Alcoa has announced it will permanently close its Point Henry aluminium smelter and two rolling mills in Australia. The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are ...
Tags: aluminium, Metallurgy, Mineral
The Chinese economy grew at an annual pace of 7.7% in the fourth quarter of 2013, which was enough to ensure that growth for the whole of the year matched that of 2012. According to preliminary data from the National Bureau of Statistics ...
Tags: Chinese Economy, NBS, Australia, market
Holden chairman and managing director Mike Devereux says no decision has been made on the future of the car maker's Australian manufacturing operations. Speaking to the Federal Government's Productivity Commission?in Melbourne, Devereux ...
Tags: Holden, Australian Future, Car Maker
US-based Archer Daniels Midland's (ADM) proposed acquisition of grain handler GrainCorp for A$3.4bn ($3.1bn) has been rejected by the Australian Government over concerns that the deal would go against the national interest. The move comes ...
Archer Daniels Midland Company today announced a package of additional commitments related to its proposed acquisition of GrainCorp Limited. Key elements of that package are: An additional A$200 million investment to strengthen ...
Approximately $21.5 billion would be wiped from the Australian economy if the automotive manufacturing industry collapsed in 2018, according to research commissioned by the Federal Chamber of Automotive Industries (FCAI). The report found ...
The Federal Government has commenced its review into its support of Australia’s automotive manufacturing industry as it formally seeks to find the best solution for the sector going forward. Federal Treasurer Joe Hockey submitted ...
Tags: Car Industry, Auto Parts
Pentair Ltd. announced third quarter 2013 sales of $1.8 billion. Sales were down 2 percent compared to adjusted pro forma sales for the same period last year. Adjusted third quarter 2013 earnings per diluted share ("EPS") were $0.86, up ...
Tags: Pentair, Processing Machinery
SHARES have closed higher despite slipping in afternoon trade due to concerns about a slowdown in China. Data from China showed exports unexpectedly fell 3.1 per cent, while imports fell 0.7 per cent in June, suggesting a further slowdown ...
Tags: economy
OPPOSITION treasury spokesman Joe Hockey says the rapidly falling Australian dollar is having an "immediate negative impact" on business confidence and fuel prices, despite being good for exporters. Mr Hockey said falling interest rates ...
THE online advertising industry directly contributed $3.4 billion of Australia's economy last year and may indirectly be responsible for another $13.7bn. That was the finding of a PwC study on the sector released by the Interactive ...
THE days of the Australian dollar soaring above the 100 US cent mark are over. So whether you're despairing that you can no longer afford that holiday in New York or rejoicing that your business is now more competitive, one thing is ...
Tags: Service
Further falls have been forecast for the Australian dollar, which yesterday dived below the US95c mark to levels not seen since October 2011. Speculation that the US Federal Reserve will begin to slow its monetary stimulus sooner than ...
Tags: Aussie Dollar, US95c
The Victorian Transport Association (VTA) Academy has officially launched the Driver Cadetship Program. The launch was supported by Zurich Insurance, which affirmed it will reduce insurance premiums and restrictions for drivers undergoing ...
Tags: Service
The Australian dollar gained as much as US1c in overnight trade after the US dollar fell against all the major currencies. The Aussie peaked at US96.71c in overseas trade overnight. By 7am AEST it was trading at US96.34c, up from ...