WORLD FINANCE UPDATE:
The Australian dollar is slightly higher, continuing to get some support from Chinese economic growth figures that were slightly better than expected.
At 0630 AEST on Thursday, the local unit was trading at 93.73 US cents, up from 93.64 cents on Wednesday.
And the Australian share market looks set to open higher after Wall Street rose for its third session on positive economic news.
At 0645 AEST on Thursday the June share price index futures contract was up 17 points at 5,424.
NEW YORK – Federal Reserve Chair Janet Yellen says inflation is expected to rise slowly from current low levels but not go much beyond the Fed’s two per cent target.
WASHINGTON – US industrial production grew a modest 0.7 per cent in March after a February that was much stronger than originally reported.
WASHINGTON – US home construction rose moderately in March as builders resumed work at the end of a frigid winter.
LISBON – Portugal has auctioned 1.25 billion euros of short-term debt as it seeks to shore up its finances ahead of exiting its international aid program next month.
PARIS – France’s new Prime Minister Manuel Valls has announced a freeze in state pensions and other benefits as part of a plan to cut government spending by 50 billion euros ($A74.34 billion).
GENEVA – Swiss banking giant Credit Suisse says its first quarter net profit has taken a heavy hit as its investment bank reeled from slumping trading in bonds.
NEW YORK – Google says its first quarter profit rose 32 per cent from a year ago to $US3.45 billion ($A3.70 billion), in results below most Wall Street expectations.
NEW YORK – IBM says its first-quarter earnings have fallen because of a large charge related to reorganising its work force. Revenue has fallen amid an ongoing decline in its hardware business.
PARIS – French dairy food giant Danone has reported a slide in first quarter sales as it struggles to turn around its Chinese business amid volatility in currency markets.
LONDON – British fashion group Burberry has reported a rise in second-quarter sales, boosted by its online division, but cautions that currency fluctuations will hit profits this year.