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Aussie stocks soft amid geopolitical risk
The Australian share market scrambled back from early steeper losses Friday and finished 0.2 percent down amid concerns over the situation in Pakistan.Stocks followed the U.S. market dip over the assassination of former Pakistani Prime Minister...
Australian stocks gain after holidays
The Australian share market closed up nearly 0.5 percent Thursday in thin trading after the two-day Christmas break.The All Ordinaries Index rose 38 points to 6,426 and the ASX 200 finished 27 points higher at 6,351.The big mining companies led the...
Churchill relative sentenced in drug case
Australian officials sentenced the great-grandson of Winston Churchill to at least 20-months in jail for his involvement in a drug operation.Officials sentenced Nicholas Jake Barton in a nearly $12 million ecstasy supply operation affiliated with a...
Activists patrol for Japanese whalers
Activists patrolled waters looking for Japanese fishing fleets while Australia awaited a court rule on enforcing a whaling ban in an Antarctica sanctuary.What we want to do is find the fleet and enforce international conservation law against their...
Creationism row leads to manslaughter
A Briton was sentenced to five years in Australia for stabbing a man to death after the two disagreed over creationism.Alexander York, 33, of Essex, England, was convicted of the manslaughter of Rudi Boa, 28, a biomedical student from Scotland.The...
Australians face inflation problems
Australian Treasurer Wayne Swan said inflation is likely to remain a problem for the country for the next 18 months.Swan, making his first major address since the Labor Party's electoral victory three weeks ago, said the underlying inflation rate...
Another dismal week for Aussie shares
The Australian share market suffered its third consecutive day of losses Friday and ended 1.6 percent down at a two-week closing low.The All Ordinaries Index shed 105 points to 6,556 while the ASX 200 lost 106 points to 6,492.The financial sector...
Aussie PM wants action on climate change
Australian Prime Minister Kevin Rudd took a swipe Wednesday at the United States for its inaction on the issue of climate change.Speaking at the U.N. climate change conference in Bali, Indonesia, Rudd called on developed nations to take a stronger...
Australian share market takes a tumble
Australian share prices fell Wednesday prompted by investors' disappointment at the interest rate decision by the U.S. Federal Reserve.Markets had hoped for a rate cut of at least 0.5 percent but the Fed lowered its rate by 0.25 percent.The All...
Australian stock market at four-week high
Australian investors followed Wall Street's strong recovery Tuesday lifting key share market indexes to a four-week high.The All Ordinaries Index closed up 52 points at 6,738 while the ASX climbed 55 points to 6,680.An expected cut in U.S. interest...
Australian police to watch Hicks
Australian Attorney General Robert McClelland authorized the Australian Federal Police to seek a control order against former Guantanamo Bay inmate David Hicks.Hicks was captured in Afghanistan in 2001 and spent five years as a terror detainee in...
Light sentences in Australia rape appealed
Sentences for sex crimes in Australia's aboriginal community were being reviewed after it was revealed that no jail time was given in the gang rape of a child.Queensland government officials said they planned to appeal the no-time sentences given to...
