THE Australian dollar has weakened
following Wednesday’s disappointing economic growth figures and a
resurgence of the US dollar.
At 0630 AEDT on Thursday, the local currency was trading at 78.14 US cents, down from 78.23 cents on Wednesday.
And the Australian share market looks set to open flat after falls on Wall Street following dull US data on hiring and vehicle sales underscored the feeling of caution.
At 0645 AEDT on Thursday, the share price index futures contract was down one point at 5,882.
ELSEWHERE:
WASHINGTON — US private-sector firms hired new staff at a modest pace in February, but the previous two months were much better than previously reported, payrolls company ADP says.
LONDON — The 19-country eurozone’s economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the US.
LONDON — Britain’s state-rescued Royal Bank of Scotland will axe up to 14,000 jobs by 2019 in a retreat from investment banking, the Financial Times reports.
LUXEMBOURG — Britain has won a court challenge
against a European Central Bank ruling that required banks to base
clearing houses dealing with euros in the eurozone.
NEW YORK — US oil giant ExxonMobil says it will reduce investment spending by nearly 12 per cent this year in response to lower crude-oil prices.
PARIS — French nuclear group Areva has confirmed record net losses in 2014 of 4.8 billion euros ($A6.86 billion) after it was forced to absorb costs linked to project delays.
HONG KONG — Asia-focused Standard Chartered bank says net profit fell 37 per cent in 2014, the second consecutive year of decline, almost a week after announcing two of its top bosses would leave in a reshuffle aimed at transforming its fortunes.
WASHINGTON — Fast-food giant McDonald’s says it will stop serving chicken raised with antibiotics that are important to human health, as worries grow over resistance to crucial drugs.
 |
| Britain’s state-rescued Royal Bank of Scotland will axe up to 14,000 jobs by 2019 in a retreat from investment banking, the Financial Times reports. |
At 0630 AEDT on Thursday, the local currency was trading at 78.14 US cents, down from 78.23 cents on Wednesday.
And the Australian share market looks set to open flat after falls on Wall Street following dull US data on hiring and vehicle sales underscored the feeling of caution.
At 0645 AEDT on Thursday, the share price index futures contract was down one point at 5,882.
ELSEWHERE:
WASHINGTON — US private-sector firms hired new staff at a modest pace in February, but the previous two months were much better than previously reported, payrolls company ADP says.
LONDON — The 19-country eurozone’s economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the US.
LONDON — Britain’s state-rescued Royal Bank of Scotland will axe up to 14,000 jobs by 2019 in a retreat from investment banking, the Financial Times reports.
NEW YORK — US oil giant ExxonMobil says it will reduce investment spending by nearly 12 per cent this year in response to lower crude-oil prices.
PARIS — French nuclear group Areva has confirmed record net losses in 2014 of 4.8 billion euros ($A6.86 billion) after it was forced to absorb costs linked to project delays.
HONG KONG — Asia-focused Standard Chartered bank says net profit fell 37 per cent in 2014, the second consecutive year of decline, almost a week after announcing two of its top bosses would leave in a reshuffle aimed at transforming its fortunes.
WASHINGTON — Fast-food giant McDonald’s says it will stop serving chicken raised with antibiotics that are important to human health, as worries grow over resistance to crucial drugs.
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