HERE are six things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is higher after the greenback fell in overnight trade following comments from Japan’s central bank governor. At 0630 AEST on Thursday, the local unit was trading at 77.63 US cents, up from 77.17 cents on Wednesday.
2. SYDNEY — And the Australian share market looks set to open higher after a strong lead from the US stock market. At 0645 AEST on Thursday, the June share price index futures contract was up 51 points at 5,526.
3. BRUSSELS — Greek Prime Minister Alexis Tsipras has held last-ditch talks with European leaders in Brussels to seek a breakthrough that could stop Athens going bankrupt by the end of the month.
4. VIENNA — OPEC has stuck to its forecast that oil demand will pick up this year but warned that oversupply may still keep a “ceiling” on oil prices, even as it kept on increasing its own output to a two-year high.
5. LONDON — The British government has announced it will begin selling its Royal Bank of Scotland stake, even though its share price is below what it paid to rescue the bank in a record 2008 bailout.
6. FRANKFURT — German pharmaceuticals and chemicals giant Bayer has agreed to sell its diabetes care business to Panasonic Healthcare Holdings for 1.022 billion euros ($A1.50 billion).
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| Oil demand will pick up this year. |
1. SYDNEY — The Australian dollar is higher after the greenback fell in overnight trade following comments from Japan’s central bank governor. At 0630 AEST on Thursday, the local unit was trading at 77.63 US cents, up from 77.17 cents on Wednesday.
2. SYDNEY — And the Australian share market looks set to open higher after a strong lead from the US stock market. At 0645 AEST on Thursday, the June share price index futures contract was up 51 points at 5,526.
3. BRUSSELS — Greek Prime Minister Alexis Tsipras has held last-ditch talks with European leaders in Brussels to seek a breakthrough that could stop Athens going bankrupt by the end of the month.
4. VIENNA — OPEC has stuck to its forecast that oil demand will pick up this year but warned that oversupply may still keep a “ceiling” on oil prices, even as it kept on increasing its own output to a two-year high.
5. LONDON — The British government has announced it will begin selling its Royal Bank of Scotland stake, even though its share price is below what it paid to rescue the bank in a record 2008 bailout.
6. FRANKFURT — German pharmaceuticals and chemicals giant Bayer has agreed to sell its diabetes care business to Panasonic Healthcare Holdings for 1.022 billion euros ($A1.50 billion).
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