Business

Thursday, May 23rd, 2013

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Aussie dollar still falling

The Australian dollar keeps falling and Uncle Sam is completely to blame.

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Bernanke warns on austerity

US Fed chairman warns that tightening monetary policy now could stall the US recovery.

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Navitas CEO cashes out

Rod Jones takes advantage of company's record share price run by pulling $50m out of the market.

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Creasy to visit Nova find

Australia's richest prospector to make rare site visit to Nova and Bollinger nickel finds.

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Ford to end Aussie production

Car maker to cease manufacturing in Australia by Oct 2016 costing 1200 jobs. 07:12 am

Related:: PM pledges support; End of road for Falcon

Telstra jobs on the line

Telstra is not saying how many jobs may be lost as part of a major restructure. 10:16 am

James Hardie's profit slumps

Building products company's profit slumps on asbestos liabilities and impact of legal battles… 08:43 am

WA taxed to carry a nation

$15b more in taxes exits WA each year than flows back in Federal spending. 02:40 am

Related:: End of boom 'to hit hard'

Market sharply lower mid-session

Australian stocks are sharply lower mid-session amid broad-based selling. 10:38 am

WA Business

Dairy recycling saves water

A South West business has been recognised for almost halving its water usage by making some simple changes to its operations. May 23, 2013, 10:06 am

Thinksmart reiterates profit guidance 1 hour, 1 minutes ago
Port Bouvard appoints new CEO 1 hour, 37 minutes ago
Bunbury a model port: Buswell May 23, 2013, 10:01 am
Creasy to visit Sirius' Nova May 23, 2013, 8:21 am

National

Ford to cease Australian manufacturing

Car maker Ford will end its Australian manufacturing operations by 2016, with 1200 jobs to be lost at its Broadmeadows and Geelong plants. 1 hour, 57 minutes ago

Thinksmart reiterates profit guidance 1 hour, 1 minutes ago
Port Bouvard appoints new CEO 1 hour, 37 minutes ago
$A lower after China data, Fed comments May 23, 2013, 10:54 am
Market sharply lower mid-session May 23, 2013, 10:38 am

World

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… 22 minutes ago

Japan's SoftBank to give US govt Sprint board choice: WSJ 1 hour, 27 minutes ago
China eases forex rules in special economic zones May 23, 2013, 10:18 am
China HSBC flash PMI hits seven-month low, fans growth fears May 23, 2013, 10:10 am
IRS unit head refuses to testify about targeting May 23, 2013, 10:08 am

Technology

Lenovo's fourth-quarter net profit nearly doubles on Chinese PC, phone demand

HONG KONG (Reuters) - China's Lenovo Group Ltd posted a 90 percent rise in its quarterly net profit, its fastest pace in seven quarters, as a result of strong… 26 minutes ago