Last week legislation to change the voting procedures for the Senate passed both houses of the Australian Parliament. With the current conservative Liberal/National coalition government not having a majority in the Senate, the legislation was passed with the assistance of the Greens, and the powerful South Australian Independent Senator, Nick Xenophon. Whenever a voting system becomes a topic of debate ...

BLOOMBERG The dollar is on its longest winning streak in a month as speculation builds that the Federal Reserve is moving closer to raising interest rates — and that’s weighing on oil, gold and emerging markets. The U.S. currency strengthened for a fourth day after Chicago Fed President Charles Evans joined officials who’ve said this week they expect to raise ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.12% to close at 4503.58 points. Accordingly the Market Capitalization has gained AED 0.88 billion attaining AED 730.54 billion. A total of 378.09 Million Shares were traded with a total value of AED 0.55 billion during the trading session of 23-03-2016 through 6353 transactions. The number of companies which ...