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Australia's independent body that advises on infrastructure1 is calling for investment in the nation's ports to be made a priority.
Infrastructure Australia has released its latest annual list of priority projects across the nation.
The report advises governments to look for private partnerships2 and consider leasing more assets. Infrastructure Australia says investment in ports is essential to cope with the growth in mining exports.
While Australia's car makers4 are struggling, it's a different story in the United States. Car makers there have reported their strongest monthly sales growth in June since the 2007 recession. General Motors sales rose by six per cent.
Chrysler was up eight per cent, while Ford5 recorded a 13 per cent increase that was led by truck sales. Japanese car maker3 Toyota had the biggest jump. Its sales rose 14 per cent.
To the markets.
Early gains faded on Wall Street as investors6 wait for more clarity on the strength of the US economy. There was little change in Europe.
To commodity prices.
West Texas Crude is trading at 100 US dollars a barrel. Tapis Crude is 109 US dollars a barrel. And gold this morning is worth 1243 US dollars an ounce.
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1 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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2 partnerships | |
n.伙伴关系( partnership的名词复数 );合伙人身份;合作关系 | |
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3 maker | |
n.制造者,制造商 | |
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4 makers | |
n.制造者,制造商(maker的复数形式) | |
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5 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
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6 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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7 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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