A roundup of news in finance, economics and business from around the world:
INTERNATIONAL NEWS
PARIS - Ratings agency Standard and Poor's has raised Greece's sovereign debt rating by six notches, encouraged by a burst of support for Athens from eurozone partners.
ATHENS - Greece has raised 1.3 billion euros ($A1.64 billion) in a three-month treasury bill auction with demand to spare, returning to short-term debt sales after completing an EU-funded debt buy-back last week.
WASHINGTON - The powerful international bank lobby group Institute of International Finance (IIF) has warned that Greece's newly revamped bailout program still faces large risks as long as the economy continues to contract sharply.
WASHINGTON - Toyota Motor will pay a record $US17.35 million ($A16.52 million) fine for failing to promptly notify US authorities about a safety defect on 2010 Lexus models, a federal agency says.
DUBLIN - Ryanair's bid to take over its biggest Irish rival Aer Lingus has suffered a setback with the Irish government announcing it will not sell its quarter stake in the company.
RIO DE JANEIRO - US magnate Donald Trump will invest in the construction of a residential and office complex in the run-down port zone of Brazil's second-largest city, his business conglomerate has announced.
WASHINGTON - Samsung has overtaken Nokia as the top mobile phone brand for 2012 and has opened up a decisive lead over Apple in the smartphone market, a research firm says.
WELLINGTON - Prices of New Zealand dairy products rose in the final GlobalDairyTrade auction of the year, though whole milk powder, the biggest product by volume, fell for the fourth sale in a row.
WELLINGTON - Harvard Management Company, which manages Harvard University's $US30.7 billion ($NZ36.3b) endowment fund, has sold down its stake in the central North Island Kaingaroa forest, with Canada's public sector pension fund picking up the bulk and the New Zealand Superannuation Fund taking a small bite.
WELLINGTON - The New Zealand dollar fell against the euro as the common currency gained a boost from Standard & Poor's upgrading Greece and Spain selling all the debt it targeted in its last auction of the year.
NEW YORK - Oil prices have rallied amid indications Washington was inching closer to resolving a budget impasse that has threatened to drag the world's biggest crude consumer back into recession.
LOCAL NEWS
SYDNEY - The Australian dollar is lower on speculation on Chinese growth and further rate cuts by Australia's central bank.
SYDNEY - The Australian market looks set to open higher after gains on wall Street overnight amid signs Washington was making progress to avert the "fiscal cliff".
SYDNEY - The Australian dollar is unlikely to return to the lower levels experienced before 2007, Reserve Bank governor Glenn Stevens says.
Source: http://www.thebull.com.au/articles/a/34088-international-financial-news.html
ellen degeneres jcpenney yeardley love nba all star reserves rock center christine christine will ferrell
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.