humid southeasterlies are bring a few showers to the Queensland's north coast, a high is keeping sk
Promises by Spain to bail out the Spain's boost* financial markets, local investors await tonight's federal budget. The big mine has helped hold the market up on higher prices of copper's product. The ASX 200 rose one third of per cent will copr* bee
An official figure showed the US unemployment rate has fallen slightly. Govenment dot reviews the American economy created modestly 115000 jobs in April, taking the job's rate to 8.1 percent. It's good news for the American president Barack Obama, wh
Leading the news this morning, Economic forecaster Diloo access economist says the Treasure needs to find near 6 billion dollars in saving to return the budget to surplus. Wyane Swan says the budget surplus will allow the Reserve Bank to cut interest
Here's the story today. The federal treasurer Waine Swan has confirmed he'll deliver a surplus in tonight's budget. It's expected to be around 1.5 billion dollars. Mr Swan argued that the surplus will act as a a buffer against global finance and secu
Rupert Murdoch has down played his political influence. The news corporation boss told British inquiry into media risk said he has never asked any prime ministers for favors. Mr. Murdoch quotes being questioned about his relationship with former Brit
Leading the news this morning. The former Federal Treasurer Peter Costello is denying reports he tried to make a political comeback late last year. The ABC's 7:30 program has reported Mr. Costello demanded a young MP step aside to accommodate him. It
The chairman of News Corporation Rupert Murdoch has blamed unnamed individuals at the News of the World tabloid for covering up phone hacking. He also says he panicked when he heard of the Milly Dowler phone-hacking case and should have closed down t
Leading the news this morning, the former Reserve Bank governor Bernie Fraser has backed course for a interest rate cut of a half of one percent today, business groups and some analysts have also called for a cut 50 basis points. A 26-year-old man ha
Leading the news this morning. Workers at the Melbourne depot of National Trucking Company, first fleet have been locked out. There are reports workers in Sydney have also been shut out. The company went into administration last week citing cash flow
The Federal Opposition is calling for a fresh election after the Prime Minister suspended the backbench MP Craig Thomson from the Labor Party. The move is aimed at restoring confidence in the Parliament. Mr Thomson is moving to the crossbenchers, but
Time for the business news, and when the markets in Europe closed a couple of hours ago, London's FTSE was up 28 points, the DAX up 61 points, and the Euro Stoxx up 13. In the US, trading closed higher. The Dow was up 24, SP 500 also finishing the we
A benign inflation reading has most economists now expecting the Reserve Bank will cut the cash rate by 50 basis points by the middle of this year. Inflation rose just 0.1 per cent for the March quarter, and the annual rate is now well below the Rese
John Howard's former chief of staff Tony Nutt says he didn't follow up sexual harassment against Peter Slipper in 2003, because he was told the relationship was consensual. Mr. Slipper is facing froid and sexual harass allegations and he of course ha
Leading the news this morning, Peter Slipper's decision to step aside as speaker has once again left the numbers on a knife edge as he used to mention the separate facing allegations of fraud and sexual harassment, he is denying the claim and says he
Documents found in Osama bin Laden's Pakistanian compound show the al Qaeda leader was worried his terrorist network was unfocused and lost influence. US terrorist researchers say the papers show bin Laden had become frustrated with regional terroris
To finance. And the big four banks around the pressure to pass on the latest interest rate cut on in full. The chairman of LJ Hooker Great Palmer says a new housing starts are in the ** and a right cut will help us store confidence.The market general
Let's take a look at the satellite, a low is bringing rain to southern Vicotria and Tasmania, while the low and trough over southwest western Australia are generating showers and storms, a high is keeping the rest of the country, mostly dry. To Queen
Good Morning. Opposition leader Tony Abott has used his budget reply speech to call on Labor to change its leader. He's accused Labor of waging class warfare, and ridiculed the prejected $1.5 billion surplus. He's promised to find savings to cover ta
Cloudy is building over southeast Queensland and northeast New South Wales as a trough deepens, low cloud is lingering over southern Victoria, due to moist southeasterly winds, and cloudy is also spreading into western Australia along a trough. Looki
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