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Now time for the business news, and when the markets in Europe closed a couple of hours ago, London's FTSE 100 was down 15%, with the DAX seeing similar losses. In the US, trading comes to a close shortly, and the Dow Jones is up by over 90 points, while the S&P 500 is slightly higher. And Australian dollar is worth 99.1 US this morning, it'll also buy you 64 British pence and 1.28 New Zealand.
The European commission1 says while Spain has not requested a bailout, it has the capacity to help if such request was made, there are reports the request could come as early as this weekend, saying EU finance2 ministers are set to hold a conference call to discuss an aid package. Spain would be the biggest country to seek helps since the Euro Zone's debt crisis3 began.
St George is the latest bank to move on interest rate, cutting its standard variable rate by 18 basis points, it was the fifth local bank to move yesterday following the reserve bank's decision this week to cut the cash rate by 25 basis points. ANZ is the only bank to pass on the full rate to its customers.
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1 commission | |
n.委托,授权,委员会,拥金,回扣,委任状 | |
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2 finance | |
n.财务管理,财政,金融,财源,资金 | |
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3 crisis | |
n.危机,危急关头,决定性时刻,关键阶段 | |
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