Australia

Dairy farmers angry over slashed raw milk prices

Dairy farmers angry over slashed raw milk prices

Dairy farmers in Australia have expressed anger over decision by Murray Goulburn and Fonterra to cut prices paid by them for raw milk.

Australian Stork Market Face a Set Back with Low Commodity Prices and Subdued Global Growth Outlook

Australian Stork Market Face a Set Back with Low Commodity PricesConcerns regarding the health of global economic growth and low commodity prices are reason behind the set back in the Australian stock market. On Wednesday, it opened significantly lower after an unenthusiastic guidance from Wall Street.

The S&P ASX 200 index opened 1.1 percent down at 5,298.1 points. The benchmark lost 60.60 points or 1.13 percent in the late-morning trading.

Australian entrepreneursays he created bitcoin

Australian entrepreneursays he created bitcoin

Australian entrepreneur Craig Steven Wright has announced on Monday that he created the popular bitcoin, which is world first somewhat accepted digital currency.

Murray Goulburn Cut Milk Prices, Farmers Feel the Pinch

Murray Goulburn Cut Milk Prices, Farmers Feel the PinchAustralia's largest milk processor Murray Goulburn Co-operative Co trimmed the long-held milk price which it planned to pay farmers, by about fifteen percent. This was the first cut to milk price in a mid-season after the financial crisis hit the globe. The move angered the farmers.

French Naval Contractor DCNS wins Australia’s New Submarine Fleet Contract Worth $40 billion

Naval Contractor DCNSAccording to sources, France surpassed bids from Germany and Japan and won the A$50 billion or $40 billion contract for building Australia's new fleet of submarines. The contract went to French naval contractor DCNS. The budding defence export industry of Japan suffered a major blow by losing the contract.

Core Inflation Rate is Expected to be Lower in the First Quarter as Reserve Bank of Australia Publishes Data on Wednesday

Core Inflation Rate is Expected to be Lower in the First Quarter as Reserve Bank

In the first three months of the year the core inflation in Australia have probably eased further but most economists say that it will not be sufficient to power a cut in the cash rate.

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