NZ dollar falls from two-month high

THE New Zealand dollar has fallen from a two-month high amid speculation the European Central Bank will keep interest rates low for an extended period. THE kiwi rose as high as 87.48 US cents overnight and was trading at 87.19 cents at 5pm in...

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Abbott vows to keep intervening for Greste

Tony Abbott (pic) says he is bewildered by an Egyptian court's decision to jail Peter Greste. Source: AAP PRIME Minister Tony Abbott has vowed to keep lobbying Egypt's government to free jailed Australian journalist Peter Greste. THE...

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Jodhi Meares charged with DUI

Jodhi Meares is heading to court after allegedly being caught drink driving in Sydney's east. Source: AAP JAMES Packer's ex-wife Jodhi Meares will face court in August on drink driving charges after crashing into three parked cars in Sydney's...

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Vic firies will be paid for mine fire: MFB

Victorian firefighters have begun legal action to recover wages owed since the Hazelwood mine fire. Source: AAP FIREFIGHTERS involved in battling Victoria's mine fire will be paid outstanding entitlements for their efforts this week, the...

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Man charged over NSW south coast death

FURTHER charges could be laid against a man accused of assaulting another man who was found dead in a NSW south coast home a day after he was attacked. THE 41-year-old's body was on Thursday found in a Moruya unit and "officers were told the...

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Man bashed at Sydney motel

A man has serious head injuries after being assaulted at a motel west of Sydney. Source: AAP A MAN has serious head injuries after being assaulted at a NSW motel. POLICE found the 28-year-old man at a motel reception at Warwick Farm,...

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Stocks to watch at close on Friday

STOCKS to watch on the Australian stock exchange at the close on Friday: IAG - INSURANCE AUSTRALIA GROUP - down seven cents, or 1.2 per cent, at $5.81 WES - WESFARMERS - down 54 cents, or 1.3 per cent, at $41.25Insurance Australia Group's (IAG)...

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Two Qld cops in trouble with the law

A CENTRAL Queensland police officer has been suspended from duty on misconduct charges. THE 31-year-old constable will be required to appear in the Mackay Magistrates Court for a "misconduct in relation to public office" offence. Police have...

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House prices tipped to continue to rise

ONE of the country's largest property developers believes house prices will continue to rise for years to come, with the Sydney market set for a "golden decade". STOCKLAND chief executive Mark Steinert expects nationwide house prices to rise...

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JB Hi-Fi weathers the retail storm

Entertainment retail chain JB Hi-Fi expects its sales will be up by 5.3% for the year. Source: AAP JB Hi-Fi is proving more resilient to slumping consumer confidence than other retailers. THE electronics retailer remains on track to lift...

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Vic Nats upset by Liberal bid for Euroa

THE Liberals' decision to run against the Nationals in the Victorian seat of Euroa is "most unfortunate", state Nationals leader Peter Ryan says. THE Nationals asked the Liberal Party not to field a candidate in the new seat, created after a...

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Carbon policy pits Aus against US: Garnaut

AUSTRALIA is setting itself against the US and will become a drag on global climate change efforts with the repeal of the carbon tax, prominent economist Ross Garnaut says. THE former government adviser says China, Europe and the US are gearing...

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Kiwi gains against weak Aussie dollar

THE New Zealand dollar has climbed against its trans-Tasman counterpart after the Reserve Bank of Australia minutes for its last meeting showed an expectation of slower growth as the country's mining boom winds down. THE kiwi climbed as high...

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Shell to sell most of Woodside stake

Woodside, Australia's largest oil and gas company, has placed its shares in a trading halt. Source: AAP AUSTRALIA'S largest oil and gas company Woodside Petroleum will spend nearly $3 billion to get Royal Dutch Shell off its share register....

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Stocks to watch on Monday

STOCKS to watch on the Australian stock exchange at the close on Monday: DLS - DRILLSEARCH - down 4.5 cents, or 2.89 per cent, at $1.51 AQO - AMBASSADOR OIL AND GAS - up 0.5 cents, or 1.54 per cent, at 33 centsDrillsearch has sweetened its...

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Super Retail blames budget for sales dip

The owner of Rebel Sports and Supercheap Auto has blamed the federal budget for hurting sales. Source: AAP WIDESPREAD belt-tightening in the wake of the federal budget has claimed another retail scalp. SUPER Retail Group, which owns Supercheap...

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Afghan voters defy Taliban threat

Afghans have braved threats of violence and searing heat to vote in the presidential elections. Source: AAP THE United States praised millions of Afghan voters who defied Taliban threats and attacks to vote in a presidential run-off election...

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Nicole Kidman for top Shanghai honour

NICOLE Kidman is to be honoured with an outstanding contribution award at the Shanghai International Film Festival in China. HUGH Grant and John Woo will present the Australian actress with her latest accolade at the opening ceremony on Saturday,...

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Qld A-G had private dinner with Carmody

Queensland's controversial next chief justice had a private dinner with the state attorney-general. Source: AAP QUEENSLAND'S attorney-general had a private dinner at an upmarket Brisbane restaurant with Tim Carmody a week before he officially...

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Abbott lays wreath at war cemetery

Prime Minister Tony Abbott (C) has laid a wreath at the Tomb of the Unknown Soldier in Washington. Source: AAP PRIME Minister Tony Abbott has laid a wreath at the Tomb of the Unknown Soldier in Washington, as his government drops the idea...

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Qld legal head quits over chief judge row

QUEENSLAND'S Bar Association president has resigned over the appointment of Chief Magistrate Tim Carmody to chief justice. PETER Davis sent a resignation letter on Friday to members citing concerns about the process that resulted in Mr Carmody's...

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Sam Ibrahim jailed over death threats

FORMER Nomads bikie boss Hassan "Sam" Ibrahim has been sentenced to at least 16 months in prison for making death threats to a businessman and for intimidating NSW police officers. THE older brother of Kings Cross identity John Ibrahim was charged...

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Sydney girlfriend stomper jailed

A SYDNEY man who stomped on his girlfriend's head and attacked her with a pot plant has been sentenced to at least five years in prison. TRENT Wainwright, 32, from Mortdale in southern Sydney, was handed a maximum sentence of eight years and...

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EX-SA treasurer returns to opposition role

FORMER South Australian treasurer Rob Lucas and five new faces, including an ex-TV sport presenter, are part of the Liberal's expanded and revamped shadow cabinet. MR Lucas, a veteran member of the upper house, will become opposition treasury...

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Harbour crossing may start in three years

Labor is ramping up its attacks on NSW's planned power sale, branding the premier's proposals a con. Source: AAP WORK on Sydney's second harbour rail crossing could start in two or three years if the NSW government wins the next election. ...

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Post-budget confidence slump still lingers

AUSTRALIANS are having a tough time swallowing Joe Hockey's budget medicine, and it doesn't look like they'll acquire the taste for it anytime soon. Two separate surveys show that consumer confidence remains in the doldrums, with households worrying...

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Budgets weigh on WA consumer confidence

A FALL in consumer confidence in Western Australia is further evidence that federal and state budgets have hit taxpayer sentiment hard, member for Perth Alannah MacTiernan says. The latest WA Chamber of Commerce and Industry-Curtin Business...

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Vic teen 'forced into sex work': police

A 17-YEAR-OLD girl may have been forced into sex work for three months, Victorian police say. A 33-year-old Warrnambool North man was arrested over the claims, but was released pending further inquiries. He was interviewed on Monday over charges...

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Global rally helps NZX edge higher

NEW Zealand stocks edged higher in a global rally as data showed signs of economic growth. The NZX 50 Index rose 4.912 points, or 0.1 per cent, to 5187.349. Within the index, 25 stocks gained, among them NZ Oil & Gas, Nuplex, Pacific Edge...

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Vic Labor to stall legislation over Shaw

VICTORIA'S parliament is set for a showdown, with Labor insisting independent MP Geoff Shaw be dealt with before any legislation is examined. Labor is calling for the balance of power MP to be expelled for contempt of parliament and wants the...

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NSW govt to extend home owner grant

Next week's NSW budget will extend eligibility criteria for a first home owner grant. Source: AAP THE NSW government has freed land for 6600 new homes in Sydney's northwest and will extend the first home owner grant in this month's budget....

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New report spells out phone tap powers

Government tapping of people's phones is widespread around the world, a new UK report shows. Source: AAP GOVERNMENT tapping of people's phones is widespread around the world with Australia among a long list of countries permitting access to...

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Senior SA Liberal to retire within a year

FORMER Liberal leader Iain Evans will quit the South Australian parliament within 12 months, which will spark a by-election. The opposition treasury spokesman made the announcement on Friday after meeting state Liberal leader Steven Marshall....

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NSW maintains AAA credit rating

CREDIT ratings agency Moody's has reaffirmed NSW's long-term AAA rating. The agency says the rating reflects the state's diverse economic base, budget flexibility and secure and predictable grants from the Commonwealth. "To obviously receive...

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Vic police investigate baby's injuries

A SIX-WEEK-OLD baby girl has recovered from serious injuries that Victorian police are treating as suspicious. The six-week-old girl was taken to Sale Hospital with serious injuries on March 6. The baby has since recovered, but detectives are...

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NZ dollar climbs from three-month low

THE New Zealand dollar has climbed from a three-month low as traders recovered lost confidence in the local economy, and lowered their expectations for a downgrade to the Reserve Bank's interest rate track. The kiwi rose to 84.41 US cents at...

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Shipyards warned projects may go overseas

THE federal government has warned local shipbuilders it could look overseas for new frigates if they don't lift their game in constructing three new air warfare destroyers. The $8.5 billion AWD project is now running almost two years late and...

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Singapore predator joins Australand battle

A PREDATOR from Singapore has joined the takeover battle for property group Australand and won the endorsement of the takeover target's board. Frasers Centrepoint has proposed an offer of $2.59 billion in cash for Australand, at $4.48 per Australand...

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RBA's stance confirmed by data

THE Reserve Bank has confirmed it plans to keep interest rates steady, and the latest economic figures give no reason to suspect that plan will change in the near future. In announcing the cash rate would be kept at its multi-decade low of 2.5...

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Laid-off staff fear for entitlements

SIX hundred workers across Australia axed by a major electrical contractor have been left fearing their entitlements will not be paid. Employees at PSG Elecraft offices in NSW, Victoria, Tasmania, South Australia and Queensland were told the news...

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Asaleo gears up for market debut

PERSONAL hygiene products maker Asaleo is hoping to raise up to $690 million ahead of its stock market debut in July. The maker of Sorbent toilet paper and Libra feminine hygiene products is pricing its offer at up to $1.80 a share, which could...

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Brown wooed as face of Tasmanian tourism

BOB Brown is being wooed as the face of Tasmanian wilderness tourism. The former Greens leader has been sounded out by the state's tourism industry to promote Tasmania's World Heritage Area. The idea builds on the recent Go Behind the Scenery...

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Vic taxi driver bashed unconscious

A taxi driver has been attacked while filling his car at a Melbourne petrol station. Source: AAP A TAXI driver has been kicked and bashed unconscious in an unprovoked attack in Melbourne. The driver was filling his taxi at a Spotswood...

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NSW police reach stricken yacht

A YACHT stranded off the coast of Port Stephens, on the NSW mid north coast, is being towed back to Coffs Harbour after engine trouble. The sole person on board - a 46-year-old man from Sydney - is not believed to have been injured, police said...

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Sydney teen critical as party gatecrashed

A teen is in a critical condition in hospital after being stabbed at a party in Sydney's inner west. Source: AAP IT was meant to be a small gathering of friends for a 14-year-old girl's birthday. But the get-together at a house in Five...

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Ash grounds flights to Darwin, Bali

A massive ash cloud from an Indonesian volcano may disrupt aviation in parts of Australia. Source: AAP DARWIN remains cut off to all air services until Sunday, and flights from Australia to Bali are now affected, as three separate ash plumes...

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Qld nurse stabbed in face by patient

A NURSE has been reportedly stabbed in the face by an elderly male patient at a Queensland hospital. The 88-year-old man is believed to have used a surgical instrument, possibly forceps or a clamp, to inflict the nasty injury. Police say they're...

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Conditions now adequate on Nauru: Morrison

Immigration Minister Scott Morrison says children being held in detention in Nauru are in safe. Source: AAP IMMIGRATION Minister Scott Morrison insists children being held in detention in Nauru are in safe conditions, despite serious health...

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ASPI warns of defence spending spree

DEFENCE has done so well from a tough budget that it has raised concerns the money might be wastefully splurged on expensive new equipment. The latest Australian Strategic Policy Institute (ASPI) defence budget brief says the extra money has...

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Westfield restructure on shaky ground

Westfield chairman Frank Lowy has endured vocal criticism from shareholders over a restructure plan. Source: AAP WESTFIELD'S $70 billion restructure plan looks like it will go down to the wire, with a significant number of investors voting...

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Ramsay Health appoints new chairman

Michael Siddle has been made chairman of Ramsay Health Care after the death of Paul Ramsay (pic). Source: AAP RAMSAY Health Care has appointed Michael Siddle as its new chairman following the death of the company's founder Paul Ramsay. ...

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Hyundai-Kia gets greenest gong

Hyundai-Kia has overtaken Honda as the greenest automaker in the United States. Source: AAP HYUNDAI-KIA is now the greenest automaker in the United States, unseating Honda for the first time since the rankings by a group of scientists began....

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Baird sets up campaign donation panel

THE former head of Sydney Water who was the victim of a smear campaign will lead an expert panel to look at ways of reforming political donation rules in NSW. Premier Mike Baird said on Tuesday the independent expert panel would be led by "respected...

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Palmer Rolls fails to proceed

Clive Palmer arrived in Canberra in a Rolls Royce - to do his job of representing the unrepresented. Source: AAP OH dear. There was Clive Palmer peering beneath the bonnet of his chauffeured, but immobile, Rolls Royce. In Rolls terminology,...

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ECB may hold clues for kiwi's direction

THE New Zealand dollar has held near the bottom of its recent band as the European Central Bank (ECB) forum may give investors clues to how the monetary authority will stave off threats to the regional economy. Holidays in the US and UK are...

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