Finance News Update, what you need to know

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is lower, shrugging off positive economic news from China amid a higher US dollar.

At 0630 AEDT on Tuesday, the local unit was trading at 93.58 US cents, down from 93.80 cents on Monday.

And the Australian share market looks set to open higher following gains on international markets as dealers digest positive data from the US and China amid quiet trade on a public holiday.

At 0645 AEDT on Tuesday, the December share price index futures contract was up 22 points at 5,423.

ELSEWHERE:

BRUSSELS - EU ministers are seeking to end a simmering 1.5-billion-euro ($A2.14 billion) row within EU institutions over the bloc's 2014 budget.

LONDON - Official figures are expected to show a fall in Britain's rate of inflation to a six-month low.

LONDON - Shares in British Sky Broadcasting PLC have taken a battering after rival BT PLC snatched the UK television rights to European Champions League soccer, Europe's top club competition.

NEW DELHI - US soft drinks giant PepsiCo is to invest more than $US5 billion ($A5.34 billion) with its partners in India to raise production, saying it has only "scratched the surface" of the Asian giant's potential.

ZURICH - Swiss pharmaceuticals giant Novartis says it will sell its blood transfusion diagnostics unit to the Spanish firm Grifols for $US1.68 billion ($A1.79 billion).

LONDON - British platinum miner Lonmin has swung back into an annual net profit, recovering from a violent strike at its Marikana platinum mine in South Africa, it says.

JOHANNESBURG - More than 2000 workers at an Anglo American Platinum mine in South Africa have ended a two-day underground sit-in protest, the company says.

SYDNEY - James Packer's Crown Resorts has entered into a final binding agreement with the NSW government for its VIP casino and six-star hotel at Barangaroo.


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2 min read

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Source: AAP



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