NSW Premier urges broad rate cuts to revive economy
Premier Wean urged a Commonwealth rate reduction arguing high rates fuel inflation, curb demand and delay recovery. He said lower rates could boost investor confidence and accelerate housing and business activity, noting a recent slump in housing approvals.
MENTIONED IN THIS ARTICLE
Business & Economics
Wran
Nsw
Mr Wean
Crivicihing
Wean
Ater
Mr Wran
Wuld
McMahon
McMbithon
Anstinute
Melbourn
UK inflation Phase a UK inflation Phase a
UK inflation climbed back to high levels with annual price gains near 17.5 percent in Britain. Government figures from the Department of Employment show retail prices rising in April, pushing the inflation rate higher than a year earlier. Energy and commodity costs, wages, and trade friction contributed to the surge, while policy aims to cut the nonfuel inflation rate to 14 percent by year end 1977.
MENTIONED IN THIS ARTICLE
London
Hation
Britain
Department of Aploymment
Wien
Flour miller posts 2.1 million profit after loss
Bunge Australia Pty Ltd reports a year to December 1 profit of 2.1 million after recording a 266 thousand loss in 1975. Key gain from Herbert Adams unit, with improved sales and manufacturing efficiency, while Adams continues to face substantial losses and capital return concerns. Depreciation and tax adjustments shaped the final result.
MENTIONED IN THIS ARTICLE
Bunge
Australia
Herbert Adams
Inter
Adams
Ling
Ascot
Talks begin on $90m dispute over Kennecott stake
Negotiations started in NSW Supreme Court over Kennecott Copper's 54 per cent interest in Thiess Peabody Mitsui group in Queensland. Thess Holdings Ltd and Kennecott contest who may buy the stake after Kennecott sold its Australian mining interests. Hearing adjourned as talks continued. sources say settlement likely tomorrow or Wednesday.
MENTIONED IN THIS ARTICLE
Kennecott Copper Corporation
Queensland Coal Mining Group
Tihiess-Peabody-Mitsui Pay L
Thess Holdings Ltd
Kennecott
US Corporationy
Broken Hill Proprietary Co Lid Thiess Moldings
Thiess-Peabody-Mitsui
Justice Meares
NSW Supreme Court
A. S. Morrison
Kennecost
Unita
Morrison
Spokexoren
Thiess
Thal
Japan and United States agree on TV cut deal
The United States and Japan reportedly agreed to limit Japanese color television shipments to the US to 175 million dollars annually, a 40 percent drop, amid hopes it would ease rising tariffs and curb Japanese surpluses.
MENTIONED IN THIS ARTICLE
Japan
Washington
Manila
United States
White House
Associated Press
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Triesie Peabody Mitsu
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Hospital Employers Federation OF Australia
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Townsville St
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Sydney
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Philip
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Hindmarsh Drive
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