Latest Australia News
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Stocks to watch at close on Tuesday
Stocks to watch on the Australian stock exchange at close on Tuesday: NWS - NEWS CORPORATION - down nine cents at $33.89 NWSLV - NEWS CORPORATION NON-VOTING SHARES - down two cents at $33.77 News Limited has sold NRL club Melbourne to a private consortium gathered by New Zealand entrepreneur Bart ...
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Cowboy Bowens NRL deadline looming
A deadline is looming as North Queensland sweats on off-contract fullback Matt Bowen's fate. But Cowboys coach Neil Henry says he is keeping his fingers crossed the livewire No.1 remains a one-club player. Reports linking 31-year-old Bowen to rival NRL clubs were dismissed as "rumours" by Henry on Tuesday. However, Henry admits his club will need to decide on what to do with ...
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Aust shares close lower
The Australian market has closed around half a per cent lower, dragged down by weakness among the banks and industrial stocks. CMC Markets trader Ben Taylor said the local market finished in negative territory, following weak global leads. He said markets were anticipating that US Federal Reserve chairman Ben Bernanke would announce more quantitative easing (QE) in his speech to Congress on ...
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A-League now soccers backbone Gallop
Football Federation Australia (FFA) boss David Gallop does not believe it would be a "disaster" for the Socceroos to not qualify for the 2014 World Cup. With the Socceroos facing World Cup qualifiers in Japan on June 4, followed by hosting Jordan in Melbourne on June 11 and Iraq in Sydney on June 18, Gallop isn't banking everything on the national side making it. Gallop says he ...
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Spend less or tax more Parkinson says
Australians expect more from their government than they are willing to pay and the community will need to decide whether it wants to cut spending or raise taxes, Treasury secretary Martin Parkinson says. Dr Parkinson said community expectations would need to change for state, federal and local government budgets to be in surplus over the long term. "We have a big gap between what the ...
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Qld economy crisis make-believe Labor
The Queensland government's controversial Costello audit was used to conjure up a "make-believe" crisis to justify mass sackings and privatisation, the state opposition says. In a scathing response to the report on Tuesday, shadow treasurer Curtis Pitt told parliament former federal treasurer Peter Costello's audit of the state's finances used pessimistic population ...
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Missing Qld womans husband in court
The husband of missing Gold Coast woman Novy Chardon has appeared in court on a string of unrelated charges. John Chardon, 65, was arrested and charged on Monday and appeared in court on Tuesday. Regional Crime Co-ordinator Detective Superintendent David Hutchinson says police can't discuss the matter. "It's all before the court now and all we can say is that it is unrelated to ...
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US pedophile jailed thanks to Australian police
The arrest of a pedophile in Australia has led to a US judge jailing Kansas child molester Philip Andra Grigsby for 260 years. The trans-Pacific child abuse investigation began in Australia a year ago when a pedophile in Australia, who can't be named for legal reasons, was arrested and a search of his computer discovered emails containing attachments with child pornography. One of the ...
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Mix on top as Sattler takes a hit
6PR's Sattler was diagnosed with Parkinson's disease last year and since then his ratings have been varied.He enjoyed a spike during the previous radio survey, but was again down 1.1 points in the latest Nielsen results released today, to hold 8.4 per cent of the audience.Nova 937 continue to dominate the drive timeslot gaining another 1.4 points, bringing its audience share to 15.2 ...
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Abbott denounces Governments Brisbane rail funding pledge
Opposition Leader Tony Abbott has dismissed the Federal Government's budget pledge for Brisbane's Cross River Rail plan. Last week, Treasurer Wayne Swan promised $715 million for the $5 billion project. But Labor is locked in a funding stoush with the Queensland Government. Mr Abbott says the Federal Government is not being "fair dinkum". "It's more of the kind ...
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Young Adelaide Crows player Rory Laird fined $560 for speeding
YOUNG Crows player Rory Laird today avoided having his wings clipped after losing two demerit points and being fined $75 for speeding. Laird, 19, was caught speeding on Tapleys Hill Rd, Glenelg North, in November last year. The Elizabeth Magistrates Court today heard Laird was driving at 69km/h in a 60km/h zone. The court heard the P-plater was driving his dad's car at the time and Laird had ...
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Short odds on scrapping of gambling ads
AFL management says it's necessary, but it drives the prime minister crazy and at least one state has had enough. So it's an odds-on favourite the screening of live betting odds during sports broadcasts faces extinction, as the public outcry over the negative effects on child viewers gathers momentum. South Australian Labor Premier Jay Weatherill is taking the first step with plans to ...
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Australian zoo says white rhino birth sign of hope
SYDNEY (AFP) - An Australian zoo said Tuesday the birth of a southern white rhinoceros was a "sign of hope" for the species given the escalation of poaching in Africa.Taronga Western Plains Zoo said the yet-to-be-named male calf was born to first-time mother Mopani in the safari-style animal park in Dubbo, 400 kilometres (250 miles) west of Sydney, on May 14."It seems the first ...
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Treasury stands by budget forecasts
Treasury secretary Martin Parkinson says the economic and revenue forecasts included in the federal budget are his department's best professional estimates, though numbers are likely to change by the time of the September election.Treasury is legally required to release its Pre-election Economic and Fiscal Outlook (PEFO) during the election campaign in August.The federal opposition has said ...
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Prices stumped forecasts Treasury bos
Treasury secretary Martin Parkinson concedes his department has struggled to keep pace with a "tumultuous" decade for the Australian economy.Addressing an economists' lunch in Sydney, Dr Parkinson said the difficulty Treasury and other economic forecasters had had was predicting the path of global commodity prices, the exchange rate and capital gains."While our forecasts for ...
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Rates to aid economy transition Treasury
The resources sector's contribution to economic growth will fall because increased production won't be enough to offset the decline in mining investment, Treasury Secretary Martin Parkinson warns.Dr Parkinson says the economy faces two major transitions over the next few years, which while supported by lower interest rates, will be challenged by continued weakness in the global economy ...
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Red Wings earn series lead
The Detroit Red Wings took a 2-1 lead in their Western Conference semi-final series over the Chicago Blackhawks in the NHL on Monday.The Red Wings scored twice in the space of 31 seconds in the second period at the Joe Louis Arena, opening up what proved to be a match-winning buffer.Rookie Gustav Nyquist and Drew Miller were credited with the goals that put Detroit 2-0 up in the match on home ...
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CA might look at social media policy
Chief executive James Sutherland says Cricket Australia might need to look at developing a social media policy in light of the David Warner ...
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Australia name womens Ashes squad
Australia have named a 15-player squad for the women's Ashes tour of England, including all 14 players contracted for the 2013-14 season as well as the batsman Sarah Elliott as a Test specialist. Elliott will fly home after the one-off Test and is the only player from outside the contract list to be part of the official touring party, although the 17-year-old Jemma Barsby will join the ...
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Quarter of Australian children aged 8-12 are underage Facebook users
Australia A survey has found a quarter of Australian children aged between eight and 12 use Facebook, despite the minimum age for a user being 13.Tech company MacAfee surveyed 500 tweens - children aged between eight and 12 - and found more than two-thirds are on Facebook. The survey discovered that children found ways to get around the age restrictions, but in most cases they were given ...
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Apple uses firms outside US to avoid taxes Senate report
A US Senate report has concluded that Apple Inc has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any ...
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Rentals still strong for Thorn Group
People with bad credit histories are flocking to the Radio Rentals' brand, helping boost the revenues of its parent company by eight per cent . The Radio Rentals businesses posted record rentals and revenue for the 12 months to March 31. Thorn Group reported revenues of $203 million for the 12 months but net profit was flat at $28 million due to the cost of developing new products. Thorn ...
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Negative gearing report wrong Hawke
Liberal backbencher Alex Hawke says the coalition has no plans to alter existing negative gearing arrangements, saying a media report to the contrary is false. The West Australian newspaper on Tuesday said the coalition's promised review of the taxation system could lead to the scrapping of the tax break on investment properties. But Mr Hawke told Sky News "the coalition has no plans ...
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Melb man Adrian Bayley to face rape trial
A Melbourne man will stand trial on multiple counts of rape next year. Adrian Ernest Bayley, 41, appeared in the Victorian County Court on Tuesday facing 14 charges in total. The offences allegedly occurred in the St Kilda area and date back to 2000. Bayley, of Coburg, was not asked to enter a plea on Tuesday but during a previous appearance in the Melbourne Magistrates Court he pleaded not ...
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Mike Carlton lashes Australian Story
, claiming his comments were "selectively edited" by the show's producers to give a glowing account of his former radio nemesis Ray Hadley. Carlton launched his tirade via his Twitter account, describing the program, which aired on Monday night, as a "travesty", "disgrace" and "garbage". On Tuesday, Carlton tweeted: "Bizarre that last ...
Brisbane Digest
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Cost of driving is becoming punitive in Brisbane
Is driving in Brisbane becoming punitively expensive? With the recent toll increases, on top of those made in 2006 and 2008, as well as last year, and the recent mis-management surrounding the privatisation of major roads in Sydney, it seems that using major roads in Brisbane is going to become even more expensive.
Brisbane, like many cities across Australia, is facing a mounting budget deficit in the wake of the near-crippling financial crisis and ensuing recession, as the state capital, it must also oversee Queensland’s plunge in revenues, which has created a budget deficit of over $2.3 billion for the state. Read more
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