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
Crude futures settled higher Thursday, with the ICE April Brent contract bouncing off Wednesday's 2013 lows to expire 90 cents higher at $109.42/barrel. The May contract settled up 72 cents at $108.96/b. NYMEX April crude closed US ...
Tags: Crude futures, crude, crude industry
At the SteelOrbis Market Talks Meeting held in the northwestern Turkish city of Bursa on March 15, Sinan Sozen, executive vice president of Borcelik, one of Turkey's leading cold rolled coil and galvanized sheet producers, said that the ...
Tags: Metallurgy, Borcelik, Mineral
February retail sales exceeded expectations, according to data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that February retail sales at $421.4 billion were up 1.1 ...
Tags: retail sales, sales, promising signs
The Australian dollar rose to a five-week high yesterday after data showed the nation recorded its strongest monthly employment growth in almost 12 years last month, diminishing the chance of further immediate interest rate cuts that might ...
Tags: Australian dollar, dollar, Financial
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 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 Australian dollar was slightly lower ahead of the release of important domestic employment data. At 6.30am AEDT the currency was trading at 103.09 US cents, down from 103.14 cents at yesterday’s local close. The currency ...
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
SAP and Saudia announced on Wednesday that they had signed a MoU to set up a competency centre at King Abdullah Economic City in Makkah. The idea is to prepare Saudi graduates for the job market through teaching essential business, IT and ...
U.S. Labor Department data released on March 8, US February non-agricultural unemployment rate has dropped to the lowest since December 2008. It indicates that the U.S. economy is recovering powerfully. The data showed that the U.S. ...
Tags: US, unemployment rat, economic recovery
The European Economic Advisory Group at CESifo (EEAG)* has released its twelfth Report on the European Economy today in Brussels. The international group of scholars expects world GDP to grow by 3.3 percent this year, up from 3.0 percent in ...
Tags: European Economy, GDP, economy
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 Australian dollar weakened after better-than-expected US jobs data boosted the greenback against most major currencies. At 6.30am AEDT the currency was trading at 102.09 US cents, down from 102.43 cents at Friday’s local close. ...
Tags: Australian Dollar, US Jobs Data
Because of the shrinking market demand in Europe, Hyundai Motor has delayed its target of 5% market share in Europe in 2016, and will focus on consolidating the achievements in the European market. Hyundai Motor sales in the European ...
Tags: Hyundai Motor, car sales, car