HERE are 10 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is higher as Greece hurtles towards a debt default and possible exit from the eurozone. At 0630 AEST on Tuesday, the local unit was trading at 76.87 US cents, up from 76.59 cents on Monday.
2. SYDNEY — And the Australian share market looks set to open lower after Wall Street international markets fell amid concern over Greece’s debt and its possible exit from the eurozone. At 0645 AEST on Tuesday, the June share price index futures contract was down 35 points at 5,344.
3. BRUSSELS — European leaders have pleaded with Greek voters to back hotly disputed bailout proposals in a crunch referendum or face leaving the euro.
4. THE HAGUE — The door remains open for Greece despite the breakdown of bailout talks over the weekend, Eurogroup head Jeroen Dijsselbloem says, adding that it is still “conceivable” to avoid a Grexit.
5. SAN JUAN — Puerto Rico’s governor is preparing to share some very bad news with the rest of the US commonwealth: it owes around $US72 billion ($A94.47 billion) in debt and cannot pay.
6. WASHINGTON — US pending home sales rose for the fifth straight month in May, hitting the strongest annual pace in over nine years amid solid nationwide gains.
7. PARIS — The two leaders of Uber in France have reportedly been taken into custody as part of a probe into their ride-booking app which has sparked violent protests from regular taxi drivers.
8. RIO DE JANEIRO — Brazil’s state oil giant Petrobras has slashed its five-year investment plan by 37 per cent as part of efforts to recover from a massive corruption scandal.
9. NEW YORK — Food services company Sysco has given up its plan to acquire US Foods after antitrust regulators blocked the proposed deal in a US court.
10. NEW YORK — General Electric says it has agreed to sell its vehicle fleet management and financing services in the United States and three other countries to Canadian firm Element Financial for $US6.9 billion ($A9.05 billion).
1. SYDNEY — The Australian dollar is higher as Greece hurtles towards a debt default and possible exit from the eurozone. At 0630 AEST on Tuesday, the local unit was trading at 76.87 US cents, up from 76.59 cents on Monday.
2. SYDNEY — And the Australian share market looks set to open lower after Wall Street international markets fell amid concern over Greece’s debt and its possible exit from the eurozone. At 0645 AEST on Tuesday, the June share price index futures contract was down 35 points at 5,344.
3. BRUSSELS — European leaders have pleaded with Greek voters to back hotly disputed bailout proposals in a crunch referendum or face leaving the euro.
4. THE HAGUE — The door remains open for Greece despite the breakdown of bailout talks over the weekend, Eurogroup head Jeroen Dijsselbloem says, adding that it is still “conceivable” to avoid a Grexit.
5. SAN JUAN — Puerto Rico’s governor is preparing to share some very bad news with the rest of the US commonwealth: it owes around $US72 billion ($A94.47 billion) in debt and cannot pay.
6. WASHINGTON — US pending home sales rose for the fifth straight month in May, hitting the strongest annual pace in over nine years amid solid nationwide gains.
7. PARIS — The two leaders of Uber in France have reportedly been taken into custody as part of a probe into their ride-booking app which has sparked violent protests from regular taxi drivers.
8. RIO DE JANEIRO — Brazil’s state oil giant Petrobras has slashed its five-year investment plan by 37 per cent as part of efforts to recover from a massive corruption scandal.
9. NEW YORK — Food services company Sysco has given up its plan to acquire US Foods after antitrust regulators blocked the proposed deal in a US court.
10. NEW YORK — General Electric says it has agreed to sell its vehicle fleet management and financing services in the United States and three other countries to Canadian firm Element Financial for $US6.9 billion ($A9.05 billion).
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