Result Page 8 for Latest Manufacturing News & Archive

Australian Industry Group to Push for Higher GST Rate

The Australian Industry (Ai) Group will push for an increase in the goods and services tax (GST) rate in the Oct. 4 and 5 tax forum organized by the federal government.

Australian Stock Market Report - CLOSING - 09/27/2011

AFTERNOON REPORT (4.30pm AEST)The Australian share market snapped a three day losing streak today, rallying by 3.5pct as investor sentiment was boosted by hopes European leaders will announce fresh measures to address the sovereign debt crisis. The All Ordinaries Index (XAO) added 135.9pts to 4063.5, after touching an intra-day high of 4049. The S&P/ASX 200 Index (XJO) firmed by 140.7pts or 3.6pct to 4004.6.

Businesses Complain on Rising Costs of Australian Regulations

The latest Australian Industry Group/Deloitte CEO survey released on Tuesday, "Business Regulation," points to the high and rising cost of complying with regulation for Australian businesses.

Australia Stock Market Report - Afternoon- 09/27/2011

MIDDAY REPORT (12pm AEST)As expected, the Australian share market is wiping out yesterday's falls with the All Ordinaries index (XAO) up 2.9 pct or 114.9 pts to 4042.5. Keep in mind that despite the improvement, the market locally has still lost ground for five of the past seven sessions.

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Mining Executives Forecast Further Rise in Gold Prices

The value of gold as an investment was further confirmed as mining executives in two separate gold fora forecast the precious metal's rise in price amid a weak global economy.

Indian Billionaire Wants to Acquire Stake in Rinehart Mines

Indian billionaire G.V. Krishna Reddy wants to acquire a stake in Hancock Prospecting, owned by Gina Rinehart, Australia's richest woman. He agreed to pay $1.26 billion to acquire a 79 percent share in the coal assets, Bloomberg reports.

Qantas Prepares For Workers’ Strike: Kangaroo Faces Rebellion

More than 3000 Qantas staff plan to stop work on Monday September 20. The planned industrial action is to take place in the morning peak period in most airports around Australia, which will last four hours.

Massive Chemical Fire Burns in Canberra's Business District

A massive chemical factory is currently burning on Dacre Street in Canberra's central business district. The fire hit Mitchell, an industrial suburb 5 kilometres north of Canberra, but is close to residential homes.

Beijing Requiring Companies to set up Labor Unions

Beijing municipal government will implement a policy requiring all companies to establish a labor union not only to attract new investments, but also to help labor workers receive higher wages.

Australia's Business Owners Urge Changes in GST, BAS

On the eve of the Federal Government's October Tax Forum, new research from MYOB has found more than two thirds of Aussie business owners (71%) want the Business Activity Statement (BAS) simplified and three quarters (76%) want to have the GST rules reviewed and clarified; while over one third (33%) said that addressing these concerns would impact their voting intentions.

Australian Steelmakers Seek Interest Rate Cuts

Australian steelmakers are seeking a reduction of interest rates and warned that if the Reserve Bank of Australia (RBA) would continue with the current trend, the long-term future of the steel manufacturing industry in the country would be at risk.

Apple vs Samsung in Global Legal War: Intellectual Property Dispute

In an act that could be classified as part of a larger global legal war between Apple and Samsung, a German court banned Korean firm Samsung from selling an iPad-like computer tablet in Germany, ruling it had emulated the iPad.

BHP Billiton Coal Miners on Strike Again

A strike contagion is apparently spreading in Australia's labor sector. Days after thousands of public workers in New South Wales walked off their job over a state pay cap, coal miners of BHP Billiton resumed their job walk off on Saturday over pay and work condition disputes with management.

Australian Stock Market Report - CLOSING - 09/09/2011

AFTERNOON REPORT (4.30pm AEST)The local share market has finished the trading week on a positive note, with the All Ordinaries Index (XAO) adding 7.6pts or 0.2pct to 4277.4 and the S&P/ASX 200 Index (XJO) firmer by 6.7pts or 0.2pct to 4194.7.

Rio Tinto Gets New Water Deal in Pilbara for $292 M

Australian mining giant Rio Tinto got a new water deal in Pilbara. The company, which announced the deal Friday, secured the agreement in exchange for surrendering its entitlement from the Millstone aquifer.

Australia Stock Market Report - Closing - 09/08/2011

The local share market closed marginally higher today, although off earlier gains due to a disappointing jobs report. The All Ordinaries Index (XAO) gained 6.9pts or 0.2pct to close at 4269.8 after reaching a high of 4297.9 in early trade.

Rio Tinto Lashes on Government for Not Delivering on Carbon Tax Promise

Rio Tinto criticized on Thursday the Australian government for its failure to deliver on carbon tax promises, which the Labour government agreed on with industry leaders.

ConocoPhillips Issues An Apology to China Over Oil Spills

After a three-month long of oil spills in China’s Bohai Bay, Energy Giant ConocoPhillips has issued an apology to China and vowed to release funds to ameliorate the conditions of the affected environment, says a Reuters report.

Foreign Companies Suffer As China Moves To Save Its Shipping Industry

Beijing-COSCO Group, a giant state-owned conglomerate shipping company in China demands to small ship owners in dry bulk freight to reduce their rental costs.

Survey Shows Australians Favor 30% Minerals Resource Rent Tax

An online survey released Monday found that 46 percent of Australians favor the government planned 30 per cent minerals resource rent tax (MMRT). The survey by Essential Research said 34 per cent are against the MMRT, reported the Herald Sun.

Australia's Retailers Must Be Exempt from Weekend Penalty Fees

Australia's Retailers Association's executive director Russell Zimmerman, has appealed for the abolition of paying employees time-and-a-half on Saturdays and double-time on Sundays, to maintain the industry's competitiveness amidst the backdrop of a low consumer spending environment in the country.

Mining Industry Expects to Pay $23.4 Billion in Taxes

For the year 2010/11, Australia's mining industry is expected to pay the federal and state governments a total of $23.4 billion in taxes and royalties.

Profits of Aussie Firms Rose 6.7% in Q2

In spite the persisting low consumer demand, Australian companies have recorded a 6.7 percent growth on their gross profits, according to the seasonally adjusted data from the Australian Bureau of Statistics.

Australia's Employers Prefer Internet Job Ads

Australia's employers have opted to advertise online rather than on newspapers, according to the latest survey conducted by ANZ Bank, which showed a a monthly and annual decline indicative of a persistent sluggish economic growth.

Australia's Services Sector Growth Jumps in August

A welcome lift in new orders and sales took the services sector into positive territory in August according to the latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®). The seasonally adjusted index rose 3.3 points to 52.1 in the month (readings above 50 indicate an expansion in activity).

Overall Australian Investments Head South, Mining Swings Further North

There is no stopping Australia’s resources boom and it appears that investors are racing to cash-in on the surging profits projected from mining activities, according to the latest figures issued on Friday by the Australian Bureau of Statistics (ABS).

Carbon Tax Impact: Coal Sector Questions Grattan Institute’s Findings

The Australian Coal Association (ACA) on Tuesday has questioned the results of the Grattan Institute research on the impact of the proposed carbon tax on the coal, LNG and steel industries.

Profits: QRN Reports First Result, Warns of Current Weaknesses

QR National has made a first up profit of $350 million in its first year as a public company.

Building Products Companies At Risk

- Alesco lower 1H12 guidance only a month into the year- Brokers cut forecasts, ratings downgraded- Citi sees implications for other companies in similar markets- Downgrades both GUD Holdings and GWA Group as wellBy Chris ShawIt was only a month ago Alesco Corporation ((ALS)) reported full year earn...

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