Mexico warns of tariffs, spurns US aid

Mexico warns of tariffs, spurns US aid

Mexico has hardened its opposition to President Donald Trump by saying it would retaliate if the United States imposed a border tax and that it can afford to lose financial aid that might be pulled to pay for a border wall. Foreign Minister Luis Videgaray said Mexico could respond to any tax the US were to unilaterally impose on imports from its southern neighbour to finance the wall with levies …

  • Gladys and Jokowi talk infrastructure AAP - 58 minutes ago
    Gladys and Jokowi talk infrastructure

    NSW Premier Gladys Berejiklian has discussed infrastructure investment during official talks with visiting Indonesian President Joko Widodo. Ms Berejiklian said it was a "double honour" to meet the president so early in her term and with him making NSW his first Australian state visit. "Indonesia has an enormous infrastructure agenda and that was a central part of our discussion," she told reporters.

  • Indonesia trade deal likely in 2017 AAP - 2 hours 36 minutes ago

    A trade deal with Indonesia is likely to be completed this year, according to Trade Minister Steven Ciobo. Indonesian President Joko Widodo is in Australia and Mr Ciobo told reporters on Saturday the visit presented an opportunity for Australia and Indonesia to build on their economic relationship.

  • Qld mayors invited to meet Adani in India AAP - 3 hours ago
    Qld mayors invited to meet Adani in India

    Queensland Premier Annastacia Palaszczuk has invited five regional mayors on her trip to India to meet with the mining giant Adani to discuss the $21 billion Carmichael Coal project. Ms Palaszczuk confirmed on Saturday she wants the mayors to accompany her on the visit next month, which would be part of an overseas trade mission to include Singapore for trade meetings and London for 2018 Gold Coast Commonwealth Games activities. The mayors invited are Jenny Hill from Townsville, where Adani's regional headquarters and remote operations centre will be based, Andrew Willcox from Whitsunday Regional Council, Greg Williamson from Mackay, Anne Baker from Isaac and Margaret Strelow from Rockhampton.

  • Boost to Indonesian live cattle trade AAP - 3 hours ago
    Boost to Indonesian live cattle trade

    Northern Territory cattle producers hope Jakarta's move from four-month to year-long import permits will mean an end to cattle banking up in Australian paddocks and a frantic last minute search for other markets. An announcement of changed regulations for the live export market has coincided with Indonesian President Joko Widodo's arrival in Sydney on Saturday. Agriculture Minister Barnaby Joyce hailed the changes saying it would allow better business planning for Australian exporters, increase the range of cattle eligible for export and ultimately improve returns at the farm gate.

  • Qld road and rail projects join key list AAP - 6 hours ago

    Infrastructure Australia has added several Queensland road and rail projects to its priority list. The independent adviser has identified upgrades to the Cooroy to Curra and Mackay Ring Road sections of the Bruce Highway as crucial for national connectivity. The revised Infrastructure Priority List, which was released on Saturday, also identifies additional transport capacity between Brisbane and the Gold Coast as a new priority initiative.

  • Garmin employee gunned down in Kansas AAP - 6 hours ago
    Garmin employee gunned down in Kansas

    GPS device-maker Garmin is reeling after one of its employees was killed and another wounded in a shooting at a bar close to their workplace in Kansas City. The tech company has long revered diversity in its workforce, even when the locale of its ever-sprawling operational headquarters - a largely white Kansas City suburb - didn't reflect it. It's the place 32-year-old Srinivas Kuchibhotla came to work a few years ago and his wife said on Friday he willingly spent long hours on an aviation systems engineering team alongside Alok Madasani, a friend and colleague also 32 and from India.

  • Indonesian president lands in Sydney AAP - 7 hours ago
    Indonesian president lands in Sydney

    Indonesian President Joko Widodo has touched down in Sydney ahead of bilateral talks with Prime Minister Malcolm Turnbull and Australian business leaders. The president and First Lady Iriana Widodo arrived on Saturday morning in rainy conditions and clutching umbrellas as they greeted Australian officials on the airport tarmac. Improving trade and investment ties is expected to be a key focus of Mr Widodo's two-day state visit to Australia.

  • J. C. Penney to shut up to 140 US stores AAP - 10 hours ago
    J. C. Penney to shut up to 140 US stores

    US department store chain J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centres over the next several months as it aims to improve profitability in the era of online shopping. The closures, announced on Friday, represent about 13 per cent to 14 per cent of the company's current store count, and less than 5 per cent of total annual sales. The news came as Penney posted a profit in the fourth-quarter compared to a loss a year ago.

  • Dakota pipeline could be up within weeks AAP - 10 hours ago
    Dakota pipeline could be up within weeks

    Oil could be flowing through the $US3.8 billion ($A4.9 billion) Dakota Access pipeline in less than two weeks, according to court documents filed by the developer. It comes as police and soldiers start clearing a protest camp in North Dakota where pipeline opponents had gathered for the better part of a year. Energy Transfer Partners has finished drilling under Lake Oahe and will soon be laying pipe under the Missouri River reservoir, the Dallas-based company said.

  • China denies using devaluation for trade AAP - 21 hours ago
    China denies using devaluation for trade

    China says it has no intention of using currency devaluation to its advantage in trade, responding to an assertion from US President Donald Trump that China is the "grand champions" of currency manipulation. Trump said in an interview with Reuters on Thursday he had not "held back" in his assessment that China manipulates its yuan currency, just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing's foreign exchange practices. Chinese Foreign Ministry spokesman Geng Shuang said he hoped the United States could "fully and correctly" view the exchange rate issue.

  • Electricity prices tipped to rise in Qld AAP - Fri, Feb 24, 2017 7:35 PM NZDT

    Electricity prices are tipped to rise by $25 a year for regional Queensland households from July. The Queensland Competition Authority released its draft regulated retail electricity prices on Friday, which confirm a 1.7 per cent increase in the 2017-18 financial year. Energy Minister Mark Bailey said the draft prices did not "capture wholesale price impacts of recent extreme heatwaves and the record high demand events in Queensland".

  • Share market dips as miners, banks fall AAP - Fri, Feb 24, 2017 7:35 PM NZDT

    The Australian share market is lower, pulled back for a second successive session by significant falls among the big miners, with weakness among the big four banks further prodding the retreat. OptionsXpress ...

  • Stocks to watch AAP - Fri, Feb 24, 2017 6:42 PM NZDT

    Stocks to watch on the Australian stock exchange: AHG - AUTOMOTIVE HOLDINGS - down 17 cents, or 4.18 per cent, at $3.90 Retailer and logistics firm Automotive Holdings Group's first-half net profit has ...

  • Tough outlook steps on strong RCG result AAP - Fri, Feb 24, 2017 6:29 PM NZDT

    Investors have put the boot into The Athlete's Foot owner RCG Corporation despite a standout first-half result, as the retail conglomerate warned a tough trading environment would crimp its full-year earnings outlook. Despite a 32 per cent gain in half-year profit and increased revenue, RCG Corporation's shares fell as much as 20 per cent during Friday trade before closing down 24 cents - a 17.3 per cent drop - at $1.15 - an 18-month low. It posted a half-year net profit of $21.2 million helped by a climb in customer sales with revenue for the half year to December 25, up 39.3 per cent to $301.3 million.

  • The business week in numbers AAP - Fri, Feb 24, 2017 6:23 PM NZDT

    150 million - the size in Australian dollars of the share buyback announced by BlueScope Steel after the manufacturer lifted its first-half profit by $159 million to $359.1 million. 12 - the percentage by which first-half earnings declined at Fairfax Media's Australian metro media. With newspaper earnings continuing to fall, Fairfax finally decided the time is right to spin off moneyspinning real estate business Domain into a separate ASX-listed company.

New Zealand Markets

Company Finances

  • 'McDealerships' multiply to serve auto-sales boom CNBC - Wed, Sep 2, 2015 4:15 AM NZST
    'McDealerships' multiply to serve auto-sales boom

    The rise in US auto sales is sparking the emergence of the so-called "McDealership," and possibly creating a new leg for economic growth.

  • McDonald's is messing with your McMuffin CNBC - Tue, Sep 1, 2015 6:52 AM NZST
    McDonald's is messing with your McMuffin

    McDonald's has some good news for dairy farmers and bad news for the lactose intolerant.

  • Fall's hottest new flavors may surprise you CNBC - Sat, Aug 15, 2015 8:05 AM NZST
    Fall's hottest new flavors may surprise you

    With less than a month left of summer, big-name brands are busting out the pumpkin spice and apple pie ahead of schedule.

  • Coca-Cola Amatil in NZ spirits deal AAP - Fri, Aug 14, 2015 6:01 PM NZST
    Coca-Cola Amatil in NZ spirits deal

    Beverages giant Coca-Cola Amatil has struck a 10-year deal to sell and distribute Beam Suntory's brands in New Zealand. Beam Suntory's spirits portfolio in New Zealand includes Jim Beam Bourbon, Canadian ...

  • Kraft Heinz shares fall after Q2 earnings CNBC - Tue, Aug 11, 2015 8:38 AM NZST
    Kraft Heinz shares fall after Q2 earnings

    Kraft Heinz reported second-quarter earnings and revenue on Monday following the closing bell.

  • Bras: The 'athleisure' trend's latest casualty CNBC - Tue, Aug 11, 2015 2:00 AM NZST
    Bras: The 'athleisure' trend's latest casualty

    U.S. dollar sales of sports bras are on the rise, while revenues from the sports bra are inversely taking a hit.

  • Tax cuts help lift JB Hi-Fi profits AAP - Mon, Aug 10, 2015 7:20 PM NZST
    Tax cuts help lift JB Hi-Fi profits

    Joe Hockey's small businesses tax cuts and Australia's housing boom have got the cash registers in overdrive at electronics retailer JB Hi-Fi. The electronic and home appliances retailer posted a stronger-than-expected annual net profit of $136.5 million and flagged stronger sales for the year ahead. The result was largely driven by a 7.4 per cent rise in sales in the second-half as shoppers splashed out on smart phones, computers, fitness devices and home appliances.

  • Nine pays $925m for NRL rights AAP - Mon, Aug 10, 2015 12:56 PM NZST
    Nine pays $925m for NRL rights

    The Nine Network has won the rights to broadcast NRL games from 2018 to 2022 in a deal worth $925 million. "This is a transformational outcome for supporters, rugby league and Nine, enabling viewers to see the best of the NRL, live and free, 4 days per week, anywhere, on any device," chief executive David Gyngell said.

  • The luxury car line banning haggling at dealerships CNBC - Sat, Aug 8, 2015 3:04 AM NZST
    The luxury car line banning haggling at dealerships

    Lexus, Toyota's luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.

  • It's time to bet on McDonald's-here's how: Goldman CNBC - Fri, Aug 7, 2015 12:10 AM NZST
    It's time to bet on McDonald's-here's how: Goldman

    A key event in November could boost McDonald's shares, presenting an interesting trading opportunity.