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Finance News Update, what you need to know

Thursday, October 23, 2014
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WORLD FINANCE UPDATE:

The Australian dollar continues to hover below 88 US cents after local inflation figures failed to inspire the currency.

At 0630 AEDT on Thursday, the local currency was trading at 87.79 US cents, down from 87.88 cents on Wednesday.

And the Australian share market looks set to open lower following falls on Wall Street with investors still nervous after the volatility of the past few weeks.

At 0645 AEDT on Thursday, the December share price index futures contract was down 37 points at 5,340.

ELSEWHERE:

WASHINGTON - US consumer prices rose slightly in September, contrary to analysts' expectations, the Labour Department reports.

BRUSSELS - The European Central Bank hasn't "seriously" discussed a purchase of corporate bonds as another way of pumping cash into the stalling eurozone economy, a member of the bank's decision-making body says.

BRUSSELS - The EU's incoming chief executive, Jean-Claude Juncker, has won the approval of parliament for his new team of commissioners after vowing to revive the stagnant economy and tackle a raft of foreign policy challenges.

OTTAWA - The Bank of Canada is keeping its key lending rate at one per cent, the same low rate it has maintained for the past four years.

LONDON - British American Tobacco says sales sank in the first nine months of 2014 and blames adverse currency moves and Western Europe's slow recovery.

PARIS - Peugeot Citroen says strong quarterly sales in China and by its car-parts subsidiary has kept its drive away from crisis on track, despite an overall lacklustre performance.

NEW YORK - US aerospace giant Boeing has reported higher quarterly earnings and raised its full-year profit forecast for the second quarter in a row on increased commercial aircraft deliveries.

PARIS - French oil giant Total has named new bosses to lead one of the world's biggest energy companies after its chief executive was killed in Moscow when his private jet hit a snowplough on take-off.

23/10/2014 16:06Sydney, Australia. 23 October,2014
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