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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Ford signs death notice for Falcon
The iconic Ford Falcon will soon be extinct, after more than 50 years in Australia.Ford Australia president and CEO Bob Graziano says the company will cease manufacturing operations in Australia by October 2016.He said the next Falcon, set for release in 2014, would be the last."The Falcon name is inextricably linked to Australia and to being produced here," Mr Graziano told reporters ...
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Ford to cease local manufacturing by 2016
Ford will cease its manufacturing operations in Australia by October 2016 with the loss of 1200 jobs.Ford Australia President and CEO Bob Graziano said the company made a loss of $141 million after tax in the last financial year, with a loss of $600 million over the last five years.Ford Australia employs more than 3500 people at its manufacturing plants at Broadmeadows, in Melbourne's ...
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Targets Profits Drop in Cold Spring Still-Tepid Economy
NEW YORK | Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for ...
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Ford closes Australian plants
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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Aust govt will help Ford workers PM
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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Long Wait for a Green Card Could Be Ending
"I know this country better than my own country, and I still feel like an outsider," said Mr. Sant, 35, who received his Ph.D. from the University of Texas in 2006, and has been waiting for federal officials to approve his green card application for six years. "That's the thing that bothers ...
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DealBook After a Vote Dimon Moves to Mend Bank’s Fences
JPMorgan Chase 's robust profits and soaring stock price could not: it helps the nation's largest bank and its chief executive move beyond a multibillion-dollar trading loss that has dogged the bank for more than a year. At JPMorgan's annual meeting in Florida on Tuesday, some 70 percent of the shares voted to keep Mr. Dimon as both chairman and chief executive. It was the ...
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AMWU shocked by Ford decision
The AMWU has said it was taken by surprise by this morning’s announcement that Ford would end its manufacturing operations in Australia in October 2016. Leigh Diehm, the union’s Victorian assistant ...
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Ford Accelerates Australian Business Transformation
Ford Motor Company is transforming its business operations in Australia to provide customers with even more new products, and improved sales and service, while creating a more efficient and profitable business ...
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Triple blow for economy underlines IMF fears for recovery
The UK's tentative steps towards economic recovery were shaken yesterday by the worst slide in retail sales for a year, sluggish progress on cutting the deficit and a stagnant quarter for the nation's ...
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James Moore While RBS and Lloyds are just capital speculation starts about the small fry
Is that the conclusion we are supposed to draw from yesterday's unscheduled "we're all OK, honest" announcements from Lloyds and Royal Bank of Scotland? It's rosy in their (capital) gardens, they say, which will grow through a "strongly capital-generative core business" plus a few more disposals (Lloyds) and "delivery against against its business ...
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QA Microsoft Games boss on Xbox One lineup Spielbergs Halo and more
Microsoft’s unveiling of the Xbox One console on Tuesday mostly showed off the system’s entertainment capabilities. The next big Xbox event, on June 10 in Los Angeles, will be mostly about games. For a preview I buttonholed Phil Spencer, vice president of Microsoft Game Studios,on ...
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Thai police say they know identities of Central World arson suspects
Police are gathering evidence in support of arrest warrants for two suspected arsonists and six alleged accomplices in relation to the Central World Mall fire during the 2010 riots. Following a meeting yesterday to discuss the progress of the Central World arson probe, Metropolitan Police chief Khamronwit Thoopkrajang said investigators had identified two suspected arsonists from photographs ...
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Police Minister Kim Wells condemns construction industry standover tactics
Melbourne 3000 Victoria's Police Minister says he will look at changing laws to stop debt collection standover tactics in the construction industry.The move comes after reports three Comanchero bikies threatened a member of the Master Builders Association.It is alleged the men barged into the Melbourne home of the vice president of the association to recover a disputed debt with a ...
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QRC defends wording of mining support survey
Gladstone 4680 The Queensland Resources Council (QRC) has defended questions in a survey that shows almost universal support for the sector.The poll, conducted by the Liberal Party-aligned firm Crosby-Textor, shows 82 per cent of Queenslanders support the mining sector.However, one question was preceded by a statement about Queensland's "high quality" and "widely ...
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Ford closure Timeline of the car-makers history in Australia
Geelong 3220 Following the announcement that Ford will be shutting its Broadmeadows and Geelong plants in 2016, we look back over the car maker's production ...
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Ford Australia to close Broadmeadows and Geelong plants 1200 jobs to go
Australia Ford Australia says it will close its Australian manufacturing plants in October 2016, with the loss of hundreds of jobs.Ford president Bob Graziano said approximately 1,200 workers would lose their jobs when the Broadmeadows and Geelong plants were shut down.He made the announcement in Melbourne this morning after announcing that the company had lost $141 million over the last ...
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Xbox One Has Microsoft lost the name game in the console war
On Tuesday, before a roomful of panting games journalists and sore-thumbed enthusiasts, Microsoft unveiled its latest games console. The curtain was pulled, and the Xbox One was revealed. As gamers ruminated on the implications of the 'box (not hardcore enough? Better than the forthcoming PlayStation 4?), some of us were left ...
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Hewlett-Packards slump continues as revenue drops 10
Hewlett-Packard Chief Executive Meg Whitman has repeatedly warned that HP's revenue might not start growing at an acceptable rate for another year or ...
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Global industry leaders meet with politicians at IMEX Forum
FRANKFURT, Germany - A networking breakfast facilitated by the Hon. Nick de Bois, Member of Parliament and Chair of the All Party Parliamentary Group for UK Events, signaled the official start of the IMEX Politicians Forum in Frankfurt yesterday. Now in its 11th year, the Forum is organized annually by IMEX with the aim of providing an opportunity for leaders of the global meetings, incentive ...
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41 companies will compete in PBN’s Social Madness challenge
More than 40 Hawaii businesses -- 41 to be exact -- are cleared for takeoff next month when the local rounds of PBN's Social Madness challenge get under way. Nominations closed last week, and the 41 companies approved for Social Madness will be hearing this week from PBN's parent company, American City Business Journals, about which of three categories they fall into. Last year, if ...
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HP earnings fall 31 percent but surpass expectations
Hewlett Packard CEO Meg Whitman Hewlett-Packard Co. reported second quarter earnings Wednesday, showing earnings per share of $0.55 or $1.1 billion, a 31 percent decline in earnings from a year ago. Adjusted earnings came in at $0.87 a share or $1.7 billion, exceeding analyst expectations of $0.81 a share. Net revenue fell 10 percent to $27.6 billion, and cash flow came in at $3.6 billion, a 44 ...
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Ford to stop manufacturing here by 2016
Ford will cease its manufacturing operations in Australia by October 2016 with the loss of 1200 jobs.Ford Australia President and CEO Bob Graziano said the company made a loss of $141 million after tax in the last financial year, with a loss of $600 million over the last five years.Ford Australia employs more than 3500 people at its manufacturing plants at Broadmeadows, in Melbourne's ...
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Export mining expertise Austrade
One of Australia's most senior trade officials says he is confident the mining services sector can overcome a sharp drop in local orders by selling its expertise to overseas resources hotspots.Austrade chief executive Bruce Gosper made the comments on a flying trip to Perth yesterday - his first since he took the top job at the key government-backed export promotion agency in February.Mr ...
Kazakhstan Focus
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Kazakhstan capital's next challenge
Astana, the capital of Kazakhstan, has experienced rapid growth in recent years and has seen the completion of some impressive architectural feats, now there are plans by the government to build a huge indoor city within the capital, providing the country with a modern feat of engineering and a tourist attraction of which to be proud.
Astana and Dubai, despite vast differences, have a few things in common as cities. Dubai is not the capital of the United Arab Emirates, while Astana is the capital of Kazakhstan, Astana is one of the coldest capitals in the world while Dubai is in one of the hottest regions on the planet. But Astana, like Dubai, has experienced rapid development in recent years, due in large part to the relocation of the capital to the city, and like Dubai, it has had to make sometimes impressive adaptations to architecture and development in order to compensate for the climate. Read more
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