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Wednesday, 25-Dec-2013 00:14 Email | Share | Bookmark
Australia Shares Seen Rising On Wall St Record Highs, Trade Shor

The market will be closed earlier on Christmas eve. * Local share price index futures rose 0.5 percent to 5,296, a 4.1 point premium/discount to the underlying S&P/ASX 200 index close. The benchmark gained 0.5 percent to three-week highs on Monday. * New Zealand's benchmark NZX 50 index rose 0.3 percent to 4,738.8 in early trade. * U.S. stocks climbed on Monday, with the Dow and S&P 500 advancing to all-time highs after Apple Inc's distribution deal with China Mobile lifted the technology sector. * Zinc prices rose to their highest level in nearly 10 months on Monday, the biggest gainer in the base metals complex, lifted by tightening supplies and robust imports by China. <br>More: Max Workouts href='; ></a>

Australia to monitor Japanese whale hunt by air

23 (UPI) -- Australia says it will send a surveillance plane to the Antarctic Ocean to monitor possible conflicts between Japanese whaling ships and environmentalists. But one campaign group, for its part, said Australia should be sending ships to stop, not monitor, the annual whale catch Japan characterizes as scientific research. Japanese whaling ships took more than 100 whales in the Antarctic Ocean last year in its annual hunt, which lasts from January to March. The environmental group Sea Shepherd Australia, which has sent three vessels of its own to try to prevent the Japanese whale hunt, criticized Australia's decision, saying the country's current administration had gone back on a promise to send ships to stop the whaling. "They haven't got the guts to go down there and do it," Jeff Hansen, the group's managing director, told the BBC. The Australian government has said it believes Japan's operations in the Antarctic Ocean constitute commercial whaling and has taken its case to the United Nations' International Court of Justice, based in the Hague, Netherlands, which is expected to rule on the matter in the next few months. <br>More:

Australia want to be No.1 in a year: Brad Haddin

23, 2013 9:43 p.m. ET SYDNEYAustralia's banking regulator ordered the nation's largest lenders to deepen capital reserves to check this out protect themselves against economic shocks, tying up funds that might otherwise have been used to fatten dividend payments. Banks including Commonwealth Bank of Australia Ltd., the biggest by market value, and Westpac Banking Corp. will have to raise their capital buffers to 8% from 7% at the start of 2016, the Australian Prudential... <br>More: united states ></a>

Australia Sets Higher Capital Buffer for Four Biggest Banks

Low pressure just north of Australia looks to develop into a stronger storm by this weekend. The center of the disturbance will travel westward through the Timor Sea and into the eastern Indian Ocean. In doing so, the system will move into more favorable conditions for development, including warmer waters and weaker opposing winds. The storm currently looks to strengthen as it takes a turn towards the northwest coast of Australia, near the western Pilbara Coast or Gascoyne coast early next week. Expert Senior Meteorologist Jason Nicholls said, "Conditions look good for rapid strengthening this week and possible Tropical Cyclone Christine has the potential to be a strong storm late in the week." The above graphic shows the possible track of the disturbance late this week, heading towards Northwest Australia. RELATED: <br>More:

Australia Orders Banks to Raise Capital

We'll play this game in the same spirit and with the same fight we've shown throughout my whole Test career." Haddin said Australia are determined to press for the 5-0 series sweep which will lift them from fifth to third on world Test rankings. (Getty Images) Haddin said Australia were already aiming not just at the No. 3 ranking, but to the summit. "We want to challenge ourselves to be the best cricketers we can be as a group and we hope that end result is to be No.1 in the world," he said. But Haddin said the real test of Australia's aspiration to become No. 1 will likely come in the tour of South Africa. <br>More:

Developing Tropical Cyclone Near Australia

in 2008. Under D-SIB rules, national authorities have leeway to determine which banks should be considered important and the level of additional capital charges to be applied to these banks to minimize their risk of failure. No Phase-In While Australian lenders stayed profitable and didnt require bailouts during the financial crisis, APRA has followed a tighter timetable without phase-ins to impose the new rules. It again said today it didnt see a need to go spread the introduction of the new capital requirement over a few years. NAB (NAB) said in response to APRAs announcement that it has a strong capital position and expects to be able to meet the revised capital requirements through organic capital generation. It may opt to lean on its dividend reinvestment plan if needed, the lender said in a statement. <br>More:

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