Finance News Update, what you need to know

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is higher against its weaker US counterpart following the release of weaker-than-expected US jobs figures.

At 0700 AEDT on Monday, the local unit was trading at 70.59 US cents, up from 70.46 cents on Friday.

And the Australian share market looks set to open solidly higher after US and European shares rose despite disappointing US jobs data, seen as pushing back the timing of a US interest rate rise.

At 0645 AEDT on Monday, the December share price index futures contract was up 67 points at 5,098.

ELSEWHERE:

BERLIN - Several engineers at scandal-hit German automaker Volkswagen have admitted to installing the device in the company's cars aimed at cheating pollution tests, a newspaper says.

BERLIN - Scandal-hit Volkswagen has opened a webpage for customers to check if their diesel vehicle is fitted with a device aimed at cheating pollution tests.

WASHINGTON - The United States has added far fewer jobs than expected in September and hiring was weaker in the prior two months, the Labor Department says, pointing to a slowing economy.

ATHENS - Greek Prime Minister Alexis Tsipras says he wants to move fast with the bailout program so Greece can cast off the creditors' tutelage and return to the markets.

JOHANNESBURG - More than 30,000 workers began an indefinite strike after wage negotiations in South Africa's coal industry failed.

WASHINGTON - Talks aimed at finalising a trade deal between Australia, the United States and 10 other Pacific Rim countries have been extended, reports say.

NEW YORK - Online US stock brokerage company Scottrade says the names and addresses of about 4.6 million of its customers may have been stolen by hackers.


Share

2 min read

Published

Updated

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world