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Finance News Update, what you need to know

Monday, September 22, 2014
Coolest smartwatchesTech giants and smaller players have jumped on the smartwatch bandwagon.


The Australian dollar has continued to fall as the greenback goes from strength to strength.

At 0630 AEST on Monday, the local currency was trading at 89.32 US cents, down from 89.55 cents on Friday.

And the Australian share market looks set to open lower following a mixed result on Wall Street where the Dow reached another record high but the Nasdaq fell.

At 0645 AEST on Monday, the December share price index futures contract was down 18 points at 5,408 points.


PARIS - France's transport minister has warned that the fate of Air France was in the balance as the flag carrier prepared to enter the second week of a crippling pilots' strike.

WASHINGTONP - Moody's has maintained its negative rating on France but despite earlier reports did not deal the struggling economy a downgrade.

NEW YORKP - A buying frenzy has sent Alibaba shares sharply higher as the Chinese online giant made its historic Wall Street trading debut.

TOKYO - Japanese wireless giant SoftBank said it expected a gain of Y500 billion ($A5.28 billion) from its stake in Chinese e-commerce powerhouse Alibaba Group Holding Ltd's historic initial public offering of shares on the New York Stock Exchange, or NYSE, last week.

WASHINGTON - Ethiopian Airlines has agreed to buy 20 Boeing 737 aircraft in a deal worth $US2.1 billion ($A2.27 billion), the largest single order from the US aviation giant by an African carrier.

CINCINNATI - Will Radcliff, who built a multimillion-dollar global business from flavoured, icy Slush Puppie drinks, has died in the United States at the age of 74.

23/09/2014 06:16Sydney, Australia. 23 September,2014