HERE are 13 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is lower amid worries about Greece’s negotiations with its creditors and speculation the that there will be a US interest rate rise this year. At 0630 AEST on Wednesday, the local unit was trading at 77.37 US cents, down from 77.96 cents on Tuesday..
2. SYDNEY — And The Australian stock market looks set to open lower following sharp losses on Wall Street. At 0650 AEST on Wednesday, the June share price index futures contract was down 30 points at 5,748.
3. WASHINGTON — US consumer confidence edged higher in May but remained soft compared to the beginning of the year, the Conference Board says.
4. WASHINGTON — Orders for US durable goods fell 0.5 per cent in April, reversing March’s strong surge mainly on the back of falling aircraft orders, the Commerce Department has reported.
5. BEIJING — China’s yuan currency, which Washington has long
alleged was manipulated, is “no longer undervalued”, the International
Monetary Fund has said.
6. ATHENS — Greece’s outspoken Finance Minister Yanis Varoufakis has urged the country’s international creditors to “get their act together” and help cobble together a new loan deal before the struggling nation’s money runs out.
7. DUBLIN — The Irish government is to sell its 25-per cent stake in flag carrier Aer Lingus to British Airways owner International Airlines Group, the transport minister has said.
8. WASHINGTON — Sales of new US homes rebounded in April after March’s plunge, with prices rising to their highest level since the beginning of 2014, the Commerce Department says.
9. MUMBAI — India’s largest carmaker Tata Motors reported a 56 per cent slump in quarterly net profit due to weak earnings from its luxury British unit and sluggish domestic sales.
10. THE HAGUE — Top Dutch bank ING has announced it is selling 45 million ordinary shares in NN Group, thereby relinquishing its majority stake in the giant insurer.
11. NEW YORK — They’re not Hollywood stars, they’re not TV personalities and they don’t play in a rock band, but their pay packages are in the same league.
12. SAN FRANCISCO — Twitter launched its Periscope application on Android-powered devices on Tuesday as the battle for live-streaming video spread to the world’s leading smartphone platform.
13. NEW YORK — US regulators fined Deutsche Bank $55 million Tuesday for misstating important financial data on loss risks during the financial crisis in 2008.
1. SYDNEY — The Australian dollar is lower amid worries about Greece’s negotiations with its creditors and speculation the that there will be a US interest rate rise this year. At 0630 AEST on Wednesday, the local unit was trading at 77.37 US cents, down from 77.96 cents on Tuesday..
2. SYDNEY — And The Australian stock market looks set to open lower following sharp losses on Wall Street. At 0650 AEST on Wednesday, the June share price index futures contract was down 30 points at 5,748.
3. WASHINGTON — US consumer confidence edged higher in May but remained soft compared to the beginning of the year, the Conference Board says.
4. WASHINGTON — Orders for US durable goods fell 0.5 per cent in April, reversing March’s strong surge mainly on the back of falling aircraft orders, the Commerce Department has reported.
5. BEIJING — China’s yuan currency, which Washington has long
alleged was manipulated, is “no longer undervalued”, the International
Monetary Fund has said.6. ATHENS — Greece’s outspoken Finance Minister Yanis Varoufakis has urged the country’s international creditors to “get their act together” and help cobble together a new loan deal before the struggling nation’s money runs out.
7. DUBLIN — The Irish government is to sell its 25-per cent stake in flag carrier Aer Lingus to British Airways owner International Airlines Group, the transport minister has said.
8. WASHINGTON — Sales of new US homes rebounded in April after March’s plunge, with prices rising to their highest level since the beginning of 2014, the Commerce Department says.
9. MUMBAI — India’s largest carmaker Tata Motors reported a 56 per cent slump in quarterly net profit due to weak earnings from its luxury British unit and sluggish domestic sales.
10. THE HAGUE — Top Dutch bank ING has announced it is selling 45 million ordinary shares in NN Group, thereby relinquishing its majority stake in the giant insurer.
11. NEW YORK — They’re not Hollywood stars, they’re not TV personalities and they don’t play in a rock band, but their pay packages are in the same league.
12. SAN FRANCISCO — Twitter launched its Periscope application on Android-powered devices on Tuesday as the battle for live-streaming video spread to the world’s leading smartphone platform.
13. NEW YORK — US regulators fined Deutsche Bank $55 million Tuesday for misstating important financial data on loss risks during the financial crisis in 2008.
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