Finance news you need to know today

HERE are seven things making news in business and finance today.

1. SYDNEY — The Australian dollar is lower with the US dollar strengthening as investors begin to price in a greater likelihood that the Federal Reserve will raise interest rates this year. At 0635 AEST on Monday, the local unit was trading at 76.05 US cents, down from 76.44 cents on Friday.

2. SYDNEY — The Australian market looks set to open lower following Wall Street’s slide as investors weighed the prospect of a Federal Reserve interest rate rise At 0645 AEST on Monday the share price index was down six points at 5,490.

3. NAPLES — The leaders of Germany, France and Italy are meeting to discuss how to keep the European project together in the second set of talks between the premiers of the eurozone’s three largest economies since the UK’s shock vote to leave the bloc.

4. GENEVA — A World Trade Organisation (WTO) panel has backed the European Union (EU) in a two-year dispute over Russia’s ban on pig and pork imports from the bloc.

5. LONOKE, Arkansas — Heavy rain that brought record flooding to Louisiana recently has put a damper on the US’s harvest of rice, a food staple that usually likes water as it grows but can’t be gathered by machine if fields are inundated.

6. LONDON — Liverpool’s owners have hired an investment bank to advise on the possible sale of a sizeable stake in the club to a Chinese consortium, the Financial Times says citing sources close to the matter.

7. NEW YORK — New York has knocked off London as the world’s premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital’s appeal as a global financial centre.

Originally published as Finance news you need to know today

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