International financial news
Market watch top headlines
SYDNEY, Feb 15 AAP
February 15 2013, 07:58AM
A roundup of news in finance, economics and business from around the world:
WASHINGTON - The International Monetary Fund says worries over currency wars are "overblown" and it does not see major currency values as being particularly out of line.
PARIS - A global boom in shale oil production similar to the one already under way in the United States could bring down the price of crude as much as 40 per cent and add up to 3.7 per cent to world economic output, a study says.
BRUSSELS - The recession across the economy of the 17 countries that use the euro deepened in the last three months of 2012.
ATHENS - Unemployment in Greece rose to a record 27 per cent in November as separate surveys showed the country remains stuck in recession and predicted nearly a third of the population will be in poverty by the end of the year.
WASHINGTON - New claims for US unemployment insurance benefits fell last week to well below the trend line, giving an indication that the US jobs market may be firming up.
CAPE TOWN - South African President Jacob Zuma says mining taxes will be reviewed in a move likely to renew uncertainty in the key sector hit by wildcat strikes and nationalisation threats.
MUMBAI - Global demand for gold fell last year in its first tumble since 2009 as demand in leading market India slid, narrowing the gap with second-biggest buyer China, the World Gold Council says.
WASHINGTON - Billionaire Warren Buffett's investment powerhouse Berkshire Hathaway and 3G Capital have announced they will take over US ketchup maker Heinz in a deal worth $US28 billion ($A27 billion).
NEW YORK - American Airlines and US Airways have announced a long-expected merger that will create the largest US airline, giving them more weight in an industry that has steadily consolidated in recent years.
VEVEY, Switzerland - Swiss-based food giant Nestle says business is likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets.
NEW YORK - PepsiCo's net income rose 17 per cent in the fourth quarter on higher prices and strength in Latin America.
WASHINGTON - General Motors' fourth quarter earnings jumped 89 per cent but were held back by $US700 million ($A680 million) in losses on its European operations, the company says.
WASHINGTON - A US judge has approved a $US400 million ($A388 million) settlement in criminal penalties against the rig operator involved in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in American history.
NEW YORK - Anheuser-Bush InBev has changed the terms of its proposed $US20.1 billion ($A19.5 billion) acquisition of Mexican brewer Grupo Modelo in an attempt to push through a deal that US regulators say will kill competition.
WELLINGTON - Buyout firms Pacific Equity Partners and Unitas Capital plan to retaliate against Asahi's suit over Independent Liquor's $1.5 billion price tag with their own proceedings, this time in New Zealand.
WELLINGTON - The New Zealand dollar rose above 85 US cents for the first time since September 2011 amid expectations retail sales figures on Friday will add to a string of strong data this week suggesting the economy is a global standout.
SYDNEY - The Australian dollar is flat after weak eurozone data and encouraging US jobs figures pulled the currency in opposite directions.
SYDNEY - The Australian market looks set to open lower following unimpressive showings on international bourses after news the eurozone recession deepened in the final three months of last year.
SYDNEY - ANZ's first quarter net profit has dropped by nearly a fifth to $1.36 billion.
SYDNEY - The man responsible for running London's Tube will soon step out from the Underground and take up a position as boss of Sydney's train network.