Australia

Australian stocks snap winning streak

Australian stocks snap winning streakSydney - Australian shares gave up some of their recent gains Tuesday in response to an overnight plunge on Wall Street.

The ASX 200 lost 111 points, or 2.2 per cent, to trade at 4,798 by the middle of the session.

The downturn came after two days of gains that had seen the index climb almost 10 per cent. It was still down by a quarter from its peak in November.

Again, financial counters were the worst hit. Macquarie Group Ltd gave up more than 7 per cent after soaring 45 per cent in the previous two sessions.

Pushy pig terrorizes Australian woman for 10 days

Pushy pig terrorizes Australian woman for 10 days Sydney - A woman was being held hostage on an east coast Australian farm by a wild pig she took in 10 days ago and treated for an eye infection, news reports said Tuesday.

"One of its eyes it couldn't see out of, so I put cream in it and I fixed it back up, but apparently, it's actually claimed my land and claimed my place," Caroline Hayes, 63, told the national broadcaster ABC.

Unlimited Music Service Unveiled By Vodafone In Australia

As from today, Vodafone users in Australia can download as much as music they Unlimited Music Service Unveiled By Vodafone In Australia want to their mobiles, for the fixed cost of $2.75 per week. This has led Vodafone to throw a real challenge at its competitors including iTunes and Bigpond Music in the music download market. 

Omnifone, the carrier music platform provider reported, “We are working on a version of the service, branded MusicStation that could be offered to home computer users.” 

Australia worries wealth not spreading to the middle

Sydney - Australia worries wealth not spreading to the middleIt's a measure of the strength of the economy that analysts squabble over whether the next move in interest rates by the Reserve Bank of Australia would be up or down.

Interest rates go up when times are good to slow demand and curb inflation. In bad times, when money is short and demand is slack, they fall.

In Australia, times are good: The government isn't carrying any debt, it has a surplus of 21 billion Australian dollars (17 billion US dollars) and figures out this week showed export earnings would hit record levels this year.

Now, ‘shower suits’ that can be worn as they wash

Melbourne, September 22 : An Australian company has invented “shower suits” that can be worn while they wash.

Australian Wool Innovation (AWI), the research and marketing body which represents Australian woolgrowers, has revealed that the garment does not require soaking, dry cleaning or even soap.

"The idea is that you hang it up and then ... you give it a spray, and leave it overnight, and it''s dry the next morning,'''' news. com. au quoted Stephen Feighan, the company’s corporate affairs spokesman, as saying.

He has revealed that it was a Japanese researcher working for AWI who invented the suit by combining three technologies.

He says that the minimal use of lining allows the suit to dry quickly.

Australia's red earth turns the snow orange

AustraliaSydney - The worst dust storm in 40 years was Monday dusting the snow with an orange powder in the alpine region of Australia's south-east corner and bringing what locals call mud rain.

Winds of up to 100 kilometres per hour are lifting soil from the arid interior of New South Wales and dumping it nearer the coast. When combined with rain, it can fall with the consistency of watery mud.

The ochre dust has swept across Mount Kosciusko, flat Australia's highest mountain, giving what resident Darren Nielsen told national broadcaster ABC was an "extremely bizarre" aspect.

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