Aug 18, 2017 Last Updated 2:35 PM, Aug 17, 2017

New Entry From the Editor :

Telstra cuts dividend outlook after disappointing FY performance

Telstra cuts dividend outlook …

AusBN - Telstra (ASX:TLS) has revealed its full-year (FY) profit dropped 33...

Contrasting fortunes for Origin and Woodside in FY results

Contrasting fortunes for Origi…

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

Report finds majority of top A…

AusBN - A report by think tank Asialink has found that a large majority of ...

Manufacturing grows for sixth consecutive month

cars1AusBN – Australia’s manufacturing industry grew for a sixth consecutive month in December, marking the longest unbroken run of growth since 2010.

The Australian Industry (Ai) Group’s Performance of Manufacturing Index slipped by 0.6 points to 51.9, but in staying above 50 this indicates expansion.

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Whyalla Steelworks to lose 250 jobs

steel rodsAusBN – OneSteel has announced that it will cut 200 jobs and 50 contractors from its Whyalla Steelworks over the next six to eight months in order to cut costs.

A statement from the company said the cuts were necessary because labour costs are the biggest proportion of the steelwork’s production costs.

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