News archive from 13 May 2013

Foxconn's Apple pie under threat

Workers are seen inside a Foxconn factory in Longhua, China in 2010. Photo: Bobby Yip Hon Hai Precision Industry, the world's largest electronics contract manufacturer, faces growing competition from cross-town rival Pegatron Corp, a company that is...

TheAge, 09:03 in Business
 
Foxconn's Apple pie under threat

Foxconn's Apple pie under threat

Hon Hai Precision Industry, the world's largest electronics contract manufacturer, faces growing competition from cross-town rival Pegatron Corp, a company that is just a quarter of its size by revenue. Hon Hai, better known by its trading name...

 
Concerns consumer and business confidence set to fall

Concerns consumer and business confidence set to fall

RISING debt levels and the axing of government handouts are tipped to send consumer and business confidence into reverse and erase the benefits from the recent interest rate cut. Economists warned Australia's AAA credit rating will come under under...

 
Plea to Reserve: force dollar down

Plea to Reserve: force dollar down

AUSTRALIA'S central bankers should do "everything in their power" to force the dollar down, Melbourne-based Orica chief Ian Smith said. Orica, the world's largest maker of industrial explosives, said it was hard for manufacturers to compete...

 

Dulux profit hit by takeover costs

Paint maker DuluxGroup's first half profit has dropped 31 per cent because of costs associated with the takeover of building products and garage door supplier Alesco. DuluxGroup made a net profit of $32.9 million in the six months to March 31, down...

TheAge, 09:13 in Business
 

Dulux profit hit by takeover costs

Paint maker DuluxGroup's first half profit has dropped 31 per cent because of costs associated with the takeover of building products and garage door supplier Alesco. DuluxGroup made a net profit of $32.9 million in the six months to March 31, down...

 

Foxconn's Apple pie under threat

Workers are seen inside a Foxconn factory in Longhua, China in 2010. Photo: Bobby Yip Hon Hai Precision Industry, the world's largest electronics contract manufacturer, faces growing competition from cross-town rival Pegatron Corp, a company that is...

 

Dulux profit hit by takeover costs

Paint maker DuluxGroup's first half profit has dropped 31 per cent because of costs associated with the takeover of building products and garage door supplier Alesco. DuluxGroup made a net profit of $32.9 million in the six months to March 31, down...

 

Investors cautious before Budget

CAUTIOUS investors worried about surprises in tomorrow's Federal Budget are expected to rein in any boost offered by record highs on overseas markets. Futures markets were tipping Australian shares would have a tepid start, despite robust growth in US...

 

Profit fall for Incitec Pivot

EXPLOSIVES and fertiliser maker Incitec Pivot's first half profit has dropped 23 per cent with its fertiliser operations hit by the high Australian dollar. Incitec Pivot made a net profit of $110.3 million in the six months to March 31, down from...

 
Invitec Pivot profit slumps

Invitec Pivot profit slumps

Explosives and fertiliser maker Incitec Pivot has blamed the high Australian dollar for a 23 per cent drop in its first half profits. Incitec Pivot made a net profit of $110.3 million in the six months to March 31, down from $139.8 million in the same...

 

Invitec Pivot profit slumps

Mining with explosives. Photo: Erin Jonasson Explosives and fertiliser maker Incitec Pivot has blamed the high Australian dollar for a 23 per cent drop in its first half profits. Incitec Pivot made a net profit of $110.3 million in the six months to...

 

Invitec Pivot profit slumps

Mining with explosives. Photo: Erin Jonasson Explosives and fertiliser maker Incitec Pivot has blamed the high Australian dollar for a 23 per cent drop in its first half profits. Incitec Pivot made a net profit of $110.3 million in the six months to...

TheAge, 09:46 in Business
 

Markets Live: Dollar down, ASX eyes slow start

9:54am: In more local corporate news, explosives and fertiliser maker Incitec Pivot's first half profit has dropped 23 per cent with its fertiliser operations hit by the high Australian dollar. Incitec Pivot made a net profit of $110.3 million in the...

 

Markets Live: Dollar down, ASX eyes slow start

9:48am: In economics news today, we get ABS housing finance for March and the National Australia Bank monthly business survey for April. Both those arrive at 11.30am. In a note earlier today, ANZ analysts wrote: ... [W]e expect [the NAB survey] to...

TheAge, 09:57 in Business
 
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