WORLD FINANCE UPDATE:
The Australian dollar has been boosted by greenback weakness following a mixed batch of US data.
At 0700 AEDT on Tuesday, the local unit was trading at 75.44 US cents, up from 74.94 cents on Thursday.
And the Australian share market looks set to open lower after Wall Street put in a mixed performance as weaker-than-expected US economic data reduced concerns about potential interest rate rises and a dip in oil prices pushed down energy shares.
At 0645 AEDT on Tuesday, the share price index was down 12 points at 5,069.
ELSEWHERE:
WASHINGTON - US economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang.
WASHINGTON - US consumer spending posted a tiny gain for the third straight month in February while income growth slowed sharply.
WASHINGTON - More Americans signed contracts to buy homes in February, with purchases surging in the Midwest ahead of the traditional spring buying season.
AMMAN - Jordan will get a cheap $US100 million loan to help create 100,000 jobs for Syrian refugees and its own citizens, the World Bank president says.
DOHA - Qatar's Al Jazeera broadcasting network is laying off about 500 employees or more than 10 per cent of its staff, reflecting financial pressures on the tiny Gulf state due to low global prices for oil and natural gas.
NEW YORK - China's Anbang Insurance Group Co has raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $US14 billion ($A18.64 billion) in its latest challenge to the US hotel operator's merger with Marriott International Inc.
NEW YORK - Dell Inc is selling its Dell Services information technology unit to NTT Data Inc for just over $US3 billion ($A3.99 billion) as part of its ongoing reorganisation plan.
LONDON, March 26 Reuters - The campaign for Britain to leave the EU has been backed by 250 business leaders including the former chief executive of HSBC, the Vote Leave group says, hoping to counter the view that UK businesses back staying in the bloc.
BEIJING - China plans more measures to stamp out corruption including greater supervision of public finances, Premier Li Keqiang has said during a special cabinet meeting, according to state media.
Share
