To finance news.And the Treasurer Wayne Swan plans to lead a business delegation to China later this year.In a speech to the Australia-China Business Council late this morning,Mr.Swan was saying that Australia needs to position itself to take advanta
And the satellite shows a cold front is triggering isolated showers in the southeast. Warm and northly winds are pushing in the New Sales Wales and Queensland head of the front. And trough of low pressure is generating showers in northwest of Austral
A cold front is set to move the cross of southeast during Saturday, and this massive cloud is going to trigger some moderate to heavy falls of rain, anywhere south of about Rockhampton in Queensland, but anywhere else, the high pressure system is the
All of Australia's big four banks have failed to pass on this month's Reserve Bank's interest rate cutting full, the ANZ bank was the last to make decision announcing it would cut interest rates on variable home loans by 37 basis points, that's less
Leading the news this morning. Greece's president has until Thursday to create a government before he must call fresh elections. He is now talking with the smaller party after the anti-bailout party Syriza rejected any compromise. Opinion polls sugge
Leading the news this morning. The latest talks have once again failed to reach agreement on the new government for Greece. The political crisis has voluntarily spurt world financial markets. European shares sank into 4.5 much lower overnight. London
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
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