Trade is a key driver of jobs, innovation and long-term prosperity for Australia. Increasing trade and investment is absolutely crucial to unlocking Australia’s future economic growth.
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Bellamy’s looks globally as formula sales boom
Organic milk formula company Bellamy’s Australia is seeing massive revenue growth and is on its way to become a global business.
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Tasmanian Alkaloids to be sold to private equity firm
Johnson & Johnson’s Tasmanian Alkaloids poppy processing business will be sold to private equity firm SK Capital Partners.
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European investigations of Volkswagen staff expand
European investigations of Volkswagen staff expand
German prosecutors have expanded their probe into Volkswagen over the company’s “dieselgate” scandal.
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Vocus backs the ideas boom
Vocus Upstart, one of Australia’s most generous startup accelerators, has today launched its 2016 program.
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CSR announces share buyback
Construction products company CSR has announced a share buyback, beginning March 21 and worth about a tenth of its market capitalisation.
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Nufarm earnings forecast looking up
Agricultural chemicals maker Nufarm has upgraded its half-year earnings forecast before interest and tax, predicted to be 8 to 13 per cent above the period last year.
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Aggressive cost-cutting to continue as Bluescope profit more than doubles
Bluescope Steel’s half-year profit has more than doubled to $200.1 million, with CEO Paul O’Malley saying the company’s “relentless” cost-cutting will continue in the second half.
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Cut both spending and company tax levels: Australian Industry Group
The Australian Industry Group has advised reductions to both government spending and company tax levels in its submission for the May federal budget.
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Pacific Brands returns to profitability
Pacific Brands has returned to profit after seven years of restructuring, posting a $24.3 million half-year net profit.
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CSL achieves record $1 billion net profit
CSL has announced a half-year profit increase of 3.8 per cent as the world’s second-largest vaccines maker celebrates its 100th birthday.
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Sydney simulator start-up readies for takeoff
SynFlyt is preparing to take its product to regulator CASA for approval this month. Brent Balinski spoke to founder Ross Maclennan about his flight simulator start-up.
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Refineries and printing to decline sharply this year
Though Australian manufacturing is currently in a period of expansion, two segments of the industry are predicted to continue their decline.
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Dollar back under US 69 cents ahead of China GDP figures
The Australian dollar has weakened ahead of the release of economic data from China.
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Alcoa revenue fall has no effect on WA alumina plants
Alcoa and Alumina’s joint venture AWAC alumina refineries in Western Australia will continue to operate at current production levels despite the revenue fall reported by Alcoa.
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Capital investment up, overall outlook “muted”: report
Dun and Bradstreet’s Business Expectations Survey has reflected a “generally muted” outlook for the year, though a continuing trend of increased capital investment.
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Amcor expands US flexibles presence, acquires Deluxe Packages for $US 45 million
Packaging company Amcor has acquired the Californian company Deluxe Packages for $US 45 million ($61.7 million), expanding the firm’s new Flexibles Americas group.
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Caltex on track for record year
Earnings guidance given today by Caltex predicts the refiner and distributor will achieve a full-year net profit of between $615 million and $635 million.
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Dow and DuPont agree to $US 130 billion mega-merger
Dow Chemical and DuPont have agreed to a merger, with the combined entity then splitting into three companies in the next 18 to 24 months.
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