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Let's look at the finances, Australia's dollar keeps on climbing and overseas tourists sadly though are staying away. The currency has hit a 29-year high to peak just above 107 US cents. Now it's terrific for those of us travelling abroad but not so good for those manufacturers that rely on exports for their income. Tourism operators are also worried the Gold Coast is reporting a big drop in foreign tourists, and there's speculation1 the dollar now could reach $US1.10 in coming weeks.
BP has agreed to pay $1 billion to repay the damage from last year's Mexico Gulf2 oil spill. The US Justice Department brokered3 the deal and the money will go to the five Gulf states worst affected4. The economic cost of the disaster has reached tens of billions of dollars. BP has also announced it's suing the company that owned the rig for $40 billion.
Now to the markets, and overnight in the US, the Dow closed down 52 points. The Nasdaq was up 17. The S&P500 up six. In London, the FTSE dropped three points. Checking commodity prices, West Texas Crude is at $111.69 US a barrel, $131.92 is Tapis. And gold is at $1,506.79 an ounce.
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1 speculation | |
n.思索,沉思;猜测;投机 | |
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2 gulf | |
n.海湾;深渊,鸿沟;分歧,隔阂 | |
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3 brokered | |
adj.由权力经纪人安排(或控制)的v.做掮客(或中人等)( broker的过去式和过去分词 );作为权力经纪人进行谈判;以中间人等身份安排… | |
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4 affected | |
adj.不自然的,假装的 | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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