澳洲新闻 (ABC新闻快递) 2012-02-19（在线收听） |
A significant downturn in the Fortunes of several Australian fashion brands,most even go to foreign hands.Billabong's 72% slide in half year profits,pumped a take over offer could form global priority firm TPG but the offer was rejected.Pacific brands on the rebonds haven't yet build in kengi* double its losses from a year ago losing 362 million dollars.But the company blames the tough retailing environment.Billabong is shedding staffing,stores and part of its Nixson brand. Fresh produce farmers are bracing from a another blow as Indonesia clamps down on Australia food exports.Indonesia became a free-trade parter with Australia early this year,but next month will restrict fresh produce from entry most of its main exports.The claims concerns the quantity and the illegal imports is driving the introduction of straight regulations.Australian fruit and vegetables experts say it's already taking on a toll profits.
The boss of ANZ bank has sought to defend this month,job cuts and last week's interest rate rise.Chief executive,Mike Smith says the global financial turmoil made the move necessary.The banks says in order to make the profit come in at 1.7 billion dollars for the half year.
A look at the latest numbers from the markets.
In the US,the Dow is up 46 points.In Asia,stocks finished up,the NIKKEI 146 higher.And back home,the all-ordes finished the week 16 points higher. |
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