The 11th Five Year Plan growth targets for textiles sector were (a) cloth production to grow at the rate of 12 percent in volume terms; (b) clothing and apparel to grow at the rate of 16 percent in volume terms and 21 percent in value ...
Tags: fabric output, fabric, textiles sector
The dollar edged lower after investors reacted negatively to an international bailout package for Cyprus that raised concerns about fresh upheaval in the eurozone. The eurozone has taken the unprecedented step of proposing a new levy on ...
Tags: Dollar, eurozone, risk assets
At least 150 workers at CSR’s Viridian glass-making factories in western Sydney confront the closure of their plants and the destruction of their jobs, in the latest of the swathe of job cuts sweeping through the manufacturing sector ...
Tags: glass workers, glass, glass making factories
South African junior thermal coal miner Continental Coal announced Monday that diversified mining investment and production company Village Main Reef has agreed to acquire a 19.9% interest in the miner through a A$8 million ($8.3 million) ...
Tags: Metallurgy, Mineral, Energy, Chemicals
Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
An afterglow effect from Australia's stellar jobs numbers helped support the dollar in quiet trade today, although traders cautioned that further significant gains for the currency are unlikely in the near term. "Today the Australian ...
The sharemarket fell sharply yesterday as iron ore prices declined and strong jobs news cooled hopes of interest rate cuts. Employment jumped by 71,500 places last month, the Australian Bureau of Statistics said. Economists had expected a ...
Tags: sharemarket, iron ore prices, iron ore
The dollar rose to a five-week high after data showed the country recorded its strongest monthly employment growth in close to 12 years in February, diminishing the chance of more immediate rate cuts that might push the currency lower. At ...
The dollar was higher late today following strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 4.50pm AEDT, the Aussie fetched $US1.0313 compared with US$1.0282 ...
Tags: dollar, strong economic data, house prices
THE Australian dollar was higher in late Asian trading yesterday after strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 5pm AEDT it was buying $US1.0314, up ...
Tags: economy
The Australian dollar was higher in Asian trading yesterday as investors continued to lower their expectations of further interest rate cuts this year. Futures markets yesterday were pricing in just 18 basis points of interest rate cuts, ...
Tags: Rates, Australian dollar, dollar
The dollar was higher today as investors continued to lower their expectations of further interest rate cuts in 2013. Futures markets were pricing in just 18 basis points of interest rate cuts, compared with 50 basis points at the start ...
Tags: dollar, futures markets, cash rate
The Reserve Bank has denied reports that its computer systems or networks have been compromised by hackers, saying that at no point has any data or information been lost or its systems corrupted. Responding to a report in yesterday's ...
Tags: IT security, computer systems, cyber attacks
Statistics released by Beijing painted a picture of rising inflation and slowing domestic growth, prompting worries that China's demand for Australian exports would weaken. At 4.47pm AEDT, the Aussie fetched $US1.0224 compared with ...
Tags: Aussie, US, Australian dollar
The Reserve Bank of Australia's computer systems have fallen victim to cyber hacking in at least two highly sophisticated online attacks. Documents released by the RBA show that the central bank was the victim of a "highly targeted" email ...
Tags: Hackers, RBA computers, malicious software