HERE are 13 things making news in business and finance around the world today.
1. SYDNEY — The Australian dollar is higher against the greenback which weakened after the release of downbeat US economic data. At 0630 AEST on Wednesday, the Aussie was trading at 74.51 US cents, up from 74.28 cents on Tuesday.
2. SYDNEY — And the Australian share market looks set to open higher after Wall Street gained despite disappointing retail sales figures. At 0645 AEST on Wednesday, the September share price index futures contract was up 15 points at 5,533.
3. ATHENS — Greece’s government has submitted tough bailout terms demanded by eurozone creditors to parliament, as Prime Minister Alexis Tsipras battles for support for the draconian reforms from his ruling anti-austerity Syriza party.
4. NEW YORK — A fake news report purportedly from Bloomberg about a possible $US31 billion ($A41.7 billion) takeover of Twitter spurred a five per cent surge in the social network’s shares before it was denied.
5. WASHINGTON — US retail sales fell 0.3 per cent in June as consumers pulled back spending in a broad array of areas, including car purchases, the Commerce Department reports.
6. LONDON — Britain’s annual inflation rate has turned flat on the back of falling clothing and food prices.
7. FRANKFURT — Europe’s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by lowering credit standards, a key European Central Bank survey shows.
8. BRUSSELS — The European Commission has authorised the takeover of Irish airline Aer Lingus by the International Airlines Group (IAG), while setting conditions aimed at addressing concerns over competition, a statement says.
9. NEW YORK — JPMorgan Chase earnings have edged higher, with lower expenses making up for a mixed performance in its various lending operations.
10. NEW YORK — US banking giant Wells Fargo has reported flat earnings, as rising salaries and other costs offset gains in loans and deposits.
11. LOS ANGELES — Honda has reached a settlement to resolve allegations that the company discriminated against minority car buyers by marking up interest rates on loans.
12. LONDON — British Prime Minister David Cameron has announced plans to force large companies to publish the difference in earnings between male and female staff in a bid to ensure equal pay.
13. ASPEN, Colorado — Pinterest is not a social network, but a “catalogue of ideas” to help people discover and try new things in their lives, founder and chief executive Ben Silbermann says.
1. SYDNEY — The Australian dollar is higher against the greenback which weakened after the release of downbeat US economic data. At 0630 AEST on Wednesday, the Aussie was trading at 74.51 US cents, up from 74.28 cents on Tuesday.
2. SYDNEY — And the Australian share market looks set to open higher after Wall Street gained despite disappointing retail sales figures. At 0645 AEST on Wednesday, the September share price index futures contract was up 15 points at 5,533.
3. ATHENS — Greece’s government has submitted tough bailout terms demanded by eurozone creditors to parliament, as Prime Minister Alexis Tsipras battles for support for the draconian reforms from his ruling anti-austerity Syriza party.
4. NEW YORK — A fake news report purportedly from Bloomberg about a possible $US31 billion ($A41.7 billion) takeover of Twitter spurred a five per cent surge in the social network’s shares before it was denied.
5. WASHINGTON — US retail sales fell 0.3 per cent in June as consumers pulled back spending in a broad array of areas, including car purchases, the Commerce Department reports.
7. FRANKFURT — Europe’s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by lowering credit standards, a key European Central Bank survey shows.
8. BRUSSELS — The European Commission has authorised the takeover of Irish airline Aer Lingus by the International Airlines Group (IAG), while setting conditions aimed at addressing concerns over competition, a statement says.
9. NEW YORK — JPMorgan Chase earnings have edged higher, with lower expenses making up for a mixed performance in its various lending operations.
10. NEW YORK — US banking giant Wells Fargo has reported flat earnings, as rising salaries and other costs offset gains in loans and deposits.
11. LOS ANGELES — Honda has reached a settlement to resolve allegations that the company discriminated against minority car buyers by marking up interest rates on loans.
12. LONDON — British Prime Minister David Cameron has announced plans to force large companies to publish the difference in earnings between male and female staff in a bid to ensure equal pay.
13. ASPEN, Colorado — Pinterest is not a social network, but a “catalogue of ideas” to help people discover and try new things in their lives, founder and chief executive Ben Silbermann says.
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