HERE are 10 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is lower after the US dollar gained on the back of strong inflations figures. At 0630 AEST on Monday, the local unit was trading at 78.26 US cents, down from 79.12 cents on Friday.
2. SYDNEY — The Australian market looks set to open lower following falls on Wall Street on Friday. The June share price index futures contract was down nine points at 5,6732.
3. WASHINGTON — Janet Yellen expects the Federal Reserve to begin raising interest rates “at some point this year,” saying delaying the long-awaited move risks the economy overheating.
4. ATHENS — Athens will be unable to repay the IMF on schedule next month, a Greek government minister says, reiterating previous warnings by officials during tense talks with the country’s creditors.
5. ATHENS — Cash-strapped Greeks remain supportive of the
leftist government’s tough negotiating style, but hope for a deal with
creditors that will keep the euro in their wallets, a new poll shows.
6. SINTRA, Portugal — European Central Bank President Mario Draghi says it is time for eurozone governments to launch reforms, warning that growing structural differences were dangerous for the monetary union.
7. SINTRA — The economic skies above Europe are clearing after the long years of crisis and governments should take advantage of this to get their economies in order, says European Central Bank president Mario Draghi.
8. MANILA — Negotiations to form the trans-Pacific Partnership (TPP) free trade zone are in the “endgame”, according to US Trade Representative Mike Froman.
9. BERLIN — Online retailer Amazon has started paying tax on profits from its sales to German customers in Germany instead of in Luxembourg.
10. WASHINGTON — As Google faces an antitrust probe from European regulators, some analysts are questioning whether the California tech giant’s dominance has already peaked.
1. SYDNEY — The Australian dollar is lower after the US dollar gained on the back of strong inflations figures. At 0630 AEST on Monday, the local unit was trading at 78.26 US cents, down from 79.12 cents on Friday.
2. SYDNEY — The Australian market looks set to open lower following falls on Wall Street on Friday. The June share price index futures contract was down nine points at 5,6732.
3. WASHINGTON — Janet Yellen expects the Federal Reserve to begin raising interest rates “at some point this year,” saying delaying the long-awaited move risks the economy overheating.
4. ATHENS — Athens will be unable to repay the IMF on schedule next month, a Greek government minister says, reiterating previous warnings by officials during tense talks with the country’s creditors.
6. SINTRA, Portugal — European Central Bank President Mario Draghi says it is time for eurozone governments to launch reforms, warning that growing structural differences were dangerous for the monetary union.
7. SINTRA — The economic skies above Europe are clearing after the long years of crisis and governments should take advantage of this to get their economies in order, says European Central Bank president Mario Draghi.
8. MANILA — Negotiations to form the trans-Pacific Partnership (TPP) free trade zone are in the “endgame”, according to US Trade Representative Mike Froman.
9. BERLIN — Online retailer Amazon has started paying tax on profits from its sales to German customers in Germany instead of in Luxembourg.
10. WASHINGTON — As Google faces an antitrust probe from European regulators, some analysts are questioning whether the California tech giant’s dominance has already peaked.
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