HERE are 10 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is slightly lower after a quiet night of trade on financial markets. At 0630 AEST on Thursday, the local unit was trading at 78.89 US cents, down from 79.00 US cents on Thursday.
2. SYDNEY — And the Australian share market looks set to open higher after Wall Street hit another record high. At 0700 AEST on Friday, the June share price index futures contract was up 19 points at 5,685.
3. WASHINGTON — US existing-home sales slowed in April from March as supplies tightened and prices mounted, the National Association of Realtors says.
4. WASHINGTON — New claims for US unemployment insurance benefits rose more than expected last week but overall kept at a 15-year low.
5. NEW YORK — CVS Health Corp, the US pharmacy benefits giant and drugstore chain, says it is buying Omnicare for $US12.7 billion ($A16.13 billion) to expand its services to seniors.
6. NEW YORK —
Hewlett-Packard has announced it is selling a 51 per cent stake in its
China-based server business, creating a joint venture with Tsinghua
Holdings that will be a sector leader in China.
7. BRUSSELS — The eurozone economy has shows unexpected signs of fragility in May, a key survey says, in a blow to hopes of a swift recovery and despite a welcome increase in employment.
8. TOKYO — Japan’s Prime Minister Shinzo Abe has announced a $US110 billion ($A139.70 billion) investment plan for infrastructure projects in Asia in an apparent counter to China’s move to launch a new development bank.
9. PARIS — The gap between the rich and poor in most of the world’s advanced economies is at record levels, according to an OECD study that also found glaring differences between men and women.
10. WASHINGTON — Average long-term US mortgage rates have edged slightly lower this week after rising for three straight weeks.
1. SYDNEY — The Australian dollar is slightly lower after a quiet night of trade on financial markets. At 0630 AEST on Thursday, the local unit was trading at 78.89 US cents, down from 79.00 US cents on Thursday.
2. SYDNEY — And the Australian share market looks set to open higher after Wall Street hit another record high. At 0700 AEST on Friday, the June share price index futures contract was up 19 points at 5,685.
3. WASHINGTON — US existing-home sales slowed in April from March as supplies tightened and prices mounted, the National Association of Realtors says.
4. WASHINGTON — New claims for US unemployment insurance benefits rose more than expected last week but overall kept at a 15-year low.
5. NEW YORK — CVS Health Corp, the US pharmacy benefits giant and drugstore chain, says it is buying Omnicare for $US12.7 billion ($A16.13 billion) to expand its services to seniors.
7. BRUSSELS — The eurozone economy has shows unexpected signs of fragility in May, a key survey says, in a blow to hopes of a swift recovery and despite a welcome increase in employment.
8. TOKYO — Japan’s Prime Minister Shinzo Abe has announced a $US110 billion ($A139.70 billion) investment plan for infrastructure projects in Asia in an apparent counter to China’s move to launch a new development bank.
9. PARIS — The gap between the rich and poor in most of the world’s advanced economies is at record levels, according to an OECD study that also found glaring differences between men and women.
10. WASHINGTON — Average long-term US mortgage rates have edged slightly lower this week after rising for three straight weeks.
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