Tag: Australia

• Wednesday, August 18th 2010 - 19:16 UTC

  Australian PM wants to cut ties with British monarchy and establish a republic

  

  Australia should drop its ties to the British monarchy when the Queen’s reign ends, Prime Minister Julia Gillard said this week in the midst of national election campaigning.

• Thursday, July 1st 2010 - 07:03 UTC

  Japanese group secures iron-ore supply with stake in Brazilian steel foundry

  

  Usinas Siderurgicas de Minas Gerais SA, Brazil’s second-largest steelmaker, agreed to sell a stake in its mining and railroad businesses to Sumitomo Corp. for 1.93 billion US dollars before a possible share offering in the unit.

• Wednesday, May 5th 2010 - 06:33 UTC

  Australia Raises Interest Rate for the Sixth Time in Eight Months

  

  Australia's central bank has raised interest rates for the sixth time in eight months as the country's economy continues to recover. The target interest rate is now at 4.5%—up from 3% in October last year.

• Thursday, April 29th 2010 - 18:49 UTC

  Australia Opens Brine Shrimp Farm, Key Component in Aquaculture Food Chain

  

  Australian Fisheries Minister Norman Moore embraced the aquaculture potential of Western Australia with the opening of a cutting edge-design commercial brine shrimp farm at Port Gregory, near Geraldton.

• Tuesday, April 27th 2010 - 05:36 UTC

  Scientists Discover Deep-Ocean Current Moving Northward from Antarctica

  

  Work in Japan and Australia has revealed that a deep-ocean current is carrying frigid water rapidly northward from Antarctica along the edge of a giant underwater plateau.