Nicola Roxon News
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Prime Minister Julia Gillard slipped behind opposition rival Tony Abbott as Australia’s preferred leader for the first time since August after her credibility was dented when a mining tax she helped design brought in less revenue than forecast.
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Australia will swear in replacements for two exiting government ministers today as Prime Minister Julia Gillard tries to minimize disruption caused by twin resignations within a week of setting the date for an election.
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Australian Prime Minister Julia Gillard, who last week announced an election on Sept. 14, has seen support for her ruling Labor party slump as a scandal involving a former Labor lawmaker and the resignation of senior ministers dent her government’s credibility.
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Australian Attorney General Nicola Roxon and minister Chris Evans have resigned from cabinet, three days after Prime Minister Julia Gillard set a federal vote as the Labor government trails the opposition in opinion polls.
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A former vice president in Citigroup Inc.’s treasury finance department, Gary Foster, was charged with embezzling more than $19 million from the bank in what a U.S. prosecutor called “the ultimate inside job.”
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Philip Morris International Inc., the world’s largest publicly traded tobacco company, said an Australian proposal requiring cigarettes to be sold in plain packages violates a treaty with Hong Kong and may cause billions of dollars in damages.
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Australian Health Minister Nicola Roxon said an extra A$15.6 billion will be guaranteed for future health-care spending across the country as the federal government tries to win support from state leaders for a revamp of the health-care system. Roxon made the comments on Australian Broadcasting Corp. radio today.
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New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
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Credit Suisse Group AG, Switzerland’s second-biggest bank, was sued by IKB Deutsche Industriebank AG over $215.4 million in residential mortgage- backed securities.
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British American Tobacco Plc said Australia’s cigarette plain-packaging law is unconstitutional and if enacted, the company will sue in the nation’s top court in a bid to repeal it.
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