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The world oil prices continue to tremble causing further volatility on global stock markets. It has been hard to believe how much it has collapsed. In New York it dropped well below 50 US dollars a barrel in today's trade. And the price's falling is
Woodside Petroleum's attempts to buy back nearly 10% of its shares from energy giant Shell has failed. At a general meeting in Perth today 72% of votes cast by shareholders went favor of the proposal and 28% were against. The resolution needed 75% su
America's spy chief General Keith Alexander has denied ever discussing the alleged tapping of the German Chancellor's phone with President Obama. German media reports claim that Angela Merkel's mobile phone may have been tapped for more than a decade
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
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.
ANZ has flagged the 100-million-dollar rise in bad debts over the past month because of its lending to resources company. That brings the expected provisions for bad debts for more than 900 million dollars for the first half of the financial year. Th
Three people are confirmed dead and four more remain missing in two states, as the massive storm that devastated parts of the East Coast continues to cause record flooding. In Tasmanian, Police are searching for three people swept away by flood water
After posting solid gains yesterday, the share market today lost momentum and closed flat. The All Ords and the ASX 200 just giving back a few points.By the close, the falls today were led by bank and retail sectors. Gains in the resource sectors, th
Victoria's Premier Denis Napthine is heading to Canberra this afternoon to try to secure an assistance package for Toyota workers. The company's decision to stop making cars in Australia by the end of 2017 effectively spells(意味着) the end of t
Now let's get more business and finance news, in particular the markets see how they finished the trading week. And in Europe, we could see a mostly down, a quite oversee in Germany with the Dax. The FTSE finished down 76 points. Across the Atlantic,
The federal government is pushing ahead with plans to lift foreign ownership restrictions on Qantas. It'll bring legislation by the end of the week to repeal the part of the Qantas Sale Act, but it faces not-repeal battling in the senate. Labor and t
Let's go to finance and the markets have been digesting the recommendations from the government commission of audit. The chief economist at HSBC Australia Paul Bloxham says it is important to get the budget back into surplus but the whole issue has t
A moist southerly flow over New South Wales and southern Queensland coasts is producing showers with the odd thunderstorm off shore. Onshore wind about Queensland's Kent's Coast is generating scattered coastal showers. Moist easterly winds are causin
More people than never before employed in United Stats newly released official confirmed the total number of people who have job is now slartly high than the peak range before the international crisis of 2008. Corespondent say it's an important maste
Good morning everyone. Adani Group proposed Carmichael coal mine has been given final environmental approval by the Queensland government. Now that, the mine, which would become the biggest in the world, has been given the green light with 140 condit
The defence department secretary Denice Richardson has called Australia to take a strong stand with China on the South China Sea. Mr.Richardson says China will remain its longest longterm trading partner but it's not important Australia is very candi
Upper front the air is still cool over Tasmania past Victoria and New Southwales. And onshore wind still driving a few showers into Tasmania and Southern Victoria. Winds were layers and the air were warm at the influence of high. And a ridge of low p
First, it's going to be big factorial across much of the eastern and central parts of the continents is high pressure system becomes the dominant feature through the weekend. So it gonna bring small * winds along past of the New South Wales coast and
The Australian share market posted sharp falls weighed down by banks and mining stocks. The All Ords and the ASX 200 Index both lost 1.2%. The smaller oil producers were among the best performers. Iron Ore miners like Fortescue slumped. Nab was the w
Leading the news this morning.The Federal Immigration minister Peter Dutton has denied claims asylum seekers on Manus island were denied food and water during a standoff with security staff. A number of asylum seekers have been detained by police aft