01 Feb '12, 5am

Aussie dollar to remain high for years: PM Julia Gillard

Aussie dollar to remain high for years: PM Julia Gillard

The Australian dollar has soared past parity with the greenback on the back of Australia's commodities boom. -- PHOTO: AFP MELBOURNE (AFP) - Australian Prime Minister Julia Gillard on Wednesday warned the Aussie dollar would likely remain at a high level for years as it came to be seen as a 'safe haven' amid global turmoil. The currency has soared past parity with the greenback on the back of Australia's commodities boom and relatively high interest rates over the past two years, reaching its highest levels since it was first floated in 1983. Ms Gillard said as European economies suffered - with even traditional currency strongholds such as Switzerland affected - 'for the first time in history Australia is being referred to as something of a global 'safe haven'.' 'It's a striking development in our economic history that in a period of global uncertainty, the Australian cur...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

Aussie bus boss gives $20 million bonus to staff

Aussie bus boss gives $20 million bonus to staff

straitstimes.com 01 Feb '12, 9am

An Australian bus operator has stunned his employees by handing out A$15 million (S$20 million) in thank you bonuses, with...

6 pm tipoff

env-econ.net 04 Feb '12, 10pm

probably the best summary of the stupidity of the green jobs debate I have seen. -- Ben Ho I have been an avid reader of y...