Interest in Victorian dairy company Warrnambool Cheese and Butter (WCB) has attracted a new potential bidder, according to media reports. There is speculation that Chinese state-owned China Investment Corporation is interested in WCB and ...
Tags: Agriculture, Food
Australia's three surviving car makers have called for continued financial support, a reassessment of tariffs and trade agreements, and policy clarity in their submissions to the Federal Government's inquiry into the current state and the ...
Tags: Car Makers, Call for Support, Productivity Commission Submissions
Toyota Australia sales and marketing executive director Tony Cramb has revealed that an official decision on whether to close the company’s local manufacturing operations will be made “in the first half of 2014″. ...
Tags: MID-2014, Toyota, Local Manufacturing
Beijing - Activity in China's vast factory sector grew at a milder pace in November as new export orders shrank, a preliminary survey showed on Thursday, bolstering expectations the economy could lose some of its vigor in the fourth quarter ...
Tags: PMI, Chinese economy
Company profit expectations have reached their highest level since 2003, with Australian businesses anticipating a jump in takings in the New Year on the back of stronger sales and firming selling prices. Continuing initial positive ...
Tags: Business Earnings, economy
Performance, Ride & Handling 4 Comfort & Interior 4 Quality & Design 4.5 Value & Features 4.5 Safety 4 Green 3 The Jeep Grand Cherokee Overland is, at least for now, the top variant of the best-selling large SUV in the country. ...
Tags: Jeep Grand, Cherokee
Australian businesses are failing to pay their bills on time more often than not, with 60 per cent of invoices settled beyond the standard 30-day payment period. Dun & Bradstreet ' s latest Trade Payments Analysis shows that this high ...
Bluescope Steel announced to open its tenth production plant in Xi'An province in the northwest China. The plant aimed to produce providing 120,000 tons of pre-engineered steel building frames and will ramp up steel production in central ...
Tags: steel, Metallurgy, Mineral, Energy
Up to 100 workers at Toyota Australia’s Altona manufacturing plant will be made redundant next month as the local car maker reacts to a drop in export orders. Toyota Australia says reduced demand from export markets has made it ...
Tags: Toyota Australia
Murray Goulburn (MG) Co-operative, an Australian diary giant, has recorded more than two-fold increase in net profit after tax to $34.9m for the financial year ended 30 June 2013, as compared to $14.5m in 2012. Sales rose by 1% against ...
Tags: Murray Goulburn, Food
According to the market expectations, the FED of Australia cut benchmark interest rates to 2.5%. The fed said, the outlook for inflation may create a favorable environment for further rate cuts. Analysts said, although the Australian dollar ...
BMW Australia has questioned rival Mercedes’ pricing strategy with its A-Class hatchback, believing it has been unnecessarily aggressive. The smallest Mercedes (main image) was launched with a $35,600 starting price earlier in 2013, ...
Tags: Mercedes-Benz, BMW
THE Australian dollar is lower, driven down by strong US data, a weak local inflation measure and a bleak federal government budget forecast. At 5pm AEST the local unit was trading at 89.07 US cents, down from 89.58 cents yesterday. The ...
THE Australian dollar continued to fall after it was reported that claims for US unemployment insurance benefits last week fell to a five-year low. At 6.30am AEST the local unit was trading at 89.29 US cents, down from 89.58 cents at ...
Tags: economy
Business confidence levels are showing signs of stabilising, with the year-end outlook for profits, sales, employment and capital investment beginning to level out. After declining through much of the year, initial expectations for the ...