HERE are five things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is slightly lower against a strengthening US dollar, and is following European markets lower. At 0630 AEST on Tuesday, the local unit was trading at 78.25 US cents, down from 78.31 cents on Monday.
2. SYDNEY — The Australian market looks set to open slightly lower after US and most European markets were closed for public holidays on Monday. At 0655 AEST on Tuesday, the June share price index futures contract was down four points at 5,722.
3. ATHENS — Struggling Greece will keep repaying its EU-IMF creditors for as long as it can, with some 300 million euros ($A421.88 million) due next week and no deal in talks over the country’s remaining bailout funds.
4. LOS ANGELES — Charter Communications is close to buying Time Warner Cable for about $US55 billion ($A70.27 billion), according to sources familiar with the negotiations.
5. ABUJA — Nigeria’s major petrol distributors have agreed to end a devastating strike that has largely shut down Africa’s biggest economy.
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| Charter Communications is close to buying Time Warner Cable. |
1. SYDNEY — The Australian dollar is slightly lower against a strengthening US dollar, and is following European markets lower. At 0630 AEST on Tuesday, the local unit was trading at 78.25 US cents, down from 78.31 cents on Monday.
2. SYDNEY — The Australian market looks set to open slightly lower after US and most European markets were closed for public holidays on Monday. At 0655 AEST on Tuesday, the June share price index futures contract was down four points at 5,722.
3. ATHENS — Struggling Greece will keep repaying its EU-IMF creditors for as long as it can, with some 300 million euros ($A421.88 million) due next week and no deal in talks over the country’s remaining bailout funds.
4. LOS ANGELES — Charter Communications is close to buying Time Warner Cable for about $US55 billion ($A70.27 billion), according to sources familiar with the negotiations.
5. ABUJA — Nigeria’s major petrol distributors have agreed to end a devastating strike that has largely shut down Africa’s biggest economy.
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