US considers up to ten percent currency devaluation
A Washington Post dispatch from Rome reports the United States surprised finance ministers at the Group of Ten meeting by offering as much as a 10 percent devaluation of the dollar. Officials say the outcome was unsettled with no communique issued, and observers note debate over whether a multilateral currency realignment will occur.
MENTIONED IN THIS ARTICLE
Washington
Washington Post
Rome
United States
Meir PLC
Group of Ten
Sydney
Moandalel
Nororne Hea Ag
Eas
Ito
Siharane
Austin
Stystvin
Indonesia and Australia eye joint business ventures
Indonesian and Australian officials discuss expanding investments and cooperation with a focus on sugar industry and private sector participation. The minister notes 21 Australian firms operating in Yadonevia, with investment surpassing 320 million, as both sides seek expertise in management and marketing to strengthen ties.
MENTIONED IN THIS ARTICLE
Yadonevia
Austrasian
Noahs plans 1:4 premium issue in Canberra
Noahs St Canberra will raise 342500 with a 1 for 4 premium issue. The move involves 307300 shares at 30c each with a 10c premium to finance a program. Dr E DL Killen is named chairman replacing a former executive. McLachlan has been appointed to a director role.
MENTIONED IN THIS ARTICLE
Noahs
Australian Industry Profit Rise Confounds Market
A.C.I. reports an 18.6 percent rise in net profit driven by improved ore and energy costs. The company notes stronger performance in the first half of the year with higher output and efficiency gains. Executives say Australia is progressing ahead of peers in the region and forecast continued growth despite pressures.
Thomann ACT reach $8 million equipment contract alliance
Directors announced an agreement with Trench originy Ther Ant SE to supply early manutacone Eidor equipment. ACT Electronics would act as the prime component in a joint program with Thomann for a new interope starting collaboration. Officials expect compensation exceeding $2 million for installation and armoriat work.
MENTIONED IN THIS ARTICLE
ACT
Torne
Electornics
Attralia
Thomann-H
Nba Ogra
Splay
Pane
Thoman
Thorman
David Jones makes cash bid to oust Waltons at McDowell
David Jones Ltd launched a cash offer to top Waltons bid for McDowell, proposing 266 a share with an all cash alternative of 920 a share and signaling strong financing and backing from institutional supporters. The move follows a November counter offer and adds pressure as McDowell holders weigh the options.
MENTIONED IN THIS ARTICLE
David Sonex Ltd
Waltons Ltd
McDowelly Hollings Run
Piper
McDowell
Rorke
David Jones
Chavis Clout Jones
Tah McPiowsoll
Wally Eniila
McDowells
Canital
Toney
Wart
Yeaterday
Lcs
Moe Than
Waltons
Wivby
Onaly
MLC Raises Interim Payout On Rising New Business
Directors said yesterday that new business in both the ordinary and collector branches of the Mutual Life and Citizens Assurance Company are principal subsidiaries and have already exceeded total new business written in 1970. The group raised its dividend amid also facing cost increases and expenses common to its subsidiaries as it forecasts losses for the year.
MENTIONED IN THIS ARTICLE
Yeater
Mutual Tife
Citizens Assurance Company
MLC Ltd
Building societies lend $183 million in October
Australian permanent building societies approved loans totaling $183 million in October for new and existing homes, up from last year. Kent Atcher, executive director, noted October approvals reached 88 million, with 4,420 homes purchased, and four months ending October showing 17 194 homes approved across the period. Outstanding mortgage debt rose to 1,384 million.
MENTIONED IN THIS ARTICLE
Amoeii Non
Permanent Building
Sovietien
Kent Atcher
Sai
Oval
Tinsure
Ung Accetion
RTA
Thorigage
Ampol payout steady amid lower profit and price war
Ampol Petroleum Ltd reports a half year period ending September showing net profit down but a steady ordinary dividend at 10 percent or $3.89 million. The firm cites higher costs from indigenous oil policy and foreign competition, with interim results affected by government measures and a sharp fall in annual turnover.
MENTIONED IN THIS ARTICLE
Smu
Vietor- Ampol
Sondon
Saehan AL
Seat
Leopard
Campas
Amoco
Wimble Induvirial Bauty Ltd Offer Reported
An unclear note cites Wimble Induvirial Bauty Ltd and a proposed offer. The fragment mentions exceeding a target amount and references Syne. Details are sparse but indicate a business offer context with unspecified figures and terms.
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