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In business, gold has fallen to a six weeks’ low below 1490 US dollars an ounce partly of Greece’s approved austerity package. The drop was also driven by falling oil prices and gains in the US dollar against a number of other currencies.
Research commission by the Australian industry group has found a carbon tax is the most effective and economically efficient way to reduce emissions1, but the research also found Labor’s scheme risks falling short because other countries aren’t going as far.
Australia’s copper2 watchdog has brought criminal charges against the founder3 of a failed property group Westpoint. The businessman faces a maximum of five years’ jail if convicted. Westpoint collapsed4 in 2006, owing 4000 investors5 about 300,000,000 dollars. The Australian Securities and Investment Commission has charged founder Norm Carey along with company’s Secretary Graeme Rundle each breaching6 their duties.
And now to the market numbers and the local share market has ended the week with slight losses. The All Ordinaries shed 1/3 of a percent. It was a mixed session across the region. The Nikkei is trading higher. In the United States, stocks made gains for a fixed7 straight session recording8 their best week in nearly a year. The Dow was up about 168 points. And the Aussie dollar is buying around 108 US cents.
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1 emissions | |
排放物( emission的名词复数 ); 散发物(尤指气体) | |
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2 copper | |
n.铜;铜币;铜器;adj.铜(制)的;(紫)铜色的 | |
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3 Founder | |
n.创始者,缔造者 | |
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4 collapsed | |
adj.倒塌的 | |
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5 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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6 breaching | |
攻破( breach的过去式 ); 破坏,违反 | |
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7 fixed | |
adj.固定的,不变的,准备好的;(计算机)固定的 | |
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8 recording | |
n.录音,记录 | |
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