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The Reserve Bank of Australia agreed to sell its 50 percent stake in Securency International Pty, the note-printing unit at the center of corruption allegations, as it seeks to draw a line under the biggest scandal of Governor Glenn Stevens’s term.
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Australia’s Greens Party want a carbon price imposed quickly and won’t automatically back policy proposed by Prime Minister Julia Gillard , whose minority government relies on their support, lawmaker Adam Bandt said.
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The Reserve Bank of Australia denied Governor Glenn Stevens misled parliament over what officials knew of alleged corruption at a note printing unit amid media reports his former deputy was informed of potential bribery.
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The Reserve Bank of Australia said its executives acted with integrity in response to allegations of bribery at its note printing units amid a new report that a senior bank official was aware of corruption in 2007.
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The Australian Greens won its first lower house seat in a general election as support for the party surged almost 50 percent, making it a potential power broker for the nation’s next government.
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Australia’s three serving independents, likely to hold the balance of power in the national parliament, will meet tomorrow to decide which party to support and whether to back a tax on mining company profits.
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Reserve Bank of Australia Governor Glenn Stevens said the central bank won’t disclose some documents relating to allegations of corruption at its note- printing units to avoid jeopardizing criminal prosecutions.
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Reserve Bank of Australia Governor Glenn Stevens said the bank is compiling documents relating to allegations of bribery at its note-printing units and will make them public once it receives court approvals.
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BHP Billiton Ltd. , Rio Tinto Group and Xstrata Plc have been called to give evidence to an Australian parliamentary committee investigating the government’s planned 30 percent tax on iron ore and coal profits.
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Singapore Exchange Ltd. ’s A$8.1 billion ($7.9 billion) bid for ASX Ltd. was dealt another setback when three key Australian lawmakers said they opposed the sale of the nation’s bourse.
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