Finance News Update, what you need to know

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar has fallen but is still holding above 81 US cents following better-than-expected trade figures.

At 0630 AEDT on Wednesday, the local currency was trading at 81.16 US cents, down from 81.43 cents on Tuesday.

And the Australian share market looks set to open lower after falls on international markets amid continued concern over falling oil prices and that Greece will exit the eurozone.

At 0645 AEDT on Wednesday, the March share price index futures contract was down 20 points at 5,292.

ELSEWHERE:

PARIS - French and German borrowing rates have reached new all-time lows on Tuesday amid fears over the prospect of Greece leaving the eurozone.

WASHINGTON - US factory orders has fallen for the fourth straight month, according to government data, providing further evidence of a slowdown in the manufacturing sector.

WASHINGTON - The US economy's service sector have slowed, with a deceleration in business activity, new orders and prices, according to the Institute for Supply Management's survey.

WASHINGTON - US home values rose at a measured pace in November, a sign that demand remains weak as many buyers have been priced out of the market.

NEW YORK - US aerospace giant Boeing has reported a banner year in 2014 for aircraft sales, breaking records for new orders and deliveries.

NEW YORK - Luxury handbag and accessories company Coach is expanding its footwear collection, buying Stuart Weitzman Holdings LLC from private equity firm Sycamore Partners for about $US530 million ($A573 million).

SEOUL - South Korea's Hyundai plans to invest 80.7 trillion won ($A78.98 billion) by 2018 to bolster overseas production and develop next-generation cars.

TAIPEI - Taiwan smartphone giant HTC has posted a third successive quarterly profit as the launch of a series of new products gave a lift to the resurgent brand.

LAS VEGAS - Sony says sales of its PlayStation 4 video game consoles have topped 18.5 million.


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Source: AAP



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