Euro dives on debt worries; krone, Aussie hit
London
THE euro fell along with dramatic losses for higher-yielding currencies such as the Norwegian krone and Australian dollar on Thursday as a sell-off of Spanish and Italian debt added to a growing sense of panic in financial markets.
Another day of turmoil on European stocks was spurred by a spread of concerns from Greece to other debt-laden southern European nations, with Spain struggling to place all of a planned sale of bonds. US stock futures also indicated a weak opening for Wall Street.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Insurance firms deny Chevron’s US$57 million claim for Iran oil seizure
UOB awards Wong Kan Seng over S$400,000 in shares
US: Wall St opens lower as megacaps drag
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
New York Times beats profit estimates on bundle strength