HERE are 9 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is higher after the US dollar weakened in overnight trade amid an absence of fresh economic data. At 0630 AEST on Tuesday, the local unit was trading at 77.03 US cents, up from 76.96 cents on Friday.
2. SYDNEY — And the Australian share market looks set to open lower, following falls on Wall Street overnight. At 0654 AEST on Tuesday, the June share price index futures contract was down 25 points at 5,477.
3. ELMAU CASTLE, Germany — US President Barack Obama has weighed in on the Greece crisis during the G7 summit in Germany, telling leaders they need to make difficult choices to save the country from a default and possible messy euro exit.
4. BEIJING — Chinese imports have fallen for a seventh straight month in May while exports also sank, official data shows, as the world’s second biggest economy shows protracted weakness despite government easing measures.
5. NEW YORK — US economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth from exceeding last year’s 2.4 per cent, according to a forecast by a group of US business economists.
6. TOKYO — Japan’s economy grew much more than initially thought in the first quarter, revised data shows, driven by stronger capital spending.
7. BERLIN — Germany’s trade surplus widened in April from the previous month as exports grew by 1.9 per cent, official data shows.
8. LONDON — The number of passengers carried by world airlines is expected to top the 3.5 billion mark for the first time this year.
9. SAN FRANCISCO — Apple has unveiled a subscription streaming music service that could be a powerful rival to online services such as Spotify and Pandora.
1. SYDNEY — The Australian dollar is higher after the US dollar weakened in overnight trade amid an absence of fresh economic data. At 0630 AEST on Tuesday, the local unit was trading at 77.03 US cents, up from 76.96 cents on Friday.
2. SYDNEY — And the Australian share market looks set to open lower, following falls on Wall Street overnight. At 0654 AEST on Tuesday, the June share price index futures contract was down 25 points at 5,477.
3. ELMAU CASTLE, Germany — US President Barack Obama has weighed in on the Greece crisis during the G7 summit in Germany, telling leaders they need to make difficult choices to save the country from a default and possible messy euro exit.
4. BEIJING — Chinese imports have fallen for a seventh straight month in May while exports also sank, official data shows, as the world’s second biggest economy shows protracted weakness despite government easing measures.
5. NEW YORK — US economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth from exceeding last year’s 2.4 per cent, according to a forecast by a group of US business economists.
6. TOKYO — Japan’s economy grew much more than initially thought in the first quarter, revised data shows, driven by stronger capital spending.
7. BERLIN — Germany’s trade surplus widened in April from the previous month as exports grew by 1.9 per cent, official data shows.
8. LONDON — The number of passengers carried by world airlines is expected to top the 3.5 billion mark for the first time this year.
9. SAN FRANCISCO — Apple has unveiled a subscription streaming music service that could be a powerful rival to online services such as Spotify and Pandora.
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