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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Oct 05, 1976
Page
6
The government signals a possible boom in mining while expressing concern that industry controls may be overruled by global markets. Deputy Prime Minister Anstains warns of competitive risks and price pressures, stressing Australia must protect its mining workers and regional interests amid a volatile world market.
The Australian Farmers Federation plans a currency devaluation proposal during its seventh annual Canberra conference on October 4 and 15. The agenda covers trade relations, a shift to a Rural Industries Assistance Commission, and a joint secretariat with the Australian Wool and Meat Producers Federation to be launched next year.
Manila reports say World Bank and IMF annual meeting heard calls for increased development assistance to lift 1.2 billion people from extreme poverty. President Muaroon of the Philippines warned that without urgent action the plight of disadvantaged nations would worsen amid calls for concrete measures by rich and poor nations alike.
Melbourne shares edged higher with Woolworths and majors steady while miners showed varied gains. Notable moves included significant price shifts for several entities and several firms holding or easing in late trading. commentary notes unsettled sentiment and sector rotation across the market.
HP introduces a new Smut computer family designed for computation, instrumentation, and operations management. It claims lower cost than similar carriers, four laser processors, complete database tools, networking software, and configurable desk options. An HP spokesman touts multilingual, batch processing and multi-programming support, with optional software and hardware expansions.
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