Finance News Update, what you need to know

Friday, June 24, 2016
Sold for $1.3 million one day, no buyers for $440,000 the nextRundown home shows death of mining boom.

WORLD FINANCE UPDATE:

The Australian dollar has hit a two-month high as traders bet that Britain will vote to stay in the European Union.

At 0630 AEST on Friday, the local unit was trading at 76.06 US cents, up from 75.26 cents on Thursday.

The Australian share market looks set to open higher, after US and European stocks rose on hopes Britons have voted to remain part of the European Union.

At 0645 AEST on Friday, the September share price index was up 56 points at 5,290.

ELSEWHERE:

DETROIT - Volkswagen has agreed to take a series of steps costing about $US10.2 billion ($A13.6 billion) to settle claims from its unprecedented diesel emissions cheating scandal in the US, two people briefed on the matter say.

WASHINGTON - The number of Americans filing for unemployment benefits fell last week to near a 43-year low, suggesting labour market resilience even though hiring slowed sharply in May.

WASHINGTON - Americans pulled back from buying new homes in May, reversing strong gains made in April as sales fell sharply in the Northeast and West.

LONDON - Britons are voted on whether to quit the European Union in a bitterly-contested referendum that has polarised the nation and could change the face of Europe.

26/06/2016 16:18Sydney, Australia. 26 June,2016
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