Top business news

Saudi giant SABIC Q1 net profit down 39%
Saudi petrochemicals firm SABIC has posted a 39 per cent decline in net profits in the first quarter of 2015.
China cuts bank reserve ratio requirement
China's central bank says it will cut its bank reserve requirement by 1 percentage point to stimulate more lending amid a slowing economy.
Greece told to move urgently on debt plan
With the deadline looming for a bailout deal between Greece and the EU, the head of the European Central Bank says more work needs to be done.
Hockey optimistic on global outlook
Treasurer Joe Hockey is optimistic about the global economy and says Europe has the threat of default in Greece in hand.
Cyprus bailout on track after law passed
A bailout funding process for Cyprus is back on track after its parliament passed a long-delayed foreclosure and insolvency package.
Lew warns over Greek deal failure
The European and global economies could face uncertainty if EU negotiations on more financing for Greece fail, US Treasury Secretary Jacob Lew warns.
US consumer prices edge up in March
A rebound in energy prices has helped prompt US consumer prices to tick higher in March.
British unemployment at 6-year low
The British government has received some good news ahead of the general election, with the jobless rate at a new six-year low of 5.6 per cent.
GE reports $US13.6 bn loss in Q1
General Electric says its first-quarter $US13.6 billion loss is due to charges from its plan to sell most of GE Capital.
Bloomberg's global breakdown hits markets
Trading volumes have been affected on European sharemarkets after Bloomberg terminals were hit with a global breakdown.