Tuesday 23 May 2017

James price aero financial - Finance news you need to know today

THE Australian market looks set to open higher following a solid performance on Wall Street, while the local currency continues to lift against the US dollar. At 0700 AEST on Tuesday, the share price futures index was up 12 points, or 0.21 per cent, at 5,794.


Meanwhile, the Australian dollar has risen against its US counterpart, with the greenback slipping 0.2 per cent against a basket of currencies and oil prices rising. The local currency was trading at 74.78 US cents at 0700 AEST on Tuesday, from 74.45 on Monday.

ELSEWHERE

WASHINGTON — The White House is preparing to release President Donald Trump’s first full budget, a plan that will include a cut of more than $800 billion (A$1.07 trillion) from the Medicaid program for the poor and reductions in other social spending.

BRUSSELS — European Union governments have agreed a common Brexit negotiating plan on Monday and renewed their insistence that they would not open talks on a post-Brexit trade deal until London agrees to settle what it owes the Union.

BRUSSELS — The European Union’s chief Brexit negotiator Michel Barnier says he expects first talks with London on the terms of Britain’s withdrawal form the EU to take place starting on June 19.

LONDON — British Prime Minister Theresa May has been forced to backtrack on one of her most striking election pledges to force elderly people to pay more for their social care after her party’s opinion poll lead halved in just a few days.

OSLO — Renovation work is underway at a vault built on an Arctic island off northern Norway to store seeds from key staple crops after water was detected in an access tunnel.

CANNES —
US President Donald Trump may “surprise” people when it comes to acting on climate change, says former vice president and environmental crusader Al Gore.
For More Information: news.com

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