HERE are eight things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar has levelled off after enjoying a strong rally on the back of retail spending figures, which showed signs of improvement. At 0700 AEST on Thursday, the local unit was trading at 79.74 US cents, up from 79.72 cents on Wednesday.
2. SYDNEY — And the Australian share market looks set to open lower after US stocks lost ground overnight. At 0651 AEST on Thursday, the June share price index futures contract was down 24 points at 5,631.
3. BRUSSELS — The EU, ECB and IMF have hit back at accusations by Athens that internal rifts were blocking a bailout deal, saying they shared the same objective of securing a hard-won settlement.
4. WASHINGTON — Federal Reserve Chair Janet Yellen has warned that US stock market valuations are “quite high” and pose “potential dangers” to financial stability.
5. NEW YORK — Alexion Pharmaceuticals will buy rival Synageva BioPharma in an $US8.4 billion ($A10.58 billion) cash-and-stock deal that will bolster Alexion’s business in treatments for rare diseases, the US companies have announced.
6. LONDON — British drugmaker GlaxoSmithKline
says its net profit rocketed in the first quarter on a vast exceptional
gain following a deal with Swiss peer Novartis.
7. FRANKFURT — German insurance giant Allianz says it is confident for the whole of 2015 after it got off to a good start in the first three months.
8. BRUSSELS — The world’s biggest brewer, Anheuser-Busch InBev, has reported a sharp increase in first-quarter profits as more effective brand management produced improved margins in a tough market.
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| The world’s biggest brewer, Anheuser-Busch, has reported a sharp increase in profits. |
1. SYDNEY — The Australian dollar has levelled off after enjoying a strong rally on the back of retail spending figures, which showed signs of improvement. At 0700 AEST on Thursday, the local unit was trading at 79.74 US cents, up from 79.72 cents on Wednesday.
2. SYDNEY — And the Australian share market looks set to open lower after US stocks lost ground overnight. At 0651 AEST on Thursday, the June share price index futures contract was down 24 points at 5,631.
3. BRUSSELS — The EU, ECB and IMF have hit back at accusations by Athens that internal rifts were blocking a bailout deal, saying they shared the same objective of securing a hard-won settlement.
4. WASHINGTON — Federal Reserve Chair Janet Yellen has warned that US stock market valuations are “quite high” and pose “potential dangers” to financial stability.
5. NEW YORK — Alexion Pharmaceuticals will buy rival Synageva BioPharma in an $US8.4 billion ($A10.58 billion) cash-and-stock deal that will bolster Alexion’s business in treatments for rare diseases, the US companies have announced.
7. FRANKFURT — German insurance giant Allianz says it is confident for the whole of 2015 after it got off to a good start in the first three months.
8. BRUSSELS — The world’s biggest brewer, Anheuser-Busch InBev, has reported a sharp increase in first-quarter profits as more effective brand management produced improved margins in a tough market.
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