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Australia has signed a United Nation's treaty aimed at combating illegal logging. Prime Minister Kevin Rudd ratified the agreement while in New York attending the United Nations. The treaty aims to achieve sustainable management of tropical forests ...

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Australia signs UN logging treaty - Radio Australia

Sept. 25 (Bloomberg) -- Australia's financial system is weathering global credit turmoil better than many others around the world as local banks cut lending, the central bank said. ``Notwithstanding this positive position, the Australian financial ...

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RBA Says Australian Banks Lend Less to Weather Storm (Update3) - Bloomberg

A NEW study by the International Monetary Fund (IMF) confirms Australia is well placed to weather the global economic downturn despite "a more uncertain than usual" outlook, Treasurer Wayne Swan said. The report showed Australia's economic strength ...

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Australia 'should weather downturn' - News.com.au

Sept. 24 (Bloomberg) -- Australia is well placed to weather the global downturn and contain inflation pressures as the nation's economy slows, the International Monetary Fund said. The IMF's executive board welcomed the Reserve Bank of Australia's ...

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IMF Says Australia Well Placed to Weather Downturn (Update1) - Bloomberg

Australia's central bank, the Reserve Bank has used its half-year economic report to highlight the local financial sector's resilience to the global crisis. Our reporter Lexi Metherell reports the Reserve Bank says the problems in the financial ...

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Australia's central bank highlights resilience to global crisis - Radio Australia

A report predicts that the wealth of the region's richest people will grow in the long-term despite recent turmoil in the global financial markets. The Asia Pacific Wealth Report report from Merrill Lynch and Capgemini looks at the number of people ...

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Region's rich to weather financial crisis: report - Australian Broadcasting Corp.

Prime Minister Kevin Rudd has used a favourable International Monetary Fund (IMF) report to reassert that the Australian economy is sound in the face of the global financial crisis. Mr Rudd told senior banking and finance executives in New York ...

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PRESS DIGEST-Australian General News - Sept 25 - Forbes

UNITED NATIONS, Sept 23 (Reuters) - Australian Prime Minister Kevin Rudd said on Tuesday the global economy needs a U.S. financial bailout to be enacted quickly and decisively and the proposed U.S. plan was a "good and strong" measure. He said he had ...

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Australia urges firm action on financial crisis - Reuters

Australia's central bank on Thursday stuck to its view that the country's  well-capitalized and profitable banking system could weather the global credit crisis even as it pushed up  funding costs and forced belt-tightening by households. The ...

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Australia's RBA Confident on Health of Financial System - CNBC

Australia's economy looks well placed to weather the worst of a US-triggered global slowdown as it has increasingly decoupled from the American one. While the US economy hovers near a recession and systemic problems in its banking system are likely ...

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