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New Zealand has rejected a Federal Government proposal to take some of the asylum seekers from an Australian Customs ship. The proposal is part of the governments plan to try to resolve the standoff involving 78 asylum seekers on the Oceanic Viking.
The double bomb blast in Iraq has increased fears there'll be more violence ahead of elections in January. At least one hundred people are dead and more than five hundred injured after two car bombs exploded only minutes apart near government buildin
And the assets of Julian Assange have been frozen as authorities close in on the WikiLeaks founder. Mr Assange is believed to be hiding out in England, and a warrant for his arrest has reached UK authorities. European authorities want to question him
Chilean President Sebastin Pinera has promised a review of the country's mine safety standards. Mr Pinera met the 33 rescued miners at the hospital where they are recovering. Speaking outside Copiapo Hospital, the president promised that never again
Local stocks ended only slightly high today, but they kept their best weekly performance in the year. The All Ordinaries finished up 15 points. The ASX 200 put on just nine points but it put on about four per cent for the week. Fortescue Metal Shares
The local share market took its lead from a tumble on Wall Street today and not even a hearty outlook from the RBA deputy governor could pull it up. The All Ords and the ASX 200 closed more than one per cent lower. Billabong shares fell ten per cent
BP will create a Twenty-billion-dollar compensation fund to pay damages claims arising from the worst oil spill in US history. The oil giant agreed to the demand at a White House meeting between US President Barack Obama and company executives. After
G7 finance ministers have held a telephone conference to discuss the Greek debt crisis in efforts to stabilize the euro. Traders in the Asian market were unconvinced that Europe's economic problems have been laid to rest by one-trillion-dollar rescue
Australia is poised to become the first country to introduce plain packaging for cigarettes. From 2012, the Federal Government will ban all brand names on cigarette packets. But it will still be compulsory to carry graphic warnings. The Australian ar
The International Monetary Fund says the world economy is recovering at a healthy pace. But it still needs government stimulus to keep it going. It now predicts the world economic growth will reach 3.9 percent this year. But it's cautioning financial
US President Barack Obama says new jobs figures show the United States is climbing out of a huge hole created by the recession. But he has also cautioned the figures are not cause for celebration. The jobless rate fell to 9.7% in January from 10% in
The Federal Opposition is demanding the government inspect all homes insulated under its failed scheme. More than one million homes have been insulated under the program. But the government's paying for just 200,000 of them to be checked. The Opposit
A 22-year-old woman will face court today charged with the manslaughter of the former Socceroo Ian Gray. The 46-year-old former Australian soccer player was found in his Sydney apartment on Monday night. Investigators arrested a 22-year-old at a King
Bushfire is still burning out of control near the West Australian town of Margaret River. At least 20 homes have been destroyed, more than 50 people have been evacuated. Firefighters are struggling to control the blaze, which started from a controlle
The Australian teenager facing drug charges in Bali will front court for the first time in Denpasar today. The 14-year-old boy was arrested last month for allegedly buying a small amount of marijuana. His lawyers say they expect the case to last for
Qantas and the Federal Government have welcomed that ruling by Fair Work Australia to terminate all industrial action by the airline and the unions after a marathon hearing in Melbourne. The ruling means all parties now have 21 days to negotiate a se
A man will face a Brisbane court today charged with the murder of Queensland schoolboy Daniel Morcombe. Police are continuing to search rugged bushland near the Glass House Mountains for his body. The boy disappeared almost eight years ago while wait
All finance analysts fear the massive Japanese earthquake has increased the chances of fiscal crisis in the world's third largest economy and it could affect countries around the globe. While it may be several days or weeks before the costs of the di
The US economy continues to show encouraging signs of recovery with growth picking up to 3.2 per cent in the final quarter of 2010. The result takes the annual growth rate for the last year to 2.9 per cent, the biggest increase since 2005. US Treasur
And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was down. The Dax and Euro were also lower. In the US, trading comes to a close shortly and the Dow Jones is lower, while the SP 500 is also down. The Australian dollar is