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OECD warns on Australia rate cuts

2015-06-04 07:31:14| BBC News | Business | UK Edition

Australia is cautioned by the OECD to keep further interest rate cuts "in reserve" and that the booming housing market is at risk of a "sharp correction".

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Mr Price to open in Australia as FY profit rises

2015-06-04 06:09:00| Daily apparel & textile news and comment - from just-style.com

South African discount fashion retailer Mr Price Group has revealed plans to open stores in Australia as early as this year as it booked a double-digit increase in full-year profit.

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Australia given more $4 billion foreign subsidies for coal projects: Report

2015-06-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Morning Herald: Australia has received more than $4 billion in money from foreign governments to fund coal projects since 2007, according to a new report highlighting the extent to which wealthy countries are still financing fossil fuels. And Australian taxpayers have subsidised coal mines and power plants around the world to the tune of $1.4 billion through the Export Finance and Insurance Corporation, a government bank that helps finance Australian projects in other countries. Government-owned finance institutions...

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Australia: Don't burden future generations by leaving emissions cuts to them: Garnaut

2015-06-01 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Age: Former climate adviser to two Labor governments Professor Ross Garnaut says Australia should ensure the heaviest burden of cutting greenhouse gases is not pushed onto future generations and new emissions targets should be set accordingly. In a paper that has been sent to the Abbott government's review of what targets to reduce emissions Australia should adopt for after 2020, Professor Garnaut proposes cuts of at least 27.5 per cent by 2025 and 40 per cent by 2030, both from 2000 levels. He says...

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Falcon and partners start drilling at Beetaloo Basin, Australia

2015-06-01 01:00:00| Hydrocarbons Technology

Global energy firm Falcon Oil & Gas along with partners Origin Resources and Sasol Petroleum Australia has started drilling at its initial three wells in the Beetaloo Basin, located in Northern Territory of Australia.

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