Australia
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The Unemployment Rate in Australia Drops Aided by a Weaker Currency and Job Gains

The Unemployment Rate in Australia Drops Aided by a Weaker Currency and Job Gain

Employers in Australia are hiring more, boosting the job market as was indicated by the data for August. The interest rates at record-low level, a slipping currency and slow growth in wage rate all added to encourage more hiring.

From July, the economists had forecasted an increase 5,000 where as the employment increased by 17,400. However, the jobless rates matched their expectations and fell to 6.2 percent.

Newcrest Profit Margins Widened Closer to Dividend Territory

Newcrest Profit Margins Widened Closer to Dividend TerritoryAustralian gold mining company, Newcrest Mining Limited is returning to profitability after many years. The company said on Monday said its net profit has been 546 million Australian dollars as compared to the loss of A$2.22 billion one year ago.

Last year, its bottom lines were pulled down by write-downs against the operations in its gold mines.

Moody’s Report says Cost Trimming by Australian Coal Miners in Not Enough to Offset the Drop in Thermal Coal Prices

Moody’s Report says Cost Trimming by Australian Coal Miners in Not Enough to Offset the Drop in Thermal Coal PricesAustralian coal miners have been cutting down costs massively but that too is not good enough to completely counter balance the brunt which they are facing due on their margins with weaker prices of thermal coal says Moody's the global ratings agency.

Australia says Along with being a Founding Member it be the Sixth Largest Shareholder of Asian Infrastructure Investment Bank

Australia says Along with being a Founding Member it be the Sixth Largest Shareholder of Asian Infrastructure Investment BankOn Wednesday, a statement from the government said that Australia will become one of the founding members of Chinese-led Asian Infrastructure Investment Bank and also the sixth largest shareholder of the Asian regional bank.

What Can Shell-BG Deal Mean for Australian Resource Sector?

What Can Shell-BG Deal Mean for Australian Resource Sector?The likely deal where Shell may takeover BG Group for $70 may be a just a forerunner of some more deals coming to the resource sector of Australia. The particular sector has already taken a severe blow resulting from the low oil prices along with other commodities.

Huffington Post Media Group and Fairfax Australia Sign a Partnership Deal

Huffington Post Media Group and Fairfax Australia Sign a Partnership Deal On Monday, in an announcement the Fairfax Media said that it would like come up with a deal in order to produce a version of the Huffington Post in New Zealand. It also announced that the two companies have signed a partnership in Australia. The deal in Australia comes after four years since the media company had promised to set its Australian edition.

Fuel Surcharges are Here to Stay for Qantas

Fuel Surcharges are Here to Stay for Qantas The price of jet fuel has to drop a lot before Qantas begins to cut down on the bulky fuel surcharges that it takes from its passengers flying to overseas destinations.

Alan Joyce, the Chief Executive Officer of Qantas says that though the fuel bill have reduced due to the drop in oil prices in recent times and the Australian dollar but the surcharges will linger long.

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