Finance News Update, what you need to know

17_Finance News Update_ what you need to know

(Australian Associated Press)

WORLD FINANCE UPDATE:

The Australian dollar has firmed following a rebound in commodity prices overnight.

At 0700 AEDT on Tuesday, the currency was trading at 72.43 US cents, up from 72 cents on Monday.

And the Australian share market looks set to open lower after a volatile session on international markets ahead of an expected US interest rate rise, as oil prices bounced from multi-year lows while weakness in credit markets weighed on sentiment.

At 0645 AEST on Tuesday, the share price index was down 16 points at 4,905.

ELSEWHERE:

PARIS – A landmark deal to curb global warming has dented shares of fossil fuel companies and lifted renewable energy stocks, although some price swings were muted by the non-binding nature of the pact.

LONDON – European Union countries’ reluctance to integrate in the face of an influx of refugees and with the possible departure of Britain from the bloc could ultimately hurt creditworthiness, Standard & Poor’s says.

LONDON – Royal Dutch Shell says it plans to cut 2,800 jobs following its mega takeover of smaller rival BG Group.

NEW YORK – Dow Chemical Co’s board has reaffirmed its support for the company’s merger with DuPont after a news report said activist investor Daniel Loeb wants Dow’s CEO to be removed.

NEW YORK – Newell Rubbermaid is buying rival Jarden in a $US15.4 billion ($A21.1 billion) cash-and-stock deal that creates a global consumer goods giant, the US companies have announced.

LONDON – British pharmaceuticals giant AstraZeneca says it’s in discussions over a deal with cancer drug maker Acerta Pharma.

LONDON – The UK government is reportedly considering nationalising the nuclear submarine business of Rolls-Royce, which powers its Trident missile deterrent system.

LONDON – Europe’s travel industry could lose more than $US1 billion ($A1.4 billion) in revenues because of the impact of the Paris attacks, analysts say.

0

Like This