Tag: Growth | Import | Export

The Australian dollar has broken US98c, trading at US$0.9845 after the Australian Bureau of Statistics revealed strong employment numbers for the month of September this morning.

Securency, the Reserve Bank of Australia subsidiary that sells Australia’s polymer note currency system to the world has seen the RBA raided as part of an international investegation into alleged corruption and bribery involving Securency.

The Australian dollar is set to break US98c after trading as high as US$0.9792 this morning on the back of concerns the United States Federal Reserve will reflate the currency.

The Aussie dollar continues to surge towards parity with the US dollar, reaching US97.3c overnight and hitting parity with the Canadian dollar, affectionately known as the ‘loonie’.

The Australian dollar is trading at a two year high against the US dollar, hitting US96.08c during early trade this morning.

Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, has provided working capital support to Urban Art Projects (UAP), the Brisbane-based exporter that won the contract to design and fabricate major sculptures for the main entrances to Shanghai World Expo 2010.

Australian recycling company Adelaide Resource Recovery is experiencing a strong demand for its waste plastic, exporting over 500 tonnes to China since last year

Furnitex 2010 and Decoration + Design expo’s attracted record numbers of visitors this year, with visitor numbers up 13 percent since last year.

Centrebet, the Australian online betting and gambling powerhouse, has recovered both Centrebet.gr and Centerbet.gr from domain squatters in Greece.

Iconic Australian surf fashion brand Billabong has agreed to buy Californian ‘progressive apparel brand’ RVCA, and plans to add Canadian brand West49 to Billabong’s collection.