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Australia holds rate at 6.75 percent
Australia's central bank Wednesday left its overnight cash rate target at 6.75 percent but expressed concern about inflation and global economic prospects.The board remains concerned about the outlook for inflation, Reserve Bank of Australia Gov....
Seven tons of ham stolen in Australia
Thieves who stole 17 tons of ham from an Australian warehouse left behind a message reading Thanks. Merry Christmas.The holiday well-wishing was found on the wall of the Zammit Ham and Bacon Curers warehouse in Sydney when staff came in to work...
Ex-rocker joins Australian cabinet
Former Midnight Oil front man Peter Garrett has been appointed environment minister by Australian Prime Minister-elect Kevin Rudd, it was reported Thursday.Rudd, who has not yet taken office, has targeted the environment one of his top three...
Aussie army officer pleads guilty to theft
An Australian army captain has pleaded guilty in a Sydney court to stealing 10 rocket launchers from Australian Defense Force stores.The officer, Shane Della-Vedova, 46, admitted to the theft and possession of the rocket launchers over a period from...
Another bleak day for Australian stocks
The Australian share market remained weak Wednesday, dragged down by lower prices for oil and base metals, despite a solid recovery earlier on Wall Street.Prices dropped 1 percent overall with the All Ordinaries Index down 61 points to 6,433 and the...
Australian stock market dips again
Ongoing U.S. subprime mortgage fears pushed down prices on the Australian share market Tuesday after it had enjoyed its best day in 11 weeks.Prices were down more than 2 percent in early trading, but recovered to close 0.6 percent lower.The All...
Aussie Liberal Party leadership up in air
A handful of government ministers is vying to lead Australia's Liberal Party, which lost its two most senior officeholders in last week's elections.Tony Abbott, a former health minister, and Malcolm Turnbull, the former environmental minister and a...
New Australian PM forged by tragedy
New Australian Prime Minister Kevin Rudd says his father's death in a car accident helped him become the person he is today.Rudd credits his family's financial circumstances following his father's death with being a critical influence on the...
Howard appears defeated in Australia
Australian Prime Minister John Howard appeared headed for defeat Saturday as the rival Labor Party gained enough support to predict victory.I'm a cautious type, but on these numbers so far I think we have enough to form government, said Labor deputy...
Sydney drag scene coming unglued
Professional drag queens in Sydney are complaining about a lack of stages in the Australian city.Two of Sydney's longtime venues for drag reviews closed recently, leaving the performers with a dearth of places to ply their talents.There are enough...
Australian stocks end the week in the red
The Australian share market ended a dismal week Friday with prices down again.The main market indicator, the All Ordinaries Index, fell 3 points to 6,392 and the ASX 200 shed four points to 6,330.Although Wall Street was closed Thursday for...
U.S. credit woes fuel Aussie slump
The Australian share market took a third consecutive hit Thursday due to ongoing concerns about the U.S. subprime mortgage crisis.Prices slumped by 1 percent in early trading and failed to recover. The All Ordinaries Index ended the day 55 points...
