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SYDNEY, Jan 22 AAP

January 22 2013, 07:54AM

A roundup of news in finance, economics and business from around the world:

INTERNATIONAL NEWS

LONDON - The European Bank for Reconstruction and Development has expressed optimism the worst of the eurozone debt crisis is over, but trimmed the 2013 growth forecast for its investment region in the ex-Soviet bloc.

BRUSSELS - The incoming head of the Eurogroup of finance ministers, Holland's Jeroen Dijsselbloem, says markets now "trust" that the eurozone has put the debt crisis behind it.

FRANKFURT - European banks are optimistic about their business outlook for the next six months, even though the economy is set to deteriorate further in a number of countries, a study has found.

PARIS - Many advanced economies will be threatened by another, long-term fiscal shock unless they tackle the problem of ageing populations, the ratings agency Fitch has warned.

LONDON - British Prime Minister David Cameron will give his long-awaited speech on the future relationship with the EU this week in London, his spokesman says.

RIYADH - Arab leaders have begun a two-day economic summit in Riyadh , calling for the strengthening of mutual trade and co-operation in order to face challenges brought on by the Arab Spring uprisings.

BRUSSELS - The European Union (EU) executive has urged a quick decision on a freeze of 900 million tonnes of pollution credits auctioned to firms in 2013-2015 in order to raise the price of carbon and make investment in clean technology worthwhile.

NEW DELHI - India and Australia plan to begin civil nuclear co-operation talks in March after Canberra agreed last year to open negotiations to export uranium fuel to the energy-hungry South Asian nation.

BAGHDAD - Iraqi Prime Minister Nuri al-Maliki has held talks with ExxonMobil's chief, in a rare meeting with the US energy giant whose disputed deal with the autonomous Kurdish region has drawn Baghdad's ire.

NEW DELHI - India, the world's top gold consumer, has hiked the import duty on the precious metal by 50 per cent to reduce demand and help stem the country's ballooning current account deficit.

NEW DELHI - India's foreign investment panel has cleared a nearly $US2 billion ($A1.91 billion) plan by Swedish furniture giant IKEA to open its stores in the country as it seeks new markets for its flat-pack products.

STOCKHOLM - Swedish telecommunications equipment maker Ericsson says it will buy the telecom and media unit of French technology consultant Devoteam.

WELLINGTON - The New Zealand dollar was trading in a narrow range as traders waited for direction on Japanese monetary policy and for US markets to gear up again after the Martin Luther King holiday.

LONDON - Oil prices have fallen as investors banked profits following gains last week driven by encouraging economic data from the United States and China, and the hostage killings in Algeria, traders say.

LOCAL NEWS

SYDNEY - The Australian dollar has moved slightly higher as the market waits for news of policy direction from Japan's central bank.

SYDNEY - The Australian market looks set to open flat despite rises on European markets, with London hitting a near five-year high in light trading amid a public holiday in the United States.