HERE are 10 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is weaker against the greenback as the focus for global markets remains Greece’s debt emergency. At 0630 AEST on Monday, the Aussie was trading at 74.20 US cents, down from 74.69 cents on Friday.
2. SYDNEY — And the Australian share market looks set to open higher after US and European stocks surged as the latest bailout proposal from Greece lifted hopes for a breakthrough with creditors. At 0645 AEST on Monday, the September share price index futures contract was up 35 points at 5,472.
3. BRUSSELS — Eurozone leaders have set Greece brutal take-it-or-leave-it conditions for a desperately needed bailout deal as an exit from the single currency loomed ever larger.
4. BRUSSELS — Divided eurozone leaders have clashed over the fate of Greece with a catastrophic exit from the single currency looming large as they struggled to reach a bailout deal with debt-hit Athens.
5. BRUSSELS — German Chancellor Angela Merkel has warned that a Greek bailout deal will not come “at any price” as she entered a eurozone summit aimed at bridging gaps on how to keep Greece in the single currency.
6. BRUSSELS — A planned meeting of European Union leaders has been cancelled as crisis talks continue about Greece’s place in the single currency zone.
7. ATHENS — Greece will maintain capital controls for “months”, though the country’s shuttered banks will reopen within a week if Athens reaches a bailout deal at an upcoming European Union summit, the country’s economy minister says.
8. JAKARTA — Indonesia is seeking to rejoin OPEC to get access to cheaper oil supplies as demand soars and domestic production falls, but critics say the move is an unwelcome distraction from efforts to overhaul the country’s troubled energy sector.
9. PARIS — France’s Socialist government has cleared a final legislative hurdle on an economic reform bill that will make lay-offs easier and lets stores stay open more often to boost job creation and growth.
10. TOKYO — An accounting scandal involving massive Japanese conglomerate Toshiba has deepened as reports say the company’s president is likely be forced to resign.
1. SYDNEY — The Australian dollar is weaker against the greenback as the focus for global markets remains Greece’s debt emergency. At 0630 AEST on Monday, the Aussie was trading at 74.20 US cents, down from 74.69 cents on Friday.
2. SYDNEY — And the Australian share market looks set to open higher after US and European stocks surged as the latest bailout proposal from Greece lifted hopes for a breakthrough with creditors. At 0645 AEST on Monday, the September share price index futures contract was up 35 points at 5,472.
3. BRUSSELS — Eurozone leaders have set Greece brutal take-it-or-leave-it conditions for a desperately needed bailout deal as an exit from the single currency loomed ever larger.
4. BRUSSELS — Divided eurozone leaders have clashed over the fate of Greece with a catastrophic exit from the single currency looming large as they struggled to reach a bailout deal with debt-hit Athens.
5. BRUSSELS — German Chancellor Angela Merkel has warned that a Greek bailout deal will not come “at any price” as she entered a eurozone summit aimed at bridging gaps on how to keep Greece in the single currency.
6. BRUSSELS — A planned meeting of European Union leaders has been cancelled as crisis talks continue about Greece’s place in the single currency zone.
7. ATHENS — Greece will maintain capital controls for “months”, though the country’s shuttered banks will reopen within a week if Athens reaches a bailout deal at an upcoming European Union summit, the country’s economy minister says.
8. JAKARTA — Indonesia is seeking to rejoin OPEC to get access to cheaper oil supplies as demand soars and domestic production falls, but critics say the move is an unwelcome distraction from efforts to overhaul the country’s troubled energy sector.
9. PARIS — France’s Socialist government has cleared a final legislative hurdle on an economic reform bill that will make lay-offs easier and lets stores stay open more often to boost job creation and growth.
10. TOKYO — An accounting scandal involving massive Japanese conglomerate Toshiba has deepened as reports say the company’s president is likely be forced to resign.
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