The Bull

Tuesday 22

May, 2018 6:50 AM



Finance News Update, what you need to know

Finance News Update, what you need to know

Finance News Update, what you need to know.

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By AAP 16.05.2018 07:41 AM

WORLD FINANCE UPDATE:

The Australian share market is expected to open lower after US stocks fell almost one per cent, after the release of disappointing US retail spending data and worries about US-China trade relations.

At 0700 AEST on Wednesday, the Australian share price futures index was down seven points, or 0.11 per cent, at 6,093 points.

Meanwhile, the Australian dollar followed US stocks and base metals prices lower.

At 0700 AEST, the local currency was worth 74.73 US cents, from 75.18 US cents on Tuesday.

ELSEWHERE:

LONDON - Vodafone Chief Executive Vittorio Colao will step down in October after 10 years in charge of the world's second largest mobile operator and will be succeeded by finance director Nick Read, the company says.

BRUSSELS - iran's talks with European countries to save the nuclear deal are on the right path despite the US withdrawal, its foreign minister said after meeting the European Union's foreign policy chief.

HONG KONG - US clothing retailer Gap has apologised for selling t-shirts which it says show an incorrect map of China that doesn't include self-ruled Taiwan.

OSLO - Europe's bottled water producers want to increase plastic bottle collection rates to 90 per cent by 2025 from the current 60 per cent to improve recycling and cut waste.

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