Thursday 21 August 2014
 
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Labor

Australian PM Rudd calls Sept 7 election

Australian Prime Minister Kevin Rudd called a September 7 general election on Sunday, barely six weeks after he toppled former leader Julia Gillard in a party-room vote, ending a turbulent three years in power for the minority Labor government

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US jobless claims at four-month high

  The number of Americans filing new claims for unemployment benefits hit a four-month high last week, suggesting the labor market recovery lost some steam in March.    Initial claims for state

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Australian PM Gillard wins leadership ballot

Australian Prime Minister Julia Gillard convincingly won a leadership vote against rival Kevin Rudd on Monday as opinion polls show her unpopular minority government clawing back voter support despite the bitter and public leadership brawl.

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Australia heading towards first hung parliament

Australia faces it first hung parliament in decades with neither the ruling Labor party or the opposition likely to be able to form a majority government after Saturday's election, a worst case outcome for financial markets. Prediction

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