archive-au.com » AU » B » BUSINESSSPECTATOR.COM.AU

Total: 1320

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Volvo Cars sales up in 2013 | Business Spectator
    become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Volvo Cars sales up in 2013 10 Jan 10 59 AM Industries Automotive Economy China Swedish subsidiary of Chinese carmaker Geely see sales rise on strong China growth You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Volvo Cars the Swedish subsidiary of Chinese carmaker Geely has reported a slight increase in its 2013 sales thanks to a spectacular growth in China The Asian country became Volvo s first market at the end of last year during which the company sold 427 840 cars 1 4 per cent more than in 2012 After six consecutive months of growing sales we can report a great full year performance exceeding last year s results Volvo Cars Marketing Sales and Customer Service executive Alain Visser said on Thursday Our China team has delivered fantastic growth and we will continue to expand our presence there The figures vary sharply from country to country In the United States still Volvo Cars strongest market for the entire 2013 sales were down by 10 per cent compared to 2012 In China the 45 6 per cent growth recorded in 2013 was distorted by an underestimation of sales in 2011 and an overestimation in 2012 detected by Volvo in the beginning of last year Last year Volvo opened its second and third Chinese factories with the support of the China Development Bank In Sweden its third largest market Volvo Cars increased its market share to 20 per cent with sales up by 0 8 per cent The company which intended to return to operating at break even in 2013 after

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/china/volvo-cars-sales-2013 (2014-01-12)
    Open archived version from archive


  • China's Fosun buys Portuguese insurer in privatisation | Business Spectator
    to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu China s Fosun buys Portuguese insurer in privatisation 10 Jan 8 57 AM Industries Insurance Economy China The Chinese conglomerate will acquire an 80 stake in the insurance arm of Portuguese state bank You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Portugal says it has picked Chinese conglomerate Fosun to buy up to 80 per cent of the insurance arm of public bank Caixa Geral de Depositos as part of an EU IMF ordered privatisation drive Fosun will pay one billion euros A1 5 billion for the unit junior minister Manuel Rodrigues said after a cabinet meeting The insurance arm of the Caixa bank consists of several insurance companies which together make up about a third of the Portuguese insurance market Fosun one of China s biggest conglomerates beat out US investment fund Apollo Investment for the deal Fosun was retained because of the better financial conditions and its strategic project that maintained the unity of the group Rodrigues said Fosun also proposed to expand the Portuguese companies in Asia and Africa with a particular focus on China the minister said The Portuguese government has pulled off several privatisations since it signed on to a painful 78 billion euro bailout programme in May 2011 under the auspices of the European Union and International Monetary Fund With this latest divestment the privatisation drive has raised 8 1 billion euros the minister said National airline TAP and the cargo unit of the national railway are the next targets to be spun

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/china/chinas-fosun-buys-portuguese-insurer-privatisation (2014-01-12)
    Open archived version from archive

  • Inflation lifts across OECD | Business Spectator
    their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Inflation lifts across OECD 10 Jan 4 17 AM 1 Economy Global News Rate of price growth in advanced economies climbs to 1 5 per cent You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AFP Annual inflation in advanced countries picked up to 1 5 per cent in November from 1 3 per cent the previous month the OECD says The increase was mainly due to an increase in energy prices but still left consumer price inflation below its 2013 peak of 2 0 per cent recorded in July in the 34 nation Organisation for Economic Cooperation and Development Annual inflation jumped to 1 5 per cent in Japan in November from 1 1 per cent the previous month its highest rate since October 2008 in further evidence that efforts by the government and central bank to break deflation are succeeding In the eurozone where there have been concerns about deflation annual inflation rose to 0 8 per cent in November from 0 7 per cent in October In the United States inflation climbed to 1 2 per cent from 1 0 per cent while it dipped to 2 1 per cent in Britain from 2 2 per cent In major emerging markets in November inflation picked up to 11 5 per cent in India from 11 1 per cent the previous month It rose to 6 5 per cent in Russia from 6 3 per cent and to 8 4 per cent in Indonesia from 8 3 per cent However inflation fell in November in China to 3 0 per cent from 3 2 per cent the previous month and to 5 3 per cent in South Africa from 5 5 per cent Inflation was stable in Brazil in November at 5 8 per cent Print this page Related articles 12 Jan Obama picks Fed vice chair 11 Jan US jobs growth slows sharply 10 Jan The ECB is failing to do whatever it takes

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/global-news/inflation-lifts-across-oecd (2014-01-12)
    Open archived version from archive

  • Fed's Yellen expects 3% growth | Business Spectator
    HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Fed s Yellen expects 3 growth 10 Jan 12 52 AM 1 Economy Global News US Economy Interest Rates Incoming Federal Reserve chief admits recovery frustratingly slow report You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Dow Jones Newswires United States Federal Reserve Vice Chairwoman Janet Yellen who takes the reins of the Fed on February 1 said in an interview with Time Magazine published Thursday that she expects to see a stronger US economy in 2014 and is hopeful of growth of at least 3 per cent I think we ll see stronger growth this year Most of my colleagues on the Fed s policymaking committee and I are hopeful that the first digit of GDP growth could be 3 rather than 2 she said Ms Yellen who was confirmed as Federal Reserve Chairwoman on Monday also said she expects a housing market pick up after a lull in the Fall I expect it to pick back up and I do expect a further recovery Terming the recovery as frustratingly slow she said however we re making progress in getting people back to work and I anticipate that inflation will move back toward our longer run goal of 2 per cent On the Fed s quantitative easing program she said the policy is aimed at holding down long term interest rates which encourages spending And part of the stimulus comes through higher house and stock prices which causes people with homes and stocks to spend more which causes jobs to be created throughout the economy and income to go up throughout the economy she said Print this page Related articles 12 Jan Obama picks Fed vice chair 11 Jan US jobs growth slows sharply 10 Jan US jobless claims dip 09 Jan Tinker taper the Fed s cautious path 09 Jan ORIGINAL TEXT Fed minutes More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Mark Welch Fri 2014 01 10 09 25 The Fed averted a universal bank meltdown for which we re very grateful But maybe that s where they should have stopped The zero rates forever if need be QE in an attempt to restore normality

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/us-economy/feds-yellen-expects-3-growth (2014-01-12)
    Open archived version from archive

  • US jobless claims dip | Business Spectator
    Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu US jobless claims dip 10 Jan 12 49 AM Economy Global News US Economy Further signs of improved labour market with claims lower than forecasts You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Dow Jones Newswires A drop in the number of new unemployment claims suggested continued improvement in the United States labour market though volatility around the turn of the year may have skewed the figures Initial claims for jobless benefits a measure of layoffs decreased by 15 000 to a seasonally adjusted 330 000 in the week ended January 4 the Labor Department said Thursday That was the lowest level in more than a month Economists surveyed by Dow Jones expected 335 000 new claims for the week The number of claims for the prior week was revised up to 345 000 from 339 000 A Labor Department analyst said the data remains in a volatile period but added that all states reported figures for last week and there as no indication that winter weather affected filing Holidays and big swings in unadjusted data in December and January complicate seasonal adjustments for jobless claims The four week moving average for claims which evens out bumpy week to week data fell by 9 750 to 349 000 The overall labour market showed signs of improvement late in 2013 US payrolls rose by a seasonally adjusted 203 000 in November the Labor Department said last month It was the third time in four months that the advance exceeded 200 000 The job growth came in higher paying sectors such as manufacturing and health care in addition to retail and restaurant jobs which already had been growing steadily Private sector payrolls increased by 238 000 positions in December according to payroll processor Automatic Data Processing Inc and forecasting firm Moody s Analytics That was the best gain in more than a year The government will release its December employment gauge on Friday Signs of further improvement could give Federal Reserve policy makers confidence to continue to curtail their bond buying program The central bank last month pointed to the strengthening labor market as evidence the economy was sturdy enough to reduce the size of purchases by 10 billion a month taking a small first step away from

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/us-economy/us-jobless-claims-dip (2014-01-12)
    Open archived version from archive

  • Alcoa gives up on aid: report | Business Spectator
    the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Alcoa gives up on aid report 10 Jan 12 41 AM 1 Industries Resources and Energy Climate Carbon markets Energy markets Economy Australian News Firm won t seek govt funds for Point Henry smelter risk of closure rises You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Alcoa has declared it will not request a further injection of government funds for its loss making Point Henry aluminium smelter in Victoria raising the prospect of closure this year I can confirm we are not seeking any additional assistance Alcoa s national communications manager Nichola Holgate told The Australian The company received 40 million in aid in 2012 with the Gillard government s cash coming on the proviso the smelter remained open until at least June 2014 An internal review of the plant currently underway with a decision on its future is expected in March But without assistance the weak aluminium market conditions mean it is at great risk of closing The move is not a surprise given the Abbott government s reluctance to offer funding for struggling businesses Print this page Related articles 13 Jan BHP faces buyback pressure 13 Jan Indonesia ban no issue Palmer 10 Jan OM Holdings CEO resigns 10 Jan Korea China jostle for Aust resources 10 Jan Fed govt should support Alcoa ALP More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/resources-and-energy/alcoa-gives-aid-report (2014-01-12)
    Open archived version from archive

  • ECB holds rates at 0.25% | Business Spectator
    how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Dow Jones Newswires European Central Bank President Mario Draghi used unexpectedly strong language to stress that the central bank will remain accommodative for as long as necessary as the central bank kept interest rates at record lows Thursday Mr Draghi said the bank stands ready to take further action to prevent excessively low inflation from derailing the eurozone s fragile economic recovery We remain determined to maintain the high degree of monetary accommodation and take further decisive action if required Mr Draghi said at his monthly news conference though he added that for now the Governing Council sees no need for immediate action Mr Draghi said inflation risks are broadly balanced over the medium term We don t see deflation he added We are not in a Japanese scenario Mr Draghi spelled out in clear terms that a worsening of its medium term outlook for inflation or an unwarranted tightening of money market rates or the rates at which banks lend to each other could lead the ECB to act All instruments allowed by the treaty would be eligible Let me make this point quite clear Mr Draghi added The euro weakened against other major currencies after Mr Draghi promised decisive action The single currency fell 0 6 per cent against the United States dollar to a new one month low of 1 3548 and slumped to a one year low against the pound In his news conference Mr Draghi ticked off a series of improvements in financial markets over the past few weeks including improved survey and confidence indicators in December which reinforce the ECB s assertion that the euro zone economy is gradually recovering He also firmly reiterated the ECB s forward guidance to keep interest rates at current or lower levels for an extended period of time The Governing Council strongly emphasises that it will maintain an accommodative stance of monetary policy for as long as necessary which will assist the economic recovery in the euro area Mr Draghi said using stronger than normal language The central bank left its key interest rate the one it charges commercial banks for its regular loans at 0 25 per cent as expected by analysts It also left the rate it pays on overnight deposits at zero continuing to allow banks to briefly park funds at the central bank at no cost The Bank of England also held rates steady at 0 5 per cent on Thursday Annual inflation in the eurozone reached 0 8 per cent in December well below the ECB s target of just below 2 per cent but higher than October s low of 0 7 per cent which spurred the ECB to cut rates in November Meanwhile annualized gross domestic product growth was just 0 4 per cent in the third quarter

    Original URL path: http://www.businessspectator.com.au/news/2014/1/9/interest-rates/ecb-holds-rates-025 (2014-01-12)
    Open archived version from archive

  • BoE keeps rates steady | Business Spectator
    Interest Rates UK central bank maintains stimulus despite signs of economic recovery You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password The Bank of England left its main interest rate and stimulus program untouched Thursday keeping in place its support for the United Kingdom s strengthening economy The UK central bank said its rate setting Monetary Policy Committee left its benchmark rate at a low of 0 5 per cent and the size of its bond buying program untouched at 375 billion A675 billion As is usual when it makes no change to policy the MPC didn t issue a statement explaining its decision Sterling and UK government bonds were broadly unmoved Minutes of the policy makers deliberations will be published January 22 Economists expect the UK to register growth of 2 5 per cent in 2014 which would be its fastest rate of expansion since 2007 according to a range of forecasts compiled in December by the UK Treasury Yet despite that pickup few economists expect the UK s 319 year old central bank to abandon its easy money stance and start raising borrowing costs soon BOE officials led by Governor Mark Carney have pledged to keep their benchmark interest rate at a record low to nurture Britain s burgeoning recovery as long as inflation remains subdued The annual rate of inflation was 2 1 per cent in November and is expected to remain close to the BOE s 2 per cent target for the next couple of years a reflection in part of weak price pressures worldwide Officials are mindful that the UK economy has yet to recover the ground it lost in a deep recession that began in 2008 Output was roughly 2 per cent below its pre recession peak at the end of the third quarter and more than 2 million Brits remain out of work Rate setters pledged not to consider raising the BOE s benchmark interest rate from 0 5 per cent until unemployment in the UK falls to 7 per cent a threshold that central bank forecasts published in November suggested was unlikely to be met until 2015 Many analysts now expect that goal to be met much sooner perhaps this year Official data published in December showed the jobless rate tumbled to an average of 7 4 per cent in the three months to October a steeper fall than officials were expecting Mr Carney has stressed that reaching the 7 per cent jobless threshold won t automatically trigger a rise in interest rates and that the MPC is eager to see a sustainable improvement in jobs and incomes before it tightens policy Economists

    Original URL path: http://www.businessspectator.com.au/news/2014/1/9/european-crisis/boe-keeps-rates-steady (2014-01-12)
    Open archived version from archive



  •