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The Reserve Bank says it’s hoping the Australian dollar will continue falling and help rebalance the economy as the mining investment boom peaks. In the minutes from its June meeting, the RBA board also left the door open for further interest rate cuts. That’s after it kept the official cash rate at a record low of 2.75% this month. The board says the cash rate was appropriate for the time being, but judged inflation may provide some scope for further easing if the economy needs it.
To some company news now: Elders says it’s in the exclusive negotiations1 with one of three parties which have offered to buy its Futuris automatic components2 business. Futuris employs around 400 people in South Australia and makes parts for Holden, Toyota and Ford3. Elders says it’s rejected an offer for its rural services division because it was inadequate4. It’s considering other options for the businesses such as restructuring and refinancing.
The New South Wales government is putting the world’s largest co-port up for sale. It’s the key announcement in the state budget which was handed down today by the treasurer5 Mike Baird. Mike Baird says the port will be offered on a 99-year lease. The state will post deficit6 of 329 million dollars for the 2013-14 financial year.
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1 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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2 components | |
(机器、设备等的)构成要素,零件,成分; 成分( component的名词复数 ); [物理化学]组分; [数学]分量; (混合物的)组成部分 | |
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3 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
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4 inadequate | |
adj.(for,to)不充足的,不适当的 | |
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5 treasurer | |
n.司库,财务主管 | |
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6 deficit | |
n.亏空,亏损;赤字,逆差 | |
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