The Australian sharemakert managed to closed higher after a fairly flat day on Wall Street overnight. The All Ordinaries Index added a tenth of a per cent, as did the ASX 200 index. Across the region, it's a mixed session. The Nikkei in Tokyo has rev
A number of Sydney school students could face jail for allegedly importing drugs into the country. Custom says international crime sydicates are offering teenagers sums of money to accept packages from China. Two students, aged 15 and 16, are facing
Leading the news this morning. The Opposition has moved to a 52 per cent lead over the Coalition's 48 per cent on a two-party-preferred basis as according to a FairfaxNielsen Poll out this morning. Fairfax calls the fastest recovery by any Opposition
The governor of the Reserve Bank of Australia Glen Steven has hinted that intervening in currency markets to force the value of the Australian dollar down isn't out of the question. He was speaking overnight to mark the 30th anniversary of the floati
A trough is triggering storms over inland Western Australia, the Northern Territory, Queensland and northern New South Wales. A low in the southeast is generating rain and wind in Tasmania while tropical cyclone Alacia is approaching Kimberly. Lookin
British police have rescued three women held against their will in a London house for 30 years. The women are from Britain, Ireland and Malaysia and are aged between 30 and 69. Police say the British women appears to have spent most of her life in ca
Primer minister Tony Abott will repair relationship with Indonesia which is damaged by revelation of espion. Warning against short apologies, he promises to respond quickly to Indonesian concerns. Mr. Abott will respond to Indonesian decision on susp
Home owners shouldn't be expecting a rate cut anytime soon if the minutes from the Reserve Bank's November meeting are anything to go by. Some economists say the wording could still mean a cut could be up to 12 months away, but the minutes make a fai
Indonesia has recalled its ambassador and it's also reviewing all co-operation with the Australian government over the latest spying revelations. Documents obtained by the ABC show attempts were made to listen to the phone conversations of Indonesia'
Leading the news. All 50 people onboard a Russian plane have died of a fire crash in the airport of the city of Kezan. Tbe Boeing 737 had taken off from Moscow and was reportedly trying to land for a third time when it crashed and exploded on impact.
Shares in Warrnambool Cheese and Butter are on a trading halt. That as the Canadian dairy company Soputo tells Warrnambool its revising its offer for a buyout. Soputo has so-far offered eight dollars a share for Warrnambool. The other bidders in the
State and territories education ministers will meet in Sydney shortly to try to thrash out a deal on school funding. The government has come under fire for deciding to doubt Labor's school funding model after 2014. New South Wales, Voctoria, Tasmania
China has warned that there will be consequences if Australia doesn't withdraw criticism of a new air defense that China has established in the East China Sea. Foreign Minister Julia Bishop says the announcement was unhelpful and it will not contribu
Lets take a look at the satellite. Ex-tropical cyclone Alicia is generating heavy showers and storms near the gulf of carbon interior. A trough is triggering areas of thundery rain in Queensland and northern New South Wales. A cold front is bringing
Graincorp says the Federal Government's jeopardised the future of rural infrastructure along Australia's east coast by rejecting Archer Daniels Midland's takeover proposal. The Treasurer Joe Hockey said the multi-billion dollar deal was not in Austra
A trough in the east is bringing showers and storms to eastern New South Wales and potentially severe storms to southern Queensland. Another trough stretching through WA and South Australia is triggering isolated showers and storms. Looking around th
Sixty-five Australians are among nearly 350 people arrested after Canadian police smashed a huge international child pornography ring based in Toronto. Nearly 400 children around the world have been rescued and an online tip-off from a website in Can
Both sides of politics have paid tribute to Kevin Rudd after he announced that he is to quit politics. The two-time prime minister's made a tearful farewell to Federal Parliament, saying he wants to spend more time with his family. Mr Rudd's retireme
And business groups want the carbon tax gone by the end of the financial year. Innes Wilox from the Australia Industry Group says the longer it stays, the more costly it will be for business. The moment business faces a pretty terrible prospect of ha
A new video of the man thought to be Australia's first suicide bomber has emerged on the internet. The man known as Abu Asma blew himself up at a Syrian army checkpoint in September. The video shows the terrorist group preparing the massive truck bom
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