Ford Australia has announced an after-tax operating loss of A$141m for the 2012 financial year. This followed a loss of $290m in 2011 and took losses in the last five years to about A$600m. Ford said it would close its Australian manufacturing plants and expand its vehicle lineup by 30% by 2016 to return to profitability.
After announcing an after-tax operating loss of A$141m for the 2012 financial year, following a A$290m loss in 2011, Ford has finally thrown in the manufacturing towel in Australia and will close its factories in 2016.
By Catherine Bremer PARIS (Reuters) - Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance in the austerity-versus-growth debate raging as Europe struggles to pull itself out of a long crisis. Lagarde, who was quizzed by a Paris magistrate on Thursday over a 2007 arbitration payment she made as French finance minister to settle a spat between the state and a businessman, was appointed IMF head in June 2011. ...
TOKYO (AP) — Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation.
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