US-based farmer-owned agribusiness company CHS has teamed up with Australia-based Ruralco to acquire grain origination and marketing firm Agfarm for an undisclosed amount. Under the deal, CHS and Ruralco will each own 50% of Agfarm. The ...
Last month’s credit crunch should be seen as part of Beijing’s effort to restrain runaway credit growth and investment and encourage consumption spending, according to the Export Finance and Insurance Corporation. The ...
The Ettamogah Rail Hub is set to expand its services to Brisbane after being awarded one of the largest regional freight contracts in the country. The rail hub has announced a new twice-weekly service from Albury to Brisbane after ...
Tags: Regional Rail Service
The Qantas and Emirates partnership in New Zealand will be opening for bookings from 14 August 2013, subject to regulatory approval. Aligned fares, frequent flyer benefits and code share arrangements will all be switched on across the ...
Forget the parody videos that claim your vision will be clogged with ads when you wear Google Glass down the street. The little virtual display screen you see at the top right-hand doesn't dominate your view at all. You see it by focusing ...
The federal governments proposed changes to the fringe benefits tax might pass through the senate before the election, if Kevin Rudd has his way. Mr Rudd has been in contact with numerous world leaders in regards to the G20 summit and is ...
Tags: Fringe, Transportation
As part of its Clean Technology Innovation Program, the Australian Federal Government has awarded BluGlass Ltd of Silverwater, Australia $2,999,255 in funding for its project 'Versatile prototype deposition machine for higher efficiency, ...
Tags: BluGlass RPCVD, Electrical, Electronics
Germany based vehicle manufacturer Rheinmetall MAN Military Vehicles (RMMV) has won a EUR1.1bn contract from the Australian Defence Force (ADF) to deliver a fleet of advanced logistical vehicles The deal is part of ADF's Land 121fleet ...
Tags: Rheinmetall Man, Fleet Supply
Indian automobile manufacturer Tata Motors has collaborated with the Fusion Automotive to expand its presence in Australia. Under the partnership, the Fusion Automotive will undertake marketing and distribution of the Tata Motors brand in ...
The Australian dollar was weaker as markets warmed again to the idea that the central bank will cut interest rates next month. "Domestic press speculation of an RBA rate cut in early August has weighed on the Australian dollar," RBC ...
Tags: Australian Dollar
The new Australian distributor of Tata Motors hopes to offer a full range of passenger and commercial vehicles over the coming years, but says the Tata Nano isn’t headed our way in the foreseeable future. Fusion Automotive managing ...
Tags: Tata Nano, Transportation
Wärtsilä, the marine industry's leading solutions and services provider, has provided the waterjets for what is claimed to be the world's fastest high speed ferry. In addition to two of its LJX1720SR axial waterjets, ...
Tags: High Speed Ferry, Equipment
The Australian dollar has hit a one-week high, getting a boost from the rising gold price and a good performance on Asian sharemarkets. At 5pm AEST, the local unit was trading at US92.59c, up from US92.22c yesterday. During the local ...
Tags: Australian Dollar, Gold Price
The Australian dollar rose after gold prices soared and weaker-than-expected American home sales figures put downward pressure on its US counterpart. At 7am AEST the local unit was trading at 92.49 US cents, up from 92.22 cents at ...
Tags: Australian Dollar, Home Sales
Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian sharemarket finish higher. At 4.15pm AEST, the benchmark S&P/ASX200 index was up 18 points, or 0.36 per cent, at 5035.1. The broader All ...
Tags: Chinese Woes