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ASIA360- Australia

Striking Out On Their Own
A man withdraws cash from ANZ bank in Melbourne, Australia. Image: William West/AFP
Banks refuse to stick with official cash rate, government urges unhappy customers to switch

MELBOURNE (17 February 2012) — Australia’s major banks have raised their interest rates despite last week’s reserve bank decision to leave rates on hold.

 


Australia

Australia Day Protest

MELBOURNE (3 February 2012) — A misplaced quote on Australia Day sparked outrage among activists for Aboriginal rights, leaving Prime Minister Julia Gillard shoeless on Australia Day and forcing Opposition Leader Tony Abbott to spend the past week explaining himself.

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Too Much at Stake

MELBOURNE (20 January 2011) — Gamblers may soon have to state upfront how much they are willing to lose before being allowed to play “pokies” or slot machines, if the new rules to address the issue of problem gambling were passed.
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Standoff Averted

australia
MELBOURNE (13 January 2011) — Australia has avoided a diplomatic stalemate with its second biggest trading partner after Japan agreed to release three anti-whaling activists days after the Australian trio forcibly boarded a Japanese ship off the coast of Western Australia.
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Boat Tragedy Rocks Nation

australia
MELBOURNE (23 December 2011) — A boat carrying 250 asylum seekers headed for Australia came apart and sank about 90km off the coast of Java, Indonesia on December 17.
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Cabinet Reshuffle

australia
MELBOURNE — Prime Minister Julia Gillard’s sudden decision to reshuffle the cabinet has proven controversial, with some applauding the record number of female ministers — a grand total of five — and others suspicious of the promotion of several Labor Party powerbrokers.
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