International financial news
Market watch top headlines
SYDNEY, Nov 30 AAP
November 30 2012, 08:22AM
A roundup of news in finance, economics and business from around the world:
LONDON - A major inquiry has called for new laws to underpin a tougher watchdog for Britain's "outrageous" newspapers in a verdict that sets up Prime Minister David Cameron for a bruising political battle.
LONDON - Justice Brian Leveson has condemned the News of the World, saying the now-defunct tabloid had a general "loss of direction" and "lack of respect".
WASHINGTON - The US economy grew at a 2.7 per cent pace in the third quarter, faster than previously estimated, the Commerce Department says in a report that nevertheless points to a weaker fourth quarter.
NEW YORK - CNN has named former NBC Universal chief Jeff Zucker as its new top executive, searching for a way to turn around the original cable news network that has lagged behind rivals Fox News Channel and MSNBC.
MADRID - Spain is engulfed in a long recession with little hope of a quick recovery, the OECD club of industrialised nations says.
BEIJING - Standard & Poor's has affirmed China's sovereign credit rating, another sign that the world's second largest economy is rebounding as Beijing prepares to usher in new leaders.
SYDNEY, Nov 30 AAP - The Australian market is expected to open higher after gains on Wall Street overnight.
SYDNEY, Nov 30 AAP - The Australian dollar is around a third of a US cent lower on negative sentiment surrounding US debt negotiations.