Gillard to convene summit on car industry

Gillard to convene summit on car industry

AAP Prime Minister Julia Gillard has agreed to a summit on the future of car making, as she resists pressure from unions and Labor MPs to raise tariffs after Ford's decision to stop manufacturing in Australia. ...

Australian Markets

  • Aust stocks close lower AAP - 6 hours ago

    Australian stocks have closed weaker as declines among the major miners dragged the broader market lower and snapped a two-day rally.

  • Stocks to watch at close on Friday AAP - 7 hours ago

    Stocks to watch on the Australian stock exchange at close on Friday: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down two cents at $1.08 Australia's largest beef cattle producer has blamed the suspension ...

  • Australian shares slide for second day ABC - 8 hours ago

    Australian shares recorded their worst weekly performance this year, with a second straight day of heavy falls. After very brief early gains, the market has been in a downward drift all day, leaving the ...

  • MEC Resources Limited (ASX:MMR) Advent Energy - Bonaparte Basin Airborne Survey ABN Newswire - 10 hours ago

    Sydney, Australia, May 24, 2013 - (ABN Newswire) - MEC Resources Limited (ASX:MMR) is pleased to advise that the previously announced (29 January 2013) airborne geophysical survey in the onshore Bonaparte ...

  • Rum Jungle Resources Limited (ASX:RUM) Increases and Improves its Offer for Central Australian Phosphate … ABN Newswire - 10 hours ago

    Perth, Australia, May 24, 2013 - (ABN Newswire) - Rum Jungle Resources Limited (ASX:RUM) is pleased to announce that it is increasing its Offer for Central Australian Phosphate Limited (ASX:CEN) to 1 cent ...

  • Eurozone sees bank union progress by June AFP - 11 hours ago
    Eurozone sees bank union progress by June

    Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told ...

  • Aust stocks lower at noon AAP - 11 hours ago

    The Australian stock market is weaker, with all bar the gold sector trading lower on a day of broad-based selling. The big four retail banks are all down more than one per cent, while major miners such ...

  • Buccaneer Energy Limited (ASX:BCC) Notice of Meeting ABN Newswire - 11 hours ago

    Sydney, Australia, May 24, 2013 - (ABN Newswire) - Buccaneer Energy Limited (ASX:BCC) (OTCMKTS:BCGYF) advises that it has scheduled a shareholders' meeting on 2 July 2013 to consider resolutions pursuant ...

  • India's Jet Airways shareholders approve Etihad deal AFP - 11 hours ago
    India's Jet Airways shareholders approve Etihad deal

    Shareholders of India's Jet Airways on Friday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in the private carrier, media reports said. Jet shareholders approved ...

  • Stocks to watch at noon on Friday AAP - 11 hours ago

    Stocks to watch on the Australian stock exchange at noon on Friday.

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  • $A rallies as commodites, stocks rise AAP - Fri, Apr 26, 2013 12:46 PM AEST

    The Australian dollar has risen to its highest point in a week as commodity prices and share markets rally. At 1200 AEST on Friday, the local unit was trading at 103.30 US cents, up from 102.46 cents on ...

  • Bank of Japan boosts economy, inflation view AFP - Fri, Apr 26, 2013 9:19 AM AEST
    Bank of Japan boosts economy, inflation view

    The Bank of Japan on Friday boosted its inflation and economic growth projections for the world's third-largest economy as it eyes an end to years of deflation. The semi-annual report, which came as the ...

  • Euro Stagnation Continues Despite the Equities Rally DailyFX - Wed, Apr 24, 2013 8:04 PM AEST

    Euro Stagnation Continues Despite the Equities Rally

  • Sheila Bair QandA: Protect borrowers and banks Bankrate.com - Wed, Apr 24, 2013 5:00 PM AEST

    Sheila Bair speaking before the National Press Club in 2011. Highlights of Bair's career 1981-1988: Research director, deputy counsel and counsel for U.S. Sen. Robert Dole, R-Kan. 1991-1995: Commissioner, ...

  • Reserve Bank to buy Chinese bonds for reserves ABC - Wed, Apr 24, 2013 4:45 PM AEST

    Australia's central bank is gearing up to invest a slice of its foreign currency reserves in Chinese government bonds. Speaking in Shanghai, RBA deputy Governor Philip Lowe said the bank has sought and ...

  • RBA to invest in Chinese yuan AAP - Wed, Apr 24, 2013 4:25 PM AEST

    The Reserve Bank of Australia plans to spend up to $2 billion on Chinese yuan as the currency gains increasing importance in financial markets. RBA deputy governor Dr Philip Lowe on Wednesday said the ...

  • QE won't lock in an inflationary surge AAP - Wed, Apr 24, 2013 12:28 PM AEST

    The only thing standing between "quantitative easing" of monetary policy in the developed economies and a surge in inflation is a bunch of bankers. Do a quick trawl around the internet and you'll ...

  • Aust bonds weaken as stocks rally AAP - Wed, Apr 24, 2013 9:27 AM AEST

    Australian bond futures prices are lower after most stock markets gained ground during the offshore session. "It's just following overseas movements. Stocks market overseas had a very good night and ...

  • $A bounces back from six-week low AAP - Wed, Apr 24, 2013 7:40 AM AEST

    The Australian dollar is higher after traders went bargain hunting when the currency fell to a six-week low. At 0700 AEST on Wednesday, the local unit was trading at 102.67 US cents, up from 102.33 cents ...

  • 2 Primary Pairs Teetering at Critical Levels DailyFX - Wed, Apr 24, 2013 1:47 AM AEST

    2 Primary Pairs Teetering at Critical Levels

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Company Finances

  • Gillard resists call for car tariff rise AAP - 8 hours ago

    Prime Minister Julia Gillard is resisting pressure from unions and Labor MPs to raise tariffs or significantly boost industry assistance after Ford's decision to stop making cars in Australia. Ford says ...

  • Local production costs high: Holden boss AAP - 13 hours ago
    Local production costs high: Holden boss

    The cost of making cars in Australia is high and the loss of manufacturing by Ford should focus attention on the industry, says Holden boss Mike Devereux. GM Holden's chairman and managing director said ...

  • PM Julia Gillard rejects calls to raise import tariffs as car industry struggles for survival after Ford … ABC - 15 hours ago

    Prime Minister Julia Gillard has stared down backbench calls for an increase in tariffs on imported cars in the wake of Ford's . Labor backbenchers Darren Cheeseman, Nick Champion and Doug Cameron say ...

  • Nine parties interested in troubled Trims ABC - 16 hours ago
    Nine parties interested in troubled Trims

    Management of Adelaide clothing retailer Trims said some high-profile buyers had shown interest in the troubled business. Run by the Trim family for more than 75 years, the retailer went into voluntary ...

  • Yahoo! buys startup specializing in online games AFP - Thu, May 23, 2013 5:49 PM AEST
    Yahoo! buys startup specializing in online games

    Yahoo! pressed on with its shopping spree on Thursday with the acquisition of a startup that powers games played on smartphones, tablets, consoles or personal computers. Word that Yahoo! has bought Northern ...

  • Nissan says to recall 841,000 cars over steering glitch AFP - Thu, May 23, 2013 4:22 PM AEST
    Nissan says to recall 841,000 cars over steering glitch

    Japan's number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel problem. The recall will cover the Micra, known as the March in some markets, ...

  • Samsung sells more than 10 mn Galaxy S4 smartphones AFP - Thu, May 23, 2013 4:20 PM AEST
    Samsung sells more than 10 mn Galaxy S4 smartphones

    South Korea's Samsung Electronics said Thursday its latest flagship Galaxy S4 had become its fastest selling smartphone to date, topping 10 million units globally less than a month after its debut. A company ...

  • Nick Cave to sing Barossa's praises ABC - Thu, May 23, 2013 12:38 PM AEST
    Nick Cave to sing Barossa's praises

    A $6 million tourism campaign has been launched to promote the Barossa Valley as the nation's top food and wine destination. The advertisement features a soundtrack by Australian singer Nick Cave and will ...

  • Nissan to recall 841,000 cars over steering glitch AFP - Thu, May 23, 2013 9:16 AM AEST
    Nissan to recall 841,000 cars over steering glitch

    Japan's number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel glitch. The recall will cover the Micra, known as the March in some markets, ...

  • Cars made in Brazil are deadly AAP - Thu, May 23, 2013 9:02 AM AEST

    The cars roll endlessly off the local assembly lines of the industry's biggest automakers, more than 10,000 a day, into the eager hands of Brazil's new middle class. The shiny new Fords, Fiats, and Chevrolets ...

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