HERE are 10 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is lower as the US central bank indicated its key interest rate will remain steady for some months to come. At 0630 AEST on Thursday, the local unit as trading at 78.76 US cents, down from 78.93 US cents on Wednesday.
2. SYDNEY — And the Australian share market looks set to open modestly higher despite a flat session on Wall Street. At 0645 AEST on Thursday, the June share price index futures contract was up 18 points at 5,623.
3. WASHINGTON — Federal Reserve policy makers do not expect to increase its key interest rate in June, minutes from the April 28-29 policy meeting have revealed.
4. WASHINGTON — US securities regulators have hit Australia’s mining giant BHP Billiton with a $US25 million ($A31.6 million) penalty for violating a bribery law by treating foreign officials to trips to the 2008 Summer Olympics.
5. MADRID — Spain plans to pay back 2.5 billion euros ($A3.52
billion) in bailout loans it received in 2012 from the European Union
to bolster its ailing banks, the economy ministry says.
6. NEW YORK — US and British regulators have fined six major global banks nearly $US6 billion ($A7.6 billion) Thursday for rigging the foreign exchange market and Libor interest rates.
7. ZURICH — Swiss banking giant UBS says it will plead guilty to fraud in the US for manipulating benchmark interest rates and pay $US203 million ($A256.46 million), but has escaped prosecution for foreign exchange manipulation.
8. GENEVA — The World Trade Organisation has agreed to create a single panel of experts to study complaints from the United States and New Zealand over Indonesia’s import rules for agricultural products.
9. FRANKFURT — German rail travel has been paralysed by an open-ended strike, the ninth stoppage in less than a year, as the government prepares a law to stop small unions from bringing entire sectors to a standstill.
10. NEW YORK — Streaming leader Spotify has announced an entry into video and original content, hoping to expand its reach beyond music.
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| Streaming leader Spotify has announced an entry into video. |
1. SYDNEY — The Australian dollar is lower as the US central bank indicated its key interest rate will remain steady for some months to come. At 0630 AEST on Thursday, the local unit as trading at 78.76 US cents, down from 78.93 US cents on Wednesday.
2. SYDNEY — And the Australian share market looks set to open modestly higher despite a flat session on Wall Street. At 0645 AEST on Thursday, the June share price index futures contract was up 18 points at 5,623.
3. WASHINGTON — Federal Reserve policy makers do not expect to increase its key interest rate in June, minutes from the April 28-29 policy meeting have revealed.
4. WASHINGTON — US securities regulators have hit Australia’s mining giant BHP Billiton with a $US25 million ($A31.6 million) penalty for violating a bribery law by treating foreign officials to trips to the 2008 Summer Olympics.
6. NEW YORK — US and British regulators have fined six major global banks nearly $US6 billion ($A7.6 billion) Thursday for rigging the foreign exchange market and Libor interest rates.
7. ZURICH — Swiss banking giant UBS says it will plead guilty to fraud in the US for manipulating benchmark interest rates and pay $US203 million ($A256.46 million), but has escaped prosecution for foreign exchange manipulation.
8. GENEVA — The World Trade Organisation has agreed to create a single panel of experts to study complaints from the United States and New Zealand over Indonesia’s import rules for agricultural products.
9. FRANKFURT — German rail travel has been paralysed by an open-ended strike, the ninth stoppage in less than a year, as the government prepares a law to stop small unions from bringing entire sectors to a standstill.
10. NEW YORK — Streaming leader Spotify has announced an entry into video and original content, hoping to expand its reach beyond music.
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