Latest International Business News
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Australian construction industry to see slow recovery
The Australian building and construction industry will see a mixed recovery over 2015-16 after a number of challenging years, according to Master Builders Australia (MBA) forecasts released Monday. While the forecasts predict a positive growth for the industry, MBA reports that the current economic climate is creating headwinds that may impede the timing and strength of recovery. There's light ...
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Global warming likely to be slower than earlier predicted
Scientists have said that the recent downturn in the rate of global warming will lead to lower temperature rises in the short-term. Since 1998, there has been an unexplained "standstill" in the heating of the Earth's atmosphere. Dr Alexander Otto from the University of Oxford and colleagues said that this will reduce predicted warming in the coming decades. But long-term, the expected ...
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Mexico aims to boost trade with Brazil
Mexican Foreign Relations Secretary Jose Antonio Meade visited his Brazilian counterpart, Antonio Patriota, with whom he agreed to promote a series of business meetings to boost bilateral trade. Meade told a press conference that, on the topic of trade, "right now that is Mexico's goal", but that at present there is no intention to negotiate free-trade agreements with Brazil. "There's a mutual ...
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Rates to aid economy transition Treasury
The resources sector's contribution to economic growth will fall because increased production won't be enough to offset the decline in mining investment, Treasury Secretary Martin Parkinson warns.Dr Parkinson says the economy faces two major transitions over the next few years, which while supported by lower interest rates, will be challenged by continued weakness in the global economy ...
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Protech Khuthele Share earnings revenue climb
Protech Khuthele, the listed civil engineering group, yesterday reported a turnaround in its financial performance and a return to profitability in the year to February. Earnings a share improved to 4.4c from the 3.1c a share loss in the previous year. Group revenue rose 6 percent to R1.03 billion. Operating profit before interest improved to R46 million from the R3.8m loss in the previous year ...
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Barloworld sells Belgian business
Barloworld has sold its Belgium handling business for e7.5 million (R88.9m) and is considering ';strategic options'; for its handling business in the ...
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Mergers await SA platinum industry
THE embattled platinum industry may see a spurt of takeover and merger approaches soon as investors turn up the heat on the bosses to devise other ways to ride out the current ...
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S. Koreas corporate bankruptcies rebound from record low
South Korea's corporate bankruptcies rebounded last month from a record low due to a reduction in policy fund offer, central bank data showed Tuesday.The number of companies that went belly-up jumped to 89 in April from a record low of 69 in March, according to the Bank of Korea. The March reading was the lowest since the bank began compiling the data in January 1990.The rebound came as the ...
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Global large-size panel shipments exceed 65 million units in April 2013 says WitsView
Additionally, monitor panel shipments dropped 3% on month in April to a total of 13.88 million units. Shipments for notebook panels sized 10.1-inch and above saw shipments of 14.08 million units, declining 11% on month. As for tablet panels, shipments attained a total of 17.85 million, a drop of 1% on month despite adjustments made in Apple's inventory, said ...
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Portuguese firms to tap into Indonesias business potentials
Following in the steps of its European neighbors, dozens of Portuguese firms are visiting Indonesia to seek business partnerships and explore untapped local business opportunities. The delegation, touted to be the biggest Portuguese business mission to the country, highlighted its new interest in Indonesia, predicted to be among the world's 10th biggest economies within the next decade, ...
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Dubai named worlds second biggest retail destination
The real estate services firm's report found that London retained its crown as the planet's leading retail city, with Paris, Moscow and New York filling out the top ...
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Gaza’s Assaf The Arab World’s New Singing Sensation
with his renditions of love songs and patriotic Palestinian songs. Like ';Song for Palestine, ‘Oh you bird going back home'; (above). It’s easy to understand why Palestinians are going crazy for him. Mohammed Assaf has drawn comparisons to the late ...
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Shell feared disaster days before Alaska rig grounding official
ANCHORAGE, Alaska (Reuters) - Days before a Shell drillship went aground in the storm-tossed Gulf of Alaska, it was clear that towing failures could spell disaster for the vessel, the crew and the marine environment, a company official told a U.S. Coast Guard panel on ...
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Gloom hits services as Australias mining boom peaks
With miners from BHP Billiton Ltd down shelving projects and slashing costs that grew out of control during the boom, they have turned the screws on ...
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Boart lowers earnings expectations
Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration."The downturn in capital and exploration spending in the mining sector globally has clearly reduced the demand for drilling services and products," chief executive Richard O'Brien told Boart Longyear's annual general meeting in Adelaide.He said ...
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Boarts earnings hit by mining downturn
Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration."The downturn in capital and exploration spending in the mining sector globally has clearly reduced the demand for drilling services and products," chief executive Richard O'Brien told Boart Longyear's annual general meeting in Adelaide.He said ...
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Lester Wishnatzki Pioneer in Strawberry Industry Dies at 96
LAKELAND | Lester Wishnatzki, a pioneer of the Florida strawberry industry and benefactor to many Polk County civic groups and people, both financially and with gifts of fresh strawberries, died of natural causes Sunday at age 96 at Lakeland Regional Medical ...
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Video Gawker editor addresses Ford allegations
Gawker editor John Cook explains why the U.S. website is raising money to buy a video at the centre of drug use allegations involving Toronto Mayor Rob ...
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United earnings still on the rise
PARKERSBURG- United Bank had another successful year in 2012 as it continued to increase earnings to shareholders, the chairman and CEO told shareholders Monday. United Bankshares Inc. officials, at the annual meeting of shareholders Monday at the Blennerhassett Hotel, said the company was able to continue to thrive in the economic conditions brought on by the Great Recession of 2008. "We ...
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FEATURE-In the Hamptons catering to the rich and their dogs is good business
By Beth Pinsker EAST HAMPTON, New York | Tue May 21, 2013 12:59am EDT EAST HAMPTON, New York May 21 (Reuters) - Judging by early demand for everything from doggie daycare to Ferrari rentals and fine art, rich Americans are going to make this a strong summer in one of their favorite playgrounds - the beach towns on the eastern end of Long Island collectively known as the Hamptons. With ...
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City UT exploring cultural center at Worlds Fair Park
Madeline Rogero announced Monday that the city is exploring a new partnership with the University of Tennessee to develop a "center for cultural resources" at World's Fair ...
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World gone cold on global warming
People on Earth learnt the other week that the heat-trapping carbon dioxide in the air they breathe had crossed the 400 parts per million (ppm) mark, which could possibly be a life-changing level. Scientists have warned that a tipping point could be reached at the existing rate of gas increase caused by industry, agriculture and applications of technology, like vehicle use and air travel. ...
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Douglas Todd Ecstatic Christian charismatic movement is powerful in Metro Vancouver around world
"God's movin' in this place. I am undone. I've got tears flowin.' I've got snot comin' out of my nose. God, we can be undignified with you. Knowin' our indignity is all for you."Pastor Rico Galindez is shaking in front of about 500 people who are praying and swaying in the near-dark sanctuary of Cedar Grove Baptist Church in north Surrey.It's ...
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Former Henderson County Business Owner Sentenced to 12 Months for Trafficking in Counterfeit Goods www.privateofficcer.com
--The former owner of Tree Tops business, located in Henderson County, Kentucky, was sentenced to 12 months and one day by Chief Judge Joseph H. McKinley, Jr. today in United States District Court for trafficking in counterfeit goods, announced David J. Hale, United States Attorney for the Western District of ...
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Public Sharply Critical on IRS Benghazi But Economy Cuts Obama Some Slack
May 21, 2013 12:01am Americans in a new ABC News/Washington Post poll sharply reject special scrutiny of conservative groups by the Internal Revenue Service, suspect an administration cover-up of the Benghazi incident and express substantial distrust of the federal government more generally. Yet the national survey also finds no backlash against Barack Obama, at least at this point. His ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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