From tinned fruit to work boots, high labor costs and an elevated currency are squeezing Australian manufacturing, threatening to increase a jobless rate already at the highest level in more than 10 years.
Alcoa Inc., the largest U.S. aluminum producer, agreed to pay $384 million to resolve U.S. criminal and civil probes, after a unit admitted paying tens of millions of dollars in bribes to members of Bahrain’s royal family and officials at a state-owned company to win business.
Alcoa Inc., the largest U.S. aluminum producer, reported better-than-forecast quarterly earnings after its smelting business returned to profitability and results improved at a unit that makes auto and aerospace parts.
Alcoa Inc ., the largest U.S. aluminum producer, said it supports the creation of an exchange- traded fund backed by the lightweight metal and would be interested in supplying aluminum for such a product.
Alcoa Inc., the largest U.S. aluminum producer, cut its forecast for global consumption of the metal by 1 percentage point on slowing Chinese demand, helping to trigger a decline in Asian stocks for a third day.