HERE are nine things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is weaker against the greenback after eurozone leaders struck a last-minute deal with Greece on a new debt bailout plan. At 0630 AEST on Tuesday, the Aussie was trading at 74.08 US cents, down from 74.54 cents on Monday.
2. SYDNEY — And the Australian share market looks set to open higher after Wall street surged following an agreement between debt-stricken Greece and its European creditors. At 0645 AEST on Tuesday, the September share price index futures contract was up 93 points at 5,498.
3. BRUSSELS — Eurozone leaders have finally struck a deal on a bailout to prevent debt-stricken Greece from crashing out of the euro, forcing Athens to push through draconian reforms in a matter of days.
4. WASHINGTON — The International Monetary Fund says it is prepared to work with Greece and European Union partners to advance the third bailout effort for the country.
5. LJUBLJANA, Slovenia — NATO has welcomed a bailout deal reached between its “staunch ally” Greece and EU leaders, saying the nation’s economic stability was also vital for the “security” of other NATO countries.
6. WASHINGTON — The White House hailed a bailout deal between the eurozone and Greece as “a credible step” on the long path to economic growth and debt sustainability in the hard-up country.
7. ATHENS — Greece’s public servants are being called to stage a 24-hour strike for Wednesday, the day their country’s parliament is to vote on reforms needed to unlock a crucial eurozone rescue.
8. VIENNA — OPEC has revised upward its forecast for global crude oil demand growth for this year and predicts a further increase for 2016 as the world economy picks up again.
9. DETROIT — General Motors is about to announce that it’s spending more than $US1 billion ($A1.35 billion) on a huge expansion of its SUV factory in Arlington, Texas.
1. SYDNEY — The Australian dollar is weaker against the greenback after eurozone leaders struck a last-minute deal with Greece on a new debt bailout plan. At 0630 AEST on Tuesday, the Aussie was trading at 74.08 US cents, down from 74.54 cents on Monday.
2. SYDNEY — And the Australian share market looks set to open higher after Wall street surged following an agreement between debt-stricken Greece and its European creditors. At 0645 AEST on Tuesday, the September share price index futures contract was up 93 points at 5,498.
3. BRUSSELS — Eurozone leaders have finally struck a deal on a bailout to prevent debt-stricken Greece from crashing out of the euro, forcing Athens to push through draconian reforms in a matter of days.
4. WASHINGTON — The International Monetary Fund says it is prepared to work with Greece and European Union partners to advance the third bailout effort for the country.
5. LJUBLJANA, Slovenia — NATO has welcomed a bailout deal reached between its “staunch ally” Greece and EU leaders, saying the nation’s economic stability was also vital for the “security” of other NATO countries.
6. WASHINGTON — The White House hailed a bailout deal between the eurozone and Greece as “a credible step” on the long path to economic growth and debt sustainability in the hard-up country.
7. ATHENS — Greece’s public servants are being called to stage a 24-hour strike for Wednesday, the day their country’s parliament is to vote on reforms needed to unlock a crucial eurozone rescue.
8. VIENNA — OPEC has revised upward its forecast for global crude oil demand growth for this year and predicts a further increase for 2016 as the world economy picks up again.
9. DETROIT — General Motors is about to announce that it’s spending more than $US1 billion ($A1.35 billion) on a huge expansion of its SUV factory in Arlington, Texas.
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