Finance news you need to know today
2015-06-12
The Australian government is urging California to abolish a ban on kangaroo skin imports. Source: Facebook
HERE are 10 things making news in business and finance around the world today.1. SYDNEY — The Australian dollar is slightly lower after the US dollar strengthened in overnight trade following the release of better than expected US economic data. At 0700 AEST on Friday, the local unit was trading at 77.56 US cents, slightly down from 77.61 cents on Thursday.
2. SYDNEY — And the Australian stock market looks set for a flat open as gains on Wall Street were offset by falls in commodity prices. At 0658 AEST on Friday, the June share price index futures contract was down six points at 5,549.
3. WASHINGTON — US retail sales rose 1.2 per cent in May as consumer spending rebounded on strong vehicle sales, the Commerce Department reports.
4. BRUSSELS — Greece’s creditors have piled pressure on cash-strapped Athens as the IMF pulled its team out of talks and the EU warned Athens to stop gambling with the possibility of default and a messy exit from the eurozone.
5. PARIS — World oil demand growth soared to a four-year high in the first three months of 2015, but the surge is unlikely to persist, the IEA says in its monthly report.
6. NEW YORK — The Wall Street Journal says it will launch a new global broadsheet edition to replace compact format newspapers for Europe and Asia.
7. LOS ANGELES — After decades of speculation, Rupert Murdoch’s succession plans involving sons James and Lachlan for his global media empire have been revealed.
8. LOS ANGELES — The Australian government is urging California to abolish a ban on kangaroo skin imports, despite concerns from animal rights groups.
9. BRUSSELS — The EU’s antitrust regulator has opened a formal investigation into Amazon’s e-book distribution, in the latest Brussels inquiry to target the US-based internet retailer.
10. SAN FRANCISCO — Twitter chief executive Dick Costolo is stepping down and will be replaced on an interim basis from July 1 by co-founder Jack Dorsey, the company says.
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