HERE are 11 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is slightly higher in
cautious trade as traders wait for the outcome of the debt negotiations
between Greece and her international creditors. At 0630 AEST on Friday,
the local unit was trading at 77.39 US cents, up from 77.30 cents on
Thursday.
2. SYDNEY — And the Australian market looks set to open lower after losses on Wall Street overnight. At 0705 AEST on Friday, the September share price index futures contract was down six points at 5,556.
3. BRUSSELS — Greece and its EU-IMF creditors have failed to break the deadlock in emergency talks to reach a bailout deal, raising fresh fears of a default by Athens that could send it crashing out of the euro.
4. WASHINGTON — Average long-term US mortgage rates were mixed this week, marking slight increases or declines but remaining close to high levels for the year.
5. NEW YORK — Suzanne Greco will officially take over as president at Subway as her brother, the co-founder of the sandwich chain, is treated for leukaemia.
6. HONG KONG — Hong
Kong has rejected budget airline Jetstar Hong Kong’s application for a
licence to operate, saying its primary place of business was not in the
southern Chinese city.
7. WASHINGTON — New claims for US unemployment insurance benefits have risen slightly in the last week but remain at a low level as the jobs market improves.
8. WASHINGTON — The popular online dating app Tinder is breaking free as part of a spin-off by its parent company.
9. PARIS — Protests against ride-booking app Uber have turned violent in France as cabbies torched cars, blocked roads and attacked a vehicle carrying American rocker Courtney Love.
10. STOCKHOLM — Swedish fashion giant Hennes and Mauritz (H&M) has reported an 11-per cent rise in its second quarter net profit on the back of a 20-per cent jump in sales, but warned of the impact of a strengthening US dollar.
11. TOKYO — Toyota and Nissan, Japan’s two top car makers, have expanded their global car recall by more than three million vehicles to replace potentially deadly airbags that have already been linked to eight deaths.
2. SYDNEY — And the Australian market looks set to open lower after losses on Wall Street overnight. At 0705 AEST on Friday, the September share price index futures contract was down six points at 5,556.
3. BRUSSELS — Greece and its EU-IMF creditors have failed to break the deadlock in emergency talks to reach a bailout deal, raising fresh fears of a default by Athens that could send it crashing out of the euro.
4. WASHINGTON — Average long-term US mortgage rates were mixed this week, marking slight increases or declines but remaining close to high levels for the year.
5. NEW YORK — Suzanne Greco will officially take over as president at Subway as her brother, the co-founder of the sandwich chain, is treated for leukaemia.
6. HONG KONG — Hong
Kong has rejected budget airline Jetstar Hong Kong’s application for a
licence to operate, saying its primary place of business was not in the
southern Chinese city.7. WASHINGTON — New claims for US unemployment insurance benefits have risen slightly in the last week but remain at a low level as the jobs market improves.
8. WASHINGTON — The popular online dating app Tinder is breaking free as part of a spin-off by its parent company.
9. PARIS — Protests against ride-booking app Uber have turned violent in France as cabbies torched cars, blocked roads and attacked a vehicle carrying American rocker Courtney Love.
10. STOCKHOLM — Swedish fashion giant Hennes and Mauritz (H&M) has reported an 11-per cent rise in its second quarter net profit on the back of a 20-per cent jump in sales, but warned of the impact of a strengthening US dollar.
11. TOKYO — Toyota and Nissan, Japan’s two top car makers, have expanded their global car recall by more than three million vehicles to replace potentially deadly airbags that have already been linked to eight deaths.
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