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Turnbull commits $36mn to back struggling steelmaker

  Sydney / Bloomberg Australia’s coalition government will provide A$49.2 million ($36 million) to support struggling steelmaker Arrium Ltd., Prime Minister Malcolm Turnbull said. The funds will be spent on new machinery at two mines in South Australia to help Arrium remove waste materials from its iron ore, Turnbull said in a statement on Sunday. The equipment will enable Arrium ...

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17 Thailand firms suspected of FBA breaches

  Bangkok / Tribune News Service The Commerce Ministry says it has found 15 companies in Phuket and two in Phang Nga in likely breach of the Foreign Business Act (FBA) for having a nominee structure in businesses reserved for Thais. In two cases, foreigners were allegedly using Thai identity cards illicitly. Sarote Suwattigul, deputy director-general of the Foreign Trade ...

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Nissan bets on ethanol for fuel-cell vehicles

  Tokyo / AFP Nissan says it is developing fuel-cell technology that can power cars using plant-based ethanol, a first for the auto industry, and hopes to launch the system in time for Tokyo’s 2020 Olympics. Japan’s number-two automaker said its experimental technology would let vehicles drive more than 600 kilometres (375 miles) on a single fill, similar to gasoline-powered ...

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