Latest International Business News
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UAE Singapore discuss global development
The United Arab Emirates (UAE) and Singapore have held talks over international development. The talks were held between UAE's minister for international cooperation and development, Sheikha Lubna bint Khalid al-Qasimi and visiting Singaporean minister for foreign affairs K. Shanmugam and his delegation. Both sides discussed ways to support efforts in international development, stimulating the ...
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Business players take wine seriously
Corporate Finance Business News has compiled and published detailed intelligence on corporate finance activity in Western Australia. A total of 59 Equity Capital Raisings worth $873m and 50 Mergers and Acquisitions worth $2.5bn occurred during March 2013. I invite you to log in to view this content; either by registering in the red box or entering your email and password at the top of the ...
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First China manufacturing shrinkage in 7 months HSBC
BEIJING (AFP) - Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest economy.The banking giant's preliminary purchasing managers' index (PMI) fell to 49.6 this month from a final 50.4 in April, putting it below the 50 mark that indicates contraction. A ...
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Ford to cease Australian manufacturing
Ford will end its Australian manufacturing operations in three years, resulting in 1200 job losses at its two Victorian plants.The carmaker's plants at Broadmeadows in Melbourne's north and Geelong, west of Melbourne, will close their doors in October 2016, resulting in the loss of 650 and 510 jobs respectively.Ford Australia president and CEO Bob Graziano says the cost of ...
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Companies Pile On the Perks as Well as Salaries
Former IBM CEO Samuel Palmisano was guaranteed an administrative assistant and furnished office for life as a retirement gift — plus a $1 million office renovation. Chipmaker Advanced Micro Devices bought the house CEO Rory Read struggled to sell for $790,000 — and gave him another $180,000 to cover his underwater mortgage. These are not uncommon extravagances in the exclusive world ...
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Calls mount for Toronto Mayor Rob Ford to address drug allegations
With crack cocaine allegations involving Toronto Mayor Rob Ford swirling into a sixth day, and the city becoming fodder for late-night talk shows, the mayor's brother took to the microphone to try to quell the continuing scandal - but councillors and public relations experts said the damage control attempt was unlikely to ...
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Carbon tax a factor in Ford exit Lib MP
Ford Australia boss Robert Graziano has announced the company will cease manufacturing in Australia by October 2016 with the loss of 1,200 ...
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Ford closure a manufacturing watershed Ai
Ford Australia boss Robert Graziano has announced the company will cease manufacturing in Australia by October 2016 with the loss of 1,200 ...
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Ford made mistakes says Brumby
Ford Australia boss Robert Graziano has announced the company will cease manufacturing in Australia by October 2016 with the loss of 1,200 ...
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Ford to end auto production in Australia in 2016
Rain falls on a car at a Ford dealership in Sydney on Thursday, May 23, 2013. Ford Motor Co. said it was closing its two Australian auto plants and ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. (AP Photo/Rick ...
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Black day for car industry Abbott
Opposition Leader Tony Abbott says Ford's decision to stop making cars in Australia is a black day for Australian manufacturing.Everyone associated with government must help the sector, he said.Ford Australia president and CEO Bob Graziano said on Thursday the company made a loss of $600 million over the past five years and would close its Australian manufacturing business by October 2016, ...
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Survey shows China manufacturing contracting
HSBC economist Hongbin Qu in a statement, "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds." He said that showed a possible "downside risk to China's fragile growth recovery" while signs of weakness in the labor market "call for more policy support" from the ...
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Ford confirms Australian plant closures
stop all automotive manufacturing in Australia by October 2016 . As a result, 1,200 workers will lose their jobs. The job losses will be from the company’s Broadmeadows car factory and its Geelong engine plant. In a media conference, Ford Australia President and CEO Bob Graziano said that the company had lost $600 million over the last five years, including $141 million after tax in ...
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Geely Automobile Research Institution welcomes new leadership
Zhejiang Geely Holding Group appointed Feng Qingfeng as the President and and Mats Fgerhag as Executive Deputy President of Geely Automobile Research Institution respectively in Hangzhou, China on April 24. First joining Geely in 1999, Feng once served as the General Manager of the Group's sales company, Deputy General Manager of Ningbo manufacturing base, Deputy President of Geely ...
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Cheruiyot misses world championships for pregnancy
Kenya's Vivian Cheruiyot will not be able to defend her 5,000 meters and 10,000 meters titles at this year's Moscow world championships as she is expecting her first child. The runner said in a statement on Wednesday that she felt it was "the right time to start a family" at the age of 29. Cheruiyot planned to return for the 2014 season and compete in the 2015 World ...
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Japan needs more companies that cherish their female workers
Japanese Prime Minister Shinzo Abe has trumpeted women's active involvement in the workforce as a pillar of the government's growth strategy. He aims to better utilise women's abilities to invigorate the nation's economy. Abe specifically asked for cooperation from the Japan Business Federation (Keidanren) and other organisations in urging all listed companies to appoint at ...
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Ford closure domestic car manufacturing a shrinking industry
Australia Ford's announcement today has been a long time coming. The Australian car manufacturing sector has been under pressure for at least 20 years. Soaring production costs and a high Australian dollar have ultimately made it cheaper for most Australian consumers to buy foreign-made cars. Analysts say 85 per cent of cars sold here are imported, and that number is expected to rise to ...
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Desi link to global cyber offensive
A Norwegian cyber security firm has alleged that a sophisticated cyber attack infrastructure appears to originate from India, conducted by private actors with no evidence of ...
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Ford who remains silent on crack allegations is let go from football coaching job
Jay Leno has a word of advice for people who want a good laugh: Get off your butts and go to a show. ';I don’t do videos or HBO stuff,'; Leno said Wednesday over the phone from Los ...
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HP earnings revenues go south
(48 mins ago) Hewlett-Packard said quarter profit was hit by a dramatic slump in sales of personal computers, while maintaining that its reorganization is making progress. The troubled but biggest maker of personal computers said net profit in the second fiscal quarter fell 32 percent from a year ago to US$1.1 billion. The earnings amounted to 87 US cents a share after adjustments, better ...
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U.S. industry touts drone promise as public debate flares
An X-47B pilot-less drone combat aircraft is launched for the first time off an aircraft carrier, the USS George H. W. Bush, in the Atlantic Ocean off the coast of Virginia, May 14, ...
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Economic Report China manufacturing swings to contraction HSBC
LOS ANGELES (MarketWatch) -- China's manufacturing activity has swung to contraction in May after months of slowing growth, according to preliminary data released Thursday from HSBC, with the results slamming ...
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Ford Australia to stop making cars
Ford is closing its two Australian auto plants and ending production of cars including the Falcon in 2016 amid soaring manufacturing costs and plummeting sales. The closure of the automaker's plants in the state of Victoria will mean the loss of 1,200 direct jobs, as well as affecting industries that supply parts and support, and will leave Ford as an import-only brand in Australia. Ford ...
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Murrysville diver Pickens springs into spot on U.S. team for World Championships
Samantha Pickens competes in the World Championship trials in diving on May 19, 2013, in Tallahassee, Fla. Pickens, a Murrysville native and Franklin Regional graduate, qualified for the 2013 World Championships in Barcelona in the 1-meter dive and 3-meter synchronized ...
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Bundesliga chief slams Qatar World Cup scheduling
Bundesliga chief executive Christian Seifert has slammed FIFA's decision to host World Cup 2022 in Qatar during the country's summer.Traditionally, the quadrennial showcase tournament is held during June and July.However, numerous senior football figures have called for FIFA to break with that tradition due to predicted extremely high temperatures in the country during those months.And ...
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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