Finance News Update, what you need to know

Tuesday, June 30, 2015
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Imf (Australia) Ltd
Australia's richest and poorest postcodesOne pocket of Sydney's eastern suburbs earn close to nine times more than those who live in the country's poorest area.

WORLD FINANCE UPDATE:

The Australian dollar is higher as Greece hurtles towards a debt default and possible exit from the eurozone.

At 0630 AEST on Tuesday, the local unit was trading at 76.87 US cents, up from 76.59 cents on Monday.

And the Australian share market looks set to open lower after Wall Street international markets fell amid concern over Greece's debt and its possible exit from the eurozone.

At 0645 AEST on Tuesday, the June share price index futures contract was down 35 points at 5,344.

ELSEWHERE:

BRUSSELS, June 29 AFP - European leaders have pleaded with Greek voters to back hotly disputed bailout proposals in a crunch referendum or face leaving the euro.

THE HAGUE, June 29 AFP - The door remains open for Greece despite the breakdown of bailout talks over the weekend, Eurogroup head Jeroen Dijsselbloem says, adding that it is still "conceivable" to avoid a Grexit.

SAN JUAN, June 29 AFP - Puerto Rico's governor is preparing to share some very bad news with the rest of the US commonwealth: it owes around $US72 billion ($A94.47 billion) in debt and cannot pay.

WASHINGTON, June 29 AFP - US pending home sales rose for the fifth straight month in May, hitting the strongest annual pace in over nine years amid solid nationwide gains.

PARIS, June 29 AFP - The two leaders of Uber in France have reportedly been taken into custody as part of a probe into their ride-booking app which has sparked violent protests from regular taxi drivers.

RIO DE JANEIRO, June 29 AFP - Brazil's state oil giant Petrobras has slashed its five-year investment plan by 37 per cent as part of efforts to recover from a massive corruption scandal.

NEW YORK, June 29 AFP - Food services company Sysco has given up its plan to acquire US Foods after antitrust regulators blocked the proposed deal in a US court.

NEW YORK, June 29 AFP - General Electric says it has agreed to sell its vehicle fleet management and financing services in the United States and three other countries to Canadian firm Element Financial for $US6.9 billion ($A9.05 billion).

30/06/2015 09:08Sydney, Australia. 30 June,2015
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