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A key private measure of the Chinese manufacturing industry has posted its worst reading in four months, causing the Australian dollar to dip by around a third of a cent. HSBC’s Flash China Manufacturing PMI, which is an advance estimate … Continue reading
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Official figures show Australians are taking out home loans at the slowest annual pace recorded, indicating the property downturn may be far from over. Figures from the Reserve Bank show total lending to the private sector grew 0.4 per cent … Continue reading
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Mining company Rio Tinto has announced the sudden resignation of its chief executive Tom Albanese. The company says Mr Albanese is stepping down after Rio made a $3 billion writedown on its coal division in Mozambique and a writedown of … Continue reading
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China’s economic recovery appears to be easily beating economist expectations, with a surge in exports and imports. Chinese exports jumped 14.1 per cent in December compared to a year earlier, while the nation imported 6 per cent more than in … Continue reading
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After bitter New Year brinksmanship, the US Congress finally backed a deal to avert a fiscal cliff of tax hikes and massive spending cuts that had threatened to unleash economic calamity. The House of Representatives late Tuesday passed a deal … Continue reading
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Billabong shares have been placed in a trading halt, pending an announcement about a potential takeover. The surfwear company’s shares had risen around 5 per cent in morning trade to 98 cents before being halted on a report in the … Continue reading
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Official figures show retail sales were flat in October after two months of growth, despite the Reserve Bank cutting interest rates that month. The Bureau of Statistics numbers show turnover was steady at $21.6 billion in October on a seasonally … Continue reading
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Rio Tinto has warned it may cut more jobs from some of its Australian mining operations, as it seeks to rein in “unsustainable” cost increases. In an investor update, the mining giant also says it expects growth in China’s steel … Continue reading
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A court has ordered that one of Nathan Tinkler’s companies, Mulsanne Resources, be wound up to pay creditors. Blackwood Corporation has been chasing money from Mulsanne after it failed to comply with a share purchase agreement, home loans indooroopilly. Mulsanne … Continue reading
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A court has ordered that one of Nathan Tinkler’s companies, Mulsanne Resources, be wound up to pay creditors. Blackwood Corporation has been chasing money from Mulsanne after it failed to comply with a share purchase agreement. Mulsanne owed Blackwood more … Continue reading