WORLD FINANCE UPDATE:
The Australian dollar is lower after the release of some disappointing home builder sentiment data.
At 0630 AEST on Wednesday, the local unit was trading at 93.58 US cents, down from 93.87 cents on Tuesday.
And the Australian share market looks set to open higher following gains on Wall Street despite tech stocks at one point pushing the Nasdaq Composite index down nearly two per cent.
At 0655 AEST on Wednesday the June share price index futures contract was up seven points at 5,384.
STRASBOURG – The European Parliament has adopted new rules to tighten the regulation of financial markets in order to stop rampant speculation, including on foodstuffs.
STRASBOURG – The European Parliament has adopted new rules that make it easier for European Union citizens who have worked in another member state to maintain their pension rights across borders.
WASHINGTON – US consumer prices rose in March driven by surges in the cost of food, housing and other services, Commerce Department data shows.
TRIPOLI – Libya is preparing to resume oil exports following a break of more than eight months, after autonomy-seeking rebels agreed to lift their blockade of ports in the country’s east.
NEW YORK – A New York regulator probing Credit Suisse’s role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation says.
RICHMOND, Virginia – The US’ top cigarette makers say they’ve made annual payments as part of a settlement in which some companies are paying states billions for smoking-related health care costs.
NEW YORK – Coca-Cola’s first-quarter profit has fallen nearly eight per cent as the world’s biggest beverage maker faced a stronger dollar and sold less soda.
NEW YORK – Johnson & Johnson’s first-quarter profit is up eight per cent, because of restrained costs and a big jump in prescription drug sales.
NEW YORK – Intel’s earnings have fallen in the first three months of the year, but revenue has grown because of solid demand for tablet processors and its data centre services.
NEW YORK – Yahoo has reported a stronger-than-expected first-quarter profit, results hailed by chief executive Marissa Mayer as showing growth in the web giant’s “core” business.
NEW YORK, April 15 AP – Twitter says it has bought its data partner Gnip, which provides analysis of the more than 500 million tweets its users share each day.