US
LNG-Hungry Japan to Purchase 10% Stake in Australia's Wheatstone Gas Project for $4.4 B
The Japanese government together with a consortium of Japanese companies are poised to buy a 10 per cent stake in Chevron Corp.'s Wheatstone liquefied natural gas (LNG) project in Australia for $4.35 billion.
Wednesday, May 16, 2012 by Esther Tanquintic-Misa
Australian Stock Market Report – Afternoon 5/16/2012
The Australian sharemarket lost ground for the second consecutive day, with the All Ordinaries Index (XAO) falling by 2.4 pct or 101.6 pts to 4214.7. Shares have fallen by around 5 pct so far this month and have significantly reduced the gains for the calendar year to just 2.5 pct.
Wednesday, May 16, 2012 by Steven Daghlian, CommSec Market Analyst
South Korea Unemployment Rate Declines In April To 3.5%
South Korea's unemployment rate fell in April with the availability of more jobs in the service sector according to figures reported by Statistics Korea Wednesday.
Wednesday, May 16, 2012 by Bhaskar Prasad
Apple iPhone Still the Preferred Smartphone in Australia
Australia belongs to the Apple universe, according to Google, which means more iPhones have been activated in the country than Android-powered smartphones as of the first three months of 2012.
Wednesday, May 16, 2012 by Erik Pineda
Australian Stock Market Report – Midday 5/16/2012
The Australian share market lost ground yesterday as the ongoing European concerns held markets and commodities back, with the All Ordinaries Index (XAO) ending off 36 points to 4,316 points.
Wednesday, May 16, 2012 by Juliana Roadley, CommSec Market Analyst
Australian Dollar Outlook - 05/16/2012
Bell FX Currency Outlook: The Australian Dollar has opened slightly lower again this morning after talks between Greece's political parties failed, which led to safe haven interest in the US Dollar and adding to the recent weakness in our own currency.
Wednesday, May 16, 2012 by Christine Gaylican
Australian Stock Market Report - Morning - 05/16/2012
MORNING REPORT. The Empire manufacturing survey rebounded jumping from 6.56 to 17.09 in May. Across the sub-indices both new orders and shipments recorded healthy (7am AEST) US advance retail sales edged rose by 0.1pct in April after the brisk 0.8pct rise in Marchgains.
Wednesday, May 16, 2012 by Craig James, COMSEC Chief Economist
Fracking Violations Decreasing In Pennsylvania: Report
A study released on Tuesday by the University of Buffalo's Shale Resources and Society Institute suggests that Pennsylvania is getting better at regulating natural gas drilling, and that the state has a regulatory model that New York could implement as it considers opening its own doors to high-volume horizontal hydraulic fracturing.
Wednesday, May 16, 2012 by Pierre Bertrand
U.S. Marines Sold Nearly $2 Million in Stolen Guns, Combat Equipment, To Gangs And Foreign Countries
Marines at Camp Lejeune, N.C., stole and sold approximately $2 million in guns and combat equipment to streets gangs and to China and Russia, military officials confirmed. The stolen guns and combat gear included assault rifles, night-vision goggles and flashlights.
Wednesday, May 16, 2012 by Laura Matthews
Former BP Engineer Says Evidence Will Absolve Him Of Criminal Charges In Gulf Disaster
Kurt Mix, the former BP engineer arrested for deleting messages revealing how much oil was really seeping from the stricken Deepwater Horizon well in 2010, said evidence not yet submitted to federal investigators will absolve him of all criminal charges.
Wednesday, May 16, 2012 by Pierre Bertrand
