Australian PM pledges financial help for flood-hit Queensland
Prime Minister Julia Gillard pledged financial support for Australia’s flood-hit northeast today during a tour of the most heavily inundated parts of Queensland state amid forecasts of more rain.
Australian Trade Surplus Shrinks as Coal, Iron Ore Lead Exports Lower
Australias Trade Balance surplus narrowed for the first in three months in July, printing at A$1.8 billion. Economists were expecting a shallower decline to A$3.1 billion ahead of the release. Exports slumped 4.6 percent, with shipments to China Australias top trading partner and the top source of demand behind the mining boom that kept the antipodean economy afloat amid the so-called Great …
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