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The Australian Greens have proposed a five-year moratorium on coal seam gas developments so thorough research can be done to assess its impact on land and communities.
BC Iron managing director Mike Young has come out in support of Gina Rinehart and accused the federal government of twisting the Western Australian mining magnate's words.
US stock market turned a weak jobs report into positive news on Friday, ending higher on expectations that the data will lead to new Federal Reserve efforts to help the economy.
The Australian dollar closed almost a full US cent higher after the European Central Bank (ECB) revealed a plan to support the region's weaker economies.
Australian shares finished stronger, after global bourses reacted favourably to the European Central Bank's new plan to help ailing eurozone countries.
A national land freight strategy will lead to a streamlined and integrated transport system for moving goods around Australia, Transport Minister Anthony Albanese says.
Treasurer Wayne Swan has applauded the European Central Bank's plan for a massive European sovereign bond buy-up to stabilise markets as another step to putting the zone on a sustainable footing.
The Australian dollar has pushed more than half a US cent higher after Europe's central bank unveiled a massive bond-buying program to help alleviate the euro zone's sovereign debt crisis.
US stocks have surged to new multi-year highs, helped by positive economic data and the European Central Bank's (ECB) new plan to help ailing eurozone countries in the bond market.
Shares in mineral sands miner Lynas Corporation have surged by more than 40 per cent after the rare earths miner was granted a temporary licence for its controversial rare earths refinery in Malays
The Australian share market has closed higher on the back of positive corporate news and jobs figures, and hopes for a resolution to Europe's debt crisis.
She brought the big guns - 15 senior cabinet ministers - but in the end, Prime Minister Julia Gillard rarely needed to draw on them in the Labor industrial heartland of Kwinana.
Climate Change Minister Greg Combet has defended $5.5 billion in compensation being paid to the country's dirtiest power stations and dismissed a report that claims coal generators will actually be
Trade, higher education and green growth will top Prime Minister Julia Gillard's agenda when she meets with Asia-Pacific leaders at a major summit in Russia this weekend.
The US Justice Department has has accused oil giant BP of "gross negligence and willful misconduct" in the massive 2010 Gulf of Mexico oil spill, court documents show.
US stocks have closed essentially flat on the eve of a crucial European Central Bank (ECB) policy meeting amid hopes for action to stem eurozone financial turmoil.
BHP Billiton will push ahead with its $US1 billion ($A981.98 million) Eagle Ford petroleum expansion in Texas as it aims to boost worldwide production levels by eight per cent.
Australia's principal federal political leaders have rejected Gina Rinehart's suggestion local wages are too high and are holding back the nation's competitiveness.