Finance News Update, what you need to know

Friday, November 27, 2015
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Sold for $1.3 million one day, no buyers for $440,000 the nextRundown home shows death of mining boom.


The Australian dollar is relatively flat after getting little direction from US markets overnight and as traders hold their positions ahead of a busy data week.

At 0630 AEDT on Friday, the local unit was trading at 72.30 US cents, down from 72.38 cents on Thursday.

And the Australian share market looks set to open higher, taking a lead from positive performances on European bourses with Wall Street closed for the Thanksgiving public holiday.

At 0645 AEDT on Friday, the December share price index futures contract was up 22 points at 5,248.


ATHENS - Greek Prime Minister Alexis Tsipras will seek support from opposition leaders for unpopular pension reforms that have brought thousands to the streets in protest.

FRANKFURT - The volume of loans to the private sector in the euro area expanded in October, with a bigger bounce recorded than the previous month, ECB data shows.

LONDON - Lloyds Banking Group has announced details of up to 1,000 job losses, part of previously announced cuts of about 9,000.

LONDON - Britain's markets watchdog has fined Barclays STG72 million ($A150.30 million) for failing to minimise the risk that it might be used to aid financial crime.

KUALA LUMPUR - Malaysia-based AirAsia suffered a loss in the third quarter, bogged down by foreign exchange losses and its Indonesian operations.

BERLIN - Volkswagen's luxury flagship Audi has suspended two engineers after its larger diesel engines were found evading emissions limits in the United States, Audi CEO Rupert Stadler said in a newspaper interview.

RIO DE JANEIRO - Mining giants responsible for a dam spill in Brazil earlier this month have rejected accusations by the United Nations that the deadly flood of water and mud was highly toxic.

29/11/2015 01:51Sydney, Australia. 29 November,2015