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.
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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.
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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.
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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.
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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.
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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.
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US consumer prices edge up in March
A rebound in energy prices has helped prompt US consumer prices to tick higher in March.
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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.
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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.
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Bloomberg's global breakdown hits markets
Trading volumes have been affected on European sharemarkets after Bloomberg terminals were hit with a global breakdown.
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