international financial news - www.thebull.com.au

By AAP | 28.09.2012 07:43 AM

A roundup of news in finance, economics and business from around the world:

INTERNATIONAL NEWS

MADRID - Spain's government has unveiled a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.

WASHINGTON - The US economy was more sluggish than thought in the second quarter, growing only 1.3 per cent, Commerce Department data shows.

WASHINGTON - US manufacturing is struggling as businesses brace for the year-end "fiscal cliff" in an economy that entered the third quarter with less momentum than thought.

WASHINGTON - The number of Americans seeking unemployment benefits plunged 26,000 last week to a seasonally adjusted 359,000, a hopeful sign for the job market.

BRUSSELS - Brussels has sought WTO approval for trade sanctions against Washington worth $US12 billion ($A11.6 billion) a year, the latest twist of a long-running EU-US row over subsidies to aviation giants Airbus and Boeing.

ROME - Former Italian prime minister Silvio Berlusconi has launched a series of broadsides against Germany, the euro and the new single currency bailout fund as Italy's election season heats up.

BEAVERTON, Oregon - Nike said Thursday its fiscal first-quarter net income fell 12 per cent as higher sales of its clothing and footwear brands was offset by higher costs and increased ad spending.

TORONTO - BlackBerry-maker Research In Motion posted another large loss in the second quarter but not as bad as analysts expected.

LOCAL NEWS

CANBERRA - Australia will join the international Climate and Clean Air Coalition to support action to reduce pollutants.

BRISBANE - Plans to exclude some business activities from environmental regulations won't hurt the environment, the Queensland government says.

Source: http://www.thebull.com.au/articles/a/31787-international-financial-news.html

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