BUSINESS

Brisbane workers union decries job losses to Chinese competitions

The Australian Manufacturing Workers Union (AMWU) said on Monday that up to 120 workers suffered job losses when a Brisbane rail factory relocated to China as the union warned that more job cuts can be expected with more manufacturing companies opting to outsource their contracts.
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Australian housing finance declines in June

Housing finance for owner-occupied commitments in Australia slumped by a seasonally-adjusted 3.9 per cent in June, well above analysts' prediction of a 2 per cent decline.

ResMed Wide Awake

Sleep disorder group ResMed delivered a solid result according to brokers, with most remaining positive on the expectation earnings momentum will continue in coming quarters.

Job ads edge up in July

Australian job advertisements rose in July, with both online and newspaper ads higher after three months of successive declines, according to a survey by Australia and New Zealand Banking Group Limited (ASZ:ANZ).

Watson possibly eyeing Sigma

US-based Watson Pharmaceuticals (NYSE:WPI) has not ruled out a $600 million takeover bid for Australian healthcare group Sigma Pharmaceuticals (ASX:SIP).

Australian Dollar Outlook 9/8/2010

The Australian Dollar has opened this morning just under 0.9200 after breaching this level on Friday night after the market digested the release of US July non-farm payrolls that saw a decline of 131k in the month, which was more than the forecast loss of 65k.

World Market Overview

U.S. stocks fell modestly in a day of volatile trading Friday, after a disappointing jobs report cast fresh doubts over hopes for the U.S. economic recovery.

Daily Forex Commentary 9/8/2010

Friday's release of the RBA Monetary Policy statement swayed little from the recent central bank rhetoric with a relatively neutral document.

Bendigo & Adelaide Bank profit up 190%

Australia-based Bendigo and Adelaide Bank (ASX:BEN) has announced a 189.5 per cent rise in annual net profit and claims it has "sound reasons for restrained optimism".

Jimmy Choo on sale yet again

Celebrity shoe provider Jimmy Choo is reportedly considering a potential sale of the business floating an asking price of $A869.11 million and as reported by the Sunday Telegraph over the weekend, the company is seeking out investment banks for further determination of its business options.

Markets: Shares Close Up

American shares recovered after earlier losses on Friday in the wake of the release of poor July jobs figures.But they ...

Earnings: Buffett's Option Hit

Warren Buffett turns 80 on the 30th of this month, and as an unwelcome advance present, his Berkshire Hathaway company h...

CBA under scrutiny over expected $6bn profit

A possible record $6 billion-plus profit from the Commonwealth Bank of Australia (ASX:CBA) this week will reawaken issues that major banks are giving a boost to their bottom lines at the expense of clients.

Mixed leads for Australian share market

The Australian share market has received mixed leads from offshore markets over the weekend, with Wall Street and oil prices closing negatively, and precious metals finishing higher.

Australian food safety conference

Just 4 weeks to go to the 3rd Australian Food Safety Conference7-9 September 2010 MelbourneFood is something that impacts  on the life of everyone. As Australia's largest manufacturing industry and major export contributor, the food and beverage sector is also vital to the economy.There are just 4...

Food Science and Technology Award Winners

The 43rd Australian Institute of Food Science and Technology Convention was held last week with a number of awards being presented to worthy winners. Most notably were the AIFST Food Industry Innovation Award, President's Award, Bruce Chandler Book Prize and Jack Kefford Award.Preshafood Ltd has won...

Boost for Victorian Dairy industry

A $40 million Victorian Government investment has the potential to deliver a $320 million benefit to Victoria's dairy industry, Agriculture Minister Joe Helper said today.Launching the Dairy Futures Cooperative Research Centre (CRC) at Bundoora today, Mr Helper said the largest single investment in...

Coles says Cheese

Coles has joined CheeseFest as the major sponsor for 2010. CheeseFest is a celebration of Australian cheeses, taking place Sunday 17 October 2010 at Rymill Park.A highlight on the South Australian calendar, Coles CheeseFest 2010 is set to be the biggest and best cheese festival yet.Coles Zone Gene...

Health Insurers In New Zealand Report Higher Claims

In spite of the fact that there has been adverse economic conditions, New Zealand’s health insurers say there has only been a slight drop in the number of people covered by health insurance, whilst continuing to report high levels of claim costs.New Zealand’s health insurers paid approximately N...

Australian Business Leaders Increasingly Less Confident

Australian business leaders are less optimistic about the country being able to meet the challenge of an ageing population and in particular superannuation according to the results of a survey.The survey results suggest that less than half of all business leaders were less confident, and that only 4...

Table of Plenty Dukkahs

Table of Plenty's delicious dukkah range is just the thing to spice up your menu and impress your dinner guests - offering a taste of the exotic with the greatest of ease.Kate Weiss, founder of Table of Plenty, discovered dukkah whilst living in the Middle East and decided to begin producing her ow...

Aston Resources price slash to increase interest

Nathan Tinkler's initial public offering for Australian developer of coal projects Aston Resources has been lowered by about 25 per cent to secure investor interest and a stock exchange listing.

Mining boss not voting Gillard

Atlas Iron Ltd (ASX:AGO) chief executive David Flanagan said he would not vote for Julia Gillard, whom he labeled a "tax queen" given the government's plan to impose the revised levy.

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