HERE are 12 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is higher after the Reserve Bank kept the cash rate unchanged at its board meeting on Tuesday. At 0700 AEST on Wednesday, the local unit was trading at 77.74 US cents, up from 77.00 cents on Tuesday.
2. SYDNEY — And the Australian stock market looks set to open higher following gains in commodity prices overnight. At 0700 AEST on Wednesday, the June share price index futures contract was up 18 points at 5,641.
3. BRUSSELS — The EU has hailed as a positive step the exchange of proposals between Greece and its international creditors, with time running out to strike a deal in make-or-break bailout talks.
4. WASHINGTON — US factory orders tumbled in April, a sign that manufacturers are struggling amid a stronger dollar and cheaper oil.
5. CHICAGO — US auto sales continued to grow at a solid pace in May with low fuel prices boosting demand for trucks and sport utility vehicles, industry data shows.
6. BRUSSELS — Inflation in the eurozone has
climbed to 0.3 per cent in May, official data shows, further pulling
away from declining prices and reviving hopes of economic recovery in
Europe.
7. BRASLIA — Brazil is bracing for a sixth straight interest rate hike as the central bank prepares to step up efforts to tackle rising inflation amid an economic downturn.
8. PARIS — French arms exports rose 18 per cent in 2014, the country’s best export performance for 15 years.
9. PARIS — Facebook has announced the opening of a new artificial intelligence lab in Paris to expand a push to make its online social network smarter and more profitable.
10. RIO DE JANEIRO — Brazil’s troubled state-run oil giant Petrobras has issued $US2.5 billion ($A3.29 billion) in bonds as it tapped the market for the first since a corruption scandal cost it a bundle.
11. PARIS — Expanding telecom group Altice has completed the 7.4 billion euros ($A10.63 billion) acquisition of Portugal Telecom from Brazilian owner Oi.
12. SAN FRANCISCO — Pinterest says it is diving into e-commerce with ‘pins’ that let people buy items they like at the popular online bulletin-board.
1. SYDNEY — The Australian dollar is higher after the Reserve Bank kept the cash rate unchanged at its board meeting on Tuesday. At 0700 AEST on Wednesday, the local unit was trading at 77.74 US cents, up from 77.00 cents on Tuesday.
2. SYDNEY — And the Australian stock market looks set to open higher following gains in commodity prices overnight. At 0700 AEST on Wednesday, the June share price index futures contract was up 18 points at 5,641.
3. BRUSSELS — The EU has hailed as a positive step the exchange of proposals between Greece and its international creditors, with time running out to strike a deal in make-or-break bailout talks.
4. WASHINGTON — US factory orders tumbled in April, a sign that manufacturers are struggling amid a stronger dollar and cheaper oil.
5. CHICAGO — US auto sales continued to grow at a solid pace in May with low fuel prices boosting demand for trucks and sport utility vehicles, industry data shows.
7. BRASLIA — Brazil is bracing for a sixth straight interest rate hike as the central bank prepares to step up efforts to tackle rising inflation amid an economic downturn.
8. PARIS — French arms exports rose 18 per cent in 2014, the country’s best export performance for 15 years.
9. PARIS — Facebook has announced the opening of a new artificial intelligence lab in Paris to expand a push to make its online social network smarter and more profitable.
10. RIO DE JANEIRO — Brazil’s troubled state-run oil giant Petrobras has issued $US2.5 billion ($A3.29 billion) in bonds as it tapped the market for the first since a corruption scandal cost it a bundle.
11. PARIS — Expanding telecom group Altice has completed the 7.4 billion euros ($A10.63 billion) acquisition of Portugal Telecom from Brazilian owner Oi.
12. SAN FRANCISCO — Pinterest says it is diving into e-commerce with ‘pins’ that let people buy items they like at the popular online bulletin-board.
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