Australia cuts interest rates to record low of 2.25%

Australia’s central bank has cut interest rates for the first time since 2013 SYDNEY — The Reserve Bank of Australia (RBA) has cut its benchmark interest rate to a record low of 2.25... Read more »

How Chinese students can help boost Australia’s trade

By Oliver Theobal With the announcement of the recently concluded China-Australia Free Trade Agreement (CHAFTA) between Australia and China, followed by the Labor Party’s Asian Century White Paper and the Liberal Party’s... Read more »

New Saudi King but same old Oil Policy

By Nick Cunningham The death of Saudi Arabia’s King Abdullah made international headlines on January 22, raising questions about the future of the Middle East. News of his death briefly rattled the... Read more »

People-to-people link between Australia and India urged

MELBOURNE – Australia’s economic ties with India can be greatly enhanced and an FTA deal be signed if the two governments were willing to strengthen the people-to- people linkages, Australia’s Parliamentary secretary said... Read more »

In Focus: Australia Pakistan trade relations

By Abdul Aziz Uqaili, Consul General & Trade Commissioner of Pakistan in Australia @ Sydney; In last five years, the volume of bilateral trade between Australia and Pakistan has ranged between $550... Read more »

Richest 1% will own more than other 99% by 2016

Oxfam warns of widening global inequality gap The combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year (2016) unless the current trend... Read more »

Multicultural Marketing Awards recognize Business Leaders

Greater Western Sydney Giants Football Club was named as the winner of the Big Business Award at the Australian Multicultural Marketing Awards for its success in promoting the Aussie Rules Football to... Read more »

Australia and China agree to strengthen cooperation

Tony Abbott and Chinese president Xi Jinping have officially concluded negotiations over a historic Free Trade Agreement (FTA), which will deliver at least $18 billion over a decade that maintains full scrutiny of... Read more »

Modi’s trip to boost Australia-India ties

Australia and India to boost trade, investment, energy and security partnership after a gap of 28 years Melbourne – In the first trip to Australia by an Indian Prime Minister in 28 years, Prime Minister... Read more »

Japan to import Halal food from Malaysia

Chiba to be gateway for Malaysian Halal products into Japan Japan will be the latest country to import Malaysian halal food products, which are known for their freshness and hygiene. Malaysia and... Read more »

Asian Infrastructure Investment Bank launched

China-Led Infrastructure Bank set to start work before end of 2015 Twenty-one Asian countries have signed an intergovernmental memorandum of understanding for establishing a new multilateral bank to finance infrastructure projects in... Read more »

British-Australian company searching for copper in Uzbekistan

The British-Australian company Rio Tinto Mining & Exploration Ltd. (Rio Tinto) started exploratory drilling for copper at the prospective Gava area in Uzbekistan’s Namangan region in July 2014, the company’s general manager... Read more »

Australia Wins China Coal Tariff Examption

The Australian government is suggesting coal imports from Australia are likely to be exempt from China’s recently-launched new import tariffs, reports from Beijing says. Australian Treasurer Joe Hockey has made the statement... Read more »

Tackling structural barriers key to ensure Asia-Pacific economic growth

APEC Finance Ministers’ Meeting Beijing, China – Finance Ministers from across the Asia-Pacific aim to strengthen and deepen cooperation by tackling structural barriers in order to improve economic activity and quality growth, enhance... Read more »

Reforms to boost Economic Opportunities for Aboriginal Land Councils

Minister for Aboriginal Affairs Victor Dominello has introduced legislation to empower the State’s 120 Aboriginal Land Councils by improving accountability, efficiency and economic capacity as well as helping to ease the backlog... Read more »

$200,000 Funding To Boost Women’s Economic Participation

Investing in Women: Job creation for women in non-traditional Trades More than $200,000 in grants have been announced for successful applicants under the NSW Government’s Investing in Women funding program. Announcing the... Read more »

Scholarship for Women in International Business 

To encourage exceptional women to the field of business, Australia has announced scholarship for women in business studies. The opening of nominations for the 2015 Beryl Wilson Austrade Scholarship for Women in International... Read more »

$18 million programme to help small business grow

Small business advisory service providers can now apply for funding of up to $200,000 per annum over three years to provide expert advice to small businesses under the Australian Small Business Advisory Services programme.... Read more »

Sit-in caused Rs547bn loss to economy so far: Govt

ISLAMABAD: The government claimed on Thursday that the 22-day sit-in on the Constitution Avenue and subsequent political unrest had adversely affected the country’s economy, caused a loss of about Rs547 billion to... Read more »

Sydney Airport doubles first half profit

SYDNEY Airport says it’s well placed to capitalise on traffic growth after more than doubling its first half profit. THE company made a $53.9 million net profit in the six months to... Read more »

Bank of America to agree to record $17.11 billion fine over GFC actions

THE fallout for big banks from the global financial crisis is continuing, with Bank of America the latest in a string of institutions hit with multi-billion dollar fines. Bank of America has... Read more »

Pakistani stocks plummet over 666 points

KARACHI: Pakistani stocks tumbled over 666 points on day Monday, with the market continuing the free-fall it had witnessed on the last trading day before Eidul Fitr holidays. At the close of... Read more »

Microsoft to cut 18,000 jobs worldwide

US firm to lay off thousands of staff, including nearly half of Nokia employees who joined in April after acquisition. Microsoft has announced the biggest layoffs in its 39-year history, outlining plans... Read more »

Lloyds to axe another 500 Jobs

BANKING giant Lloyds is to axe another 500 jobs under “organisational changes” in its finance and retail sections. THE bank, part-owned by the taxpayer, said the cuts were part of 15,000 previously... Read more »