TRADE SURPLUS RISES TO A$3.57B IN FEB
Improvements come from 5.3pc drop in imports and 1.5pc jump in exports
SYDNEY under growing pressure from investors and its own employees to consider its bottom line, as well as market share.
One of the sources said there had been at least five townhalls in recent weeks, with founders Kunal Bahl and Rohit Bansal delivering billion (RM12.03 billion) in February, more than double the previous month and far above forecasts of A$1.8 billion.
With two months gone for the first quarter, the trade surplus is running at A$5 billion and another sizable outcome last month might just get the whole current account into the black.
The current account shortfall was the smallest in 15 years in the fourth quarter at A$3.9 billion.
Much of the trade improvement came from a 5.3 per cent drop in imports, an unusually steep decline that included a 10 per cent fall in consumer goods. Exports climbed 1.5 per cent, with gold, iron ore and coal all making gains.
Australia’s trade surplus in first 2 months of 2017 Exports to China in
February motivational speeches.
“It was only profitability and profitability,” said one source, describing answers to questions from employees whether the company was a takeover target.
India’s booming online retail sector is led by homegrown player
Beijing’s efforts to slash inefficient steel making has been helping underpin demand for higher quality iron ore, Australia’s single biggest earner.
Exports to China stood at A$7.8 billion in February, up 56 per cent from last year.
Meanwhile, RBA held interest rates at a record low 1.50 per cent for a seventh straight meting as it juggles a booming property market with mixed economic data.
The central bank slashed rates 300 basis points between November 2011 and August last year to support non-resources industries as the economy transitions out of a mining investment boom. It has remained on hold since then. Agencies Flipkart said now followed by Amazon, after the United States giant overtook Snapdeal’s sales volumes a year ago.
Snapdeal expects to turn profitable in two years and is eyeing a market listing around the same time. Reuters