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The Federal Government is expecting a bigger budget deficit this financial year than originally forecast.
The updated budget papers predict a $41.5 billion deficit, which is almost $1 billion more than the July forecast.
Key points: Budget to return to black in 2012/13 with $3.1b [...]

 
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Australia’s surging dollar will not derail plans to get the national budget back into surplus by 2013 despite its impact on tax revenue, Australian Prime Minister Julia Gillard said on Sunday.
In the last week the Australian dollar <AUD=D4> has strengthened beyond parity with the US [...]

Firstly, you have the sheer convenience of shopping from your work, or from home in the comfort of your PJ’s, with a glass of wine next to the keyboard. And secondly, if you’re like me and have perfected shopping into a fine art, there’s the ‘present feeling’ you get when your purchase finally arrives.
To be [...]

SINGAPORE (AFP) – – The Singapore and Australian stock exchanges on Monday announced a multi-billion dollar merger that will create one of the world’s largest and most diversified financial trading hubs.
Singapore’s SGX offered 8.2 billion US dollars to take over Sydney-based ASX to form ASX-SGX Ltd in a deal combining Australia’s strength in resources with [...]

Big rise in number of Aussie millionaires
THE number of Australian millionaires has risen 34 per cent rise as the world’s wealthy recover most of their losses from the global financial crisis, a study shows.
Australian millionaires totalled 173,600 at the end of 2009, up from 129,200 at the end of 2008, the latest World Wealth [...]

The Resource Super Profits tax
Like many contemporary political issues, everyone has a very strong opinion regarding the proposed Resource Profits Super Tax (RPST). But as it was with the proposed emissions trading scheme (ETS), very few of us have a comprehensive understanding of how exactly it works. Fewer still are able to appraise the [...]

The recent articles in this series on Santos (STO:ASX) have been inspired by a lesson from the WD Gann Stock Market Course where he teaches his Mechanical Stock Trading Method and tests it over a 15-year period in US Steel. In the last section of the lesson he covers a situation very similar to ours [...]

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ADB asks Sri Lanka to reduce size of budget
The Asian Development Bank on Friday asked Sri Lanka to prune the size of its budget to sustain economic stability as the island emerges from decades of ethnic conflict.
The Manila-based bank’s President Haruhiko Kuroda said [...]

Aussie Goldman clients may sue for $15m
GOLDMAN Sachs in Australia faces a potential $15 million lawsuit by former clients who have claimed the investment bank misrepresented complicated derivatives contracts that forced them to buy bluechip stocks at over-the-market odds.
Law firm Slater & Gordon said yesterday it was investigating allegations of misleading and deceptive conduct [...]

Australia’s tax battle over resources ‘golden goose’
Australia’s proposed new tax on mining profits has prompted a fierce struggle between the industry and the government for the extraordinary riches of the Asia-led commodities boom, analysts said.
Prime Minister Kevin Rudd’s plans to impose a 40 percent levy on the so-called “super profits” of resources firms was met [...]