Latest International Business News
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Turkish unions business groups back crackdown on Taksim Square protest
The Turkish ruling elite is closing ranks around Prime Minister Recep Tayyip Erdogan's crackdown against protests. Threatening to send the army against the population, Erdogan has sent riot police to violently clear Taksim Square, arresting hundreds of protesters Tuesday.WSWS supporters in Turkey reported that 20 business groups and trade union federations took out a full-page advertisement ...
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Emeco cuts earnings forecast again
Shares in mining equipment supplier Emeco Holdings have fallen sharply today to a four-and-a-half year low after the company downgraded its profit forecast for the second time in two months. The company said it expects to report an operating profit after tax in the range of $35 to $36 million, for the year to June ...
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Iranians dance in the streets after qualifying for World Cup days after election
For the second time in days, Iranians, who have had little cause for cheer in eight years, have been dancing in the streets. There was an explosion of joy in their fun-starved nation when its beloved national football team won a prized ticket to next summer's World Cup finals in Brazil with a 1-0 away victory over South Korea on Tuesday. This followed a weekend of celebrations after ...
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Two Canadian sites in running for World Heritage status
A Basque whaling station that dates to the 1500s and a largely unspoiled expanse of boreal forest where five First Nations have existed for six millenniums are among the international sites being considered this week for coveted World Heritage designation.Canadian officials are in Phnom Penh, Cambodia, hoping to convince UNESCO's World Heritage Committee that the Red Bay National Historic ...
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World War Z The zombie canon gets a grown-up addition
From left, Brad Pitt as Gerry Lane, Abigail Hargrove as Rachel Lane, and Mireille Enos as Karin Lane in a scene from World War Z. (Jaap Buitendijk/Paramount ...
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Report paints precise picture of global bird decline
Birds the world over are facing unprecedented challenges, a new report has found, with populations plummeting and a growing number of species under threat. But better data from the field is making it possible to pinpoint exactly where and why some categories of birds are at particular risk, paving the way for strategies designed to improve their ...
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Chinas manufacturing activity at 9-month low HSBC
China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for June fell to 48.3, the lowest level since October and down from 49.2 in May, according to figures released by HSBC on Thursday.An index reading above 50 indicates expansion, while a reading below 50 means ...
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Siemens Exits Solar Industry Suffers $1 Billion In Losses
, the industrial conglomerate based in Munich, Germany, is shutting down its solar power division, which has suffered nearly $1 billion in losses over the past two years. In 2009, Siemens paid $418 million for Israel-based Solel Solar Systems, which it put up for sale late last year. The following year, Siemens acquired a significant stake Archimede ...
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China Lending Crisis Not For New Industries Says Premier
Suntech power was the first Chinese corporation to ever default on its debt; this one a $531 million loan. China's solar power industry is running on overcapacity...and running on empty. Industries like this will struggle to get capital and will either merge with others or go out of business. China's Premier Li Keqiang said the government has to be mindful of lending, and where it ...
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Global Markets Feel the Fed Sting
Equity, bond and commodity markets sold off sharply in Asia on Thursday, picking up the baton from the sharp falls on Wall Street, after the U.S. Federal Reserve suggested it could start to unwind its monetary stimulus program later this year. News that the flash HSBC China Purchasing Managers' Index, a gauge of manufacturing activity, hit ...
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Oman Air orders planes worth $473m from Boeing
With this new order, the airline now has a backlog of six 737-800s and five 737-900ERs. In addition, Oman Air has six Boeing 787-8s on order, the statement ...
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Industry predicts wine plan woes
TAS There are concerns the Federal Government's new approach for Tasmania's wine industry could be devastating. The Commonwealth commissioned a report to understand how money from the forest agreement should be spent to diversify the state's economy. The report suggests the wine industry focuses on supply-led growth. Chief Executive of Wine Tasmania, Sheralee Davies, says it is ...
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Smoggy Singapore struggles to get to grips with pollution takes aim at companies and neighbors
(30 mins ago) Singapore and Indonesia were scheduled to hold emergency talks today after thick smog from forest fires on Sumatra island reached unprecedented levels on the island. Parts of Malaysia have also been severely affected by the smog. Singapore said it was sending the chief executive of the National Environment Agency, Andrew Tan, to attend an emergency meeting to be hosted by ...
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Fewer drivers seen on July 4 as shorter holiday economy bite AAA
(Reuters) - Fewer drivers will take to the road during the Independence Day holiday in part due to a sluggish economy, but also because people will take less time off, travel group AAA said on ...
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Business worries pile up
o Obamacare. A big cloud over 2014. The Affordable Care Act kicks in fully six months from now, Jan. 1, and business still can't weigh all its unaffordables. Socializing medicine for millions by way of layers of insurance "exchanges," taxes and penalties poses a storm of costs and confusions. And doesn't spending more on health mean spending less on other stuff, such as what ...
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Ford City 5K Race andor Walk to be conducted on July 6 during Heritage Days
The Ford City 5K Race and/or Walk, held every year during Heritage Days, will be sponsored this year by the Ford City Football Boosters to benefit its ...
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Microsoft Reverses Decision to Impose Restrictions on Used Games for Xbox One
E3: Xbox One to Launch in November for $499 Last week at E3, Microsoft had said it would put restrictions in place to limit the sale of used games for Xbox One. Later that same day, Sony received enthusiastic applause at its press conference when, in previewing its competing PlayStation 4, it said it would instead allow players to lend, trade or resell used disc-based games as they choose. ...
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Coca-Cola names Lucie Austins replacement
Coca-Cola South Pacific has recruited Chris Johnston to fill the shoes of award-winning marketer Lucie Austin. Johnston has been with Coca-Cola in various roles since 2002 according to his LinkedIn profile. Coke Zero, Coke Red and Diet Coke now fall under his remit as do Fanta, Glaceau Vitamin Water and a team of 50. Austin was behind ‘Share a Coke’, which Coca-Cola’s ...
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DP World Confirms New Container Terminal Deal
DP World and Jawaharlal Nehru Port today held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the ...
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Political uncertainty weighs on business
Prime Minister Julia Gillard had hoped to bring certainty when she unexpectedly called the September 14 election date back in January.But a leading business group says it hasn't worked.Australian Chamber of Commerce and Industry chief economist Greg Evans believes it has only added to the uncertainty to an economy that has also been hit by a high Australian dollar and a volatile global ...
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Dakotas are wooing Minnesota workers companies
The states are appealing directly to workers and businesses in Minnesota, asking them to head for the border. This spring, when Minnesota lawmakers hiked the cigarette tax, created a higher top-tier individual income tax and expanded the sales tax to a handful of industries, a fresh round of interstate wooing ...
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Manufacturing sector sees rare improvement
Manufacturing saw a modest improvement during the June quarter, coinciding with a sharp drop in the Australian dollar in recent months, new research shows.However, economists say this rare improvement in the sector will not stand in the way of further interest rate reductions by the Reserve Bank of Australia (RBA) in coming months.The composite index for the Australian Chamber of Commerce and ...
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FSRU Toscana Sails Away from Drydocks Worlds Dubai Yard
Drydocks World, an international maritime service provider, announced that Floating Storage Re-gasification Unit (FSRU) Toscana has sailed away from Drydocks World's Dubai yard. The unit, formerly the 138,830-cubic meter (cbm) LNG carrier Golar Frost, has been under conversion since June 2009 for contractor Saipem and owner OLT. The LNG Carrier, built by Hyundai Heavy Industries was ...
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DealBook Britain Prepares to Sell Its Stake in Lloyds and Weighs a Breakup of R.B.S.
The chancellor of the Exchequer, George Osborne, at a Lloyds branch in London on Wednesday. LONDON — The British government is preparing to sell part of its holding in ...
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Quickstep Technologies comment on Australian manufacturing
The chairman of high-tech composites manufacturer Quickstep Technologies has spoken of the role of government input in assisting his company, and of the importance of being a part of a global supply chain. Quickstep is ASX listed and opened a facility in Bankstown last year, which ...
South America Featured
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Shipping Wars: Uruguay and Argentina face off over rival port expansion plans
Argentina and Uruguay both want to be the shipping hubs of South America, or southern South America at least, and both are planning to considerably expand their port infrastructure in Buenos Aires and Montevideo respectively, which is leading to considerable diplomatic strain.
Argentina is a regional power in South America, the country is considered one of the more developed nations on the continent on-par with Uruguay (on paper at least, with a similar per capita income and Human Development Index rating) although the country occupies a majority of the continent with Brazil and presides over a massive coastline. Read more
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