Sydney - Australia's richest horserace once again held disappointment for the European contingent when locally trained Viewed won the Melbourne Cup on Tuesday in front of 130,000 spectators.
The 5-year-old was just a lip ahead of English horse Bauer in the tightest-ever finish in the 148-year history of what Australians call "the race that stops the nation."
It's estimated that 12 million of the 21 million Australians watch the 3 minutes it takes for some of the world's best horses to gallop round the 3.2-kilometre track.
"It's nice to win a race like this - a race that everyone in Australia likes to win, particularly my owners," veteran trainer Bart Cummings said.
Sydney - The Reserve Bank of Australia (RBA) on Tuesday cut interest rates by 0.75 per cent to 5.25 per cent in response to a raft of figures showing the economy slowing in the wake of the global financial crisis.
It was the RBA's third monthly cut in the rate it charges banks for borrowing, a reversal of a trend that had seen 12 consecutive rises in the cash rate since May 2002.
The further easing of monetary policy came despite inflation being above the RBA's 3-per-cent target. The central bank now sees a recession as more of a threat than inflation.
Sydney - Australians on Tuesday rallied behind a German doctor ordered to leave the country because of the cost to taxpayers of looking after his disabled, 13-year-old son.
Melbourne, Nov 3 : Aussie pop princess Kylie Minogue’s X tour went on as scheduled even though her staff had their personal belongings stolen over the weekend in Bogota.
The items stolen were five computers, various CDs, and passports belonging to members of Minogue''s entourage, the Courier Mail reported.
The goods were stolen from behind the scenes at Parque Jaime Duque, where the pop singer was due to kick off her X 2008 tour, and while her tour staff were setting up the stage.
A reward of five million Colombian pesos has been put up, but the stolen items have still not been recovered.
Melbourne, Nov 3 : The cheapest place in the world to buy an Apple iPod is Australia, owing to the dramatic fall in the country’s dollar in the last several months, says a new study.
The study conducted by CommSec reflects its "iPod index", which measures the price of an 8GB iPod nano in 62 countries to compare currencies.
According to CommSec chief economist Craig James, Australia went to the cheapest spot after being placed 14th cheapest in July.
The study revealed that an 8GB iPod costs 131.95 US Dollars.
Melbourne, Nov 3 : Aussie football players indulge in the riskiest drinking outside the football season, reveals a study on drinking patterns of AFL (Australian Football League) players.
The study underlined the fact that the drinking habits of AFL players differ significantly from those of the general population.
This is the first study to put an entire sporting clan under the scanner, and as the researchers claim, the results suggest that there’s a need to apply an entirely different approach to alcohol education for this group.
Sydney - The Reserve Bank of Australia (RBA) on Tuesday cut interest rates by 0.75 per cent to 5.25 per cent in response to a raft of figures showing the economy slowing in the wake of the global financial crisis.
Melbourne, Nov 3 : Aussie pop princess Kylie Minogue’s X tour went on as scheduled even though her staff had their personal belongings stolen over the weekend in Bogota.
Melbourne, Nov 3 : The cheapest place in the world to buy an Apple iPod is Australia, owing to the dramatic fall in the country’s dollar in the last several months, says a new study.
Melbourne, Nov 3 : Aussie football players indulge in the riskiest drinking outside the football season, reveals a study on drinking patterns of AFL (Australian Football League) players.
