Finance News Update, what you need to know

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is higher, following solid gains on Wall Street.

At 0630 AEST on Friday, the local unit was trading at 70.79 US cents, up from 70.24 cents on Thursday.

And the Australian share market looks set to open higher following solid gains on Wall Street where Apple and some other technology stocks led the upward move ahead of next week's hotly anticipated Federal Reserve monetary policy meeting.

At 0645 AEST on Friday, the September share price index futures contract was up 19 points at 5,097.

ELSEWHERE:

WASHINGTON - New claims for US unemployment insurance benefits, a sign of the pace of layoffs in the economy, fell last week.

LONDON - The Bank of England has voted to keep its interest rate at a record-low 0.5 per cent while cutting economic growth forecasts and warning of global "headwinds".

DUBLIN - Ireland's economy expanded further in the second quarter of 2015, firming the eurozone nation's return to health, official data shows.

SINGAPORE - China plans to launch a yuan-denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source says.

SHANGHAI - US computer giant Dell says it will invest more than $US125 billion ($A178.30 billion) in China over the next five years to show its "long-term commitment" to one of its key markets.

STOCKHOLM, Sept 10 AFP - Ikea, the world's top furniture company, says its sales jumped 11.2 per cent during its 2014-2015 fiscal year, thanks to gains in nearly all markets.


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Source: AAP



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