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Australia Showing Signs Of Coming Downturn -Dow Chemical CEO

SYDNEY -(Dow Jones)- Dow Chemical Co.'s (DOW) chief executive said Tuesday that he sees signs of a coming downturn in the Australian economy, arguing that jobs growth and overall competitiveness are in decline. Andrew Liveris was unveiling a plan to resurrect Australia's manufacturing sector at a conference held at the University of Technology in Sydney. "We are seeing troubling signs for our economy at large--maybe even signs of a coming downturn," he said. Liveris said Australia's current growth trajectory is "unsustainable" and that the country had grown far too reliant on China for its prosperity. He noted that over the past 50 years, Australia's manufacturing sector has shrunk from nearly a third of the overall economy to just 8.6% today. "We have seen factories and the jobs in them shipped overseas as other countries become more competitive and we've become less," he said. He added the Australian economy was heading towards a "tipping point," saying the high Australian dollar had made it very uncompetitive. By Shani Raja, Dow Jones Newswires; 61 2 8272 4683; shani.raja@dowjones.com

Stock News for Dow Chemical (DOW)
DateTimeHeadline
08/31/201516:14:52Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/31/201515:49:04Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/27/201508:07:00Dow AgroSciences and ICS-CAAS Partner to Accelerate Rice Research...
08/25/201510:06:32Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/25/201510:05:30Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/24/201515:57:30Filing of Certain Prospectuses and Communications in Connection...
08/24/201511:58:00Faruqi & Faruqi, LLP is Investigating Dow Chemical Co. (NYSE:...
08/17/201516:02:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/17/201515:57:31Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/17/201509:00:00Olin Corporation Announces Filing of Definitive Proxy Statement
08/12/201513:51:52Form 13f Holdings Report (13f-hr)
08/10/201517:31:52Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/10/201517:28:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/07/201510:39:36Current Report Filing (8-k)
08/04/201511:11:43Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/03/201508:19:00Boulevard Acquisition Corp. Completes Acquisition of AgroFresh...
08/03/201508:01:00Dow Completes Divestment of AgroFresh
07/30/201504:46:38Nanoco Reports "Very Significant" Display Progress
07/29/201517:45:00Statement from Andrew N. Liveris, Chairman & CEO, The Dow Chemical...
07/29/201514:46:00Boulevard Acquisition Corp. Stockholders Approve Acquisition...

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