HERE are nine things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar has broken past the US 81 cent mark, helped by weakness in the greenback which fell to a four month low overnight. At 0630 AEST on Thursday, the local unit was trading at 81.03 US cents, up from 79.77 US cents on Wednesday.
2. SYDNEY — And the Australian stock market looks set to open lower, following a flat lead from Wall Street. At 0653 AEST on Thursday, the June share price index futures contract was down 23 points at 5,682.
3. WASHINGTON — US shoppers kept their spending in check in April, as modest wage growth over the past year continues to keep retail sales flat.
4. BRUSSELS — The eurozone economy expanded by 0.4 per cent in the first quarter, official EU data showed.
5. LONDON — The Bank of England (BoE) has downgraded its forecast for annual UK economic growth for 2015 and the following two years.
6. LONDON — Britain’s unemployment has dipped to a seven-year low of 1.83 million, official figures show.
7. MILAN — Italy has edged its way out of recession with stronger than expected 0.3 per cent growth in the first quarter of 2015, new figures show.
8. LONDON — British drinks giant SABMiller has posted sliding annual net profits on the back of the strong US dollar and a weak performance in China and North America.
9. TOKYO — Toyota and rival Nissan will recall of about 6.5 million vehicles globally in the latest chapter of an exploding airbag crisis linked to at least five deaths.
1. SYDNEY — The Australian dollar has broken past the US 81 cent mark, helped by weakness in the greenback which fell to a four month low overnight. At 0630 AEST on Thursday, the local unit was trading at 81.03 US cents, up from 79.77 US cents on Wednesday.
2. SYDNEY — And the Australian stock market looks set to open lower, following a flat lead from Wall Street. At 0653 AEST on Thursday, the June share price index futures contract was down 23 points at 5,682.
3. WASHINGTON — US shoppers kept their spending in check in April, as modest wage growth over the past year continues to keep retail sales flat.
4. BRUSSELS — The eurozone economy expanded by 0.4 per cent in the first quarter, official EU data showed.5. LONDON — The Bank of England (BoE) has downgraded its forecast for annual UK economic growth for 2015 and the following two years.
6. LONDON — Britain’s unemployment has dipped to a seven-year low of 1.83 million, official figures show.
7. MILAN — Italy has edged its way out of recession with stronger than expected 0.3 per cent growth in the first quarter of 2015, new figures show.
8. LONDON — British drinks giant SABMiller has posted sliding annual net profits on the back of the strong US dollar and a weak performance in China and North America.
9. TOKYO — Toyota and rival Nissan will recall of about 6.5 million vehicles globally in the latest chapter of an exploding airbag crisis linked to at least five deaths.
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