THE Australian dollar has eased, unable to hold on to the gains it made after the release of inflation figures on Wednesday.
At 0630 AEDT on Thursday, the local unit was trading at 79.52 US cents, down from 80.00 cents on Wednesday.
And the Australian share market looks set to open sharply lower after falls on Wall Street amid speculation the Federal Reserve remains on course to raise borrowing costs.
At 0645 AEST on Thursday, the March share price index futures contract was down 34 points at 5,478.
ELSEWHERE:
PARIS — Standard and Poor’s has put Greece’s ‘B’ credit rating on watch for a possible downgrade, warning that some of the policies of the new anti-austerity government were putting Greece on a collision course with its international creditors.
ATHENS — Greece’s new Finance Minister Yanis Varoufakis says he wants to see a pan-European agreement to encourage growth and help the continent deal with Greece’s crisis.
NEW DELHI — India is set to sell up to 10 per cent of state-controlled Coal India in a deal that could raise close to $US4 billion ($A5.04 billion).
WASHINGTON — American Express says it plans to launch services for its credit card users in Cuba, after Washington and Havana agreed to establish relations following a half-century freeze.
STOCKHOLM — The
world’s biggest producer of ball bearings SKF has announced massive job
cuts even though its net profits soared fivefold in 2014.
NEW YORK — US aerospace giant Boeing has reported higher quarterly profits, capping a record year of commercial aircraft orders and deliveries.
STOCKHOLM — Swedish fashion giant H&M says net profits for 2014 rose almost a fifth and pledged to speed up its global expansion.
ZURICH — Swiss pharmaceutical giant Roche says its net profit has dropped 16 per cent in 2014 due to debt restructuring despite higher sales.
At 0630 AEDT on Thursday, the local unit was trading at 79.52 US cents, down from 80.00 cents on Wednesday.
And the Australian share market looks set to open sharply lower after falls on Wall Street amid speculation the Federal Reserve remains on course to raise borrowing costs.
At 0645 AEST on Thursday, the March share price index futures contract was down 34 points at 5,478.
ELSEWHERE:
PARIS — Standard and Poor’s has put Greece’s ‘B’ credit rating on watch for a possible downgrade, warning that some of the policies of the new anti-austerity government were putting Greece on a collision course with its international creditors.
ATHENS — Greece’s new Finance Minister Yanis Varoufakis says he wants to see a pan-European agreement to encourage growth and help the continent deal with Greece’s crisis.
NEW DELHI — India is set to sell up to 10 per cent of state-controlled Coal India in a deal that could raise close to $US4 billion ($A5.04 billion).
WASHINGTON — American Express says it plans to launch services for its credit card users in Cuba, after Washington and Havana agreed to establish relations following a half-century freeze.
NEW YORK — US aerospace giant Boeing has reported higher quarterly profits, capping a record year of commercial aircraft orders and deliveries.
STOCKHOLM — Swedish fashion giant H&M says net profits for 2014 rose almost a fifth and pledged to speed up its global expansion.
ZURICH — Swiss pharmaceutical giant Roche says its net profit has dropped 16 per cent in 2014 due to debt restructuring despite higher sales.
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