Finance news you have to know today

May 28th, 2016 in Finance by Adminimage 1

2. SYDNEY and the Australian share market looks set to open lower after mixed performances on global markets. At 0645 AEST on Wednesday, the share rate index was down 18 points at 5,364.

3. LONDON The British pound has fallen greatly after two viewpoint polls for The Guardian paper indicated assistance for a British exit from the 28-country European Union in June’s referendum.

4. WASHINGTON US customer spending recorded its most significant boost in more than 6 years in April and inflation rose steadily, indicating an acceleration in financial development that might encourage the Federal Reserve to raise interest rates once again as early as June.

5. WASHINGTON United States home prices kept climbing up in March as the spring home purchasing season started, however so far the greater costs sanctuary t thwarted sales.

6. VIENNA A Nigerian oil technocrat has become frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as an uncommon compromise prospect to lead the group amidst rising stress between Saudi Arabia and Iran.

7. OTTAWA Canada, following the lead of Australia and Britain, is set to introduce required plain packaging of cigarettes in a quote to cut the rate of cigarette smoking, Health Minister Jane Philpott states.

8. DUBLIN Ireland-based Jazz Pharmaceuticals will buy US-based Celator Pharmaceuticals in a cash deal valued at about $US1.5 billion ($A2.09 billion), to gain access to an investigational product in development for treating acute myeloid leukaemia.

9. NEW YORK Activist financier Carl Icahn says he bought a big stake in Botox-maker Allergan and said he’s encouraging of the company s CEO, Brent Saunders.

10. BALI The heir to the Netherlands largest grocery store chain is facing drug charges in Bali.