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And when the markets in Europe closed just a couple of hours ago, London's FTSE 100 was down 28 points. The Dax and Euro also finished lower. In the US, trading comes to a close shortly, the Dow Jones and S&P 500 are both tracking lower.
And the Australian dollar is worth around 87.5 US cents. It'll also buy you around 53 British pence and one dollar eight New Zealand.
The corporate1 regulator says it will not pursue two David Jones directors who increased their shareholdings in the company the day after Myer proposed a merger2. Myer made a confidential3 merger proposal in late October last year, but it was rejected by the DJ's board a month later. The directors had been under investigation4 by corporate regulator because the trades came two days before a company sale report. But the Australian Securities and Investments Commission says it's investigated the matter and considered all relevant information including the conditional5 proposal and they decided6 to take no further action.
Official figures show the US economy grew at the fastest pace in three years. America's economy grew at an annual rate of just over three percent. Strong consumer spending and robust7 exports drove growth over the period. Many economists8 are predicting 2014 will produce the strongest growth since the end of the US recession in 2009.
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1 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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2 merger | |
n.企业合并,并吞 | |
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3 confidential | |
adj.秘(机)密的,表示信任的,担任机密工作的 | |
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4 investigation | |
n.调查,调查研究 | |
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5 conditional | |
adj.条件的,带有条件的 | |
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6 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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7 robust | |
adj.强壮的,强健的,粗野的,需要体力的,浓的 | |
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8 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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