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Morning business round-up: Greece bail-out talks | Morning business round-up: Greece bail-out talks |
(about 1 hour later) | |
What made the business news in Asia and Europe this morning? Here's our daily business round-up: | What made the business news in Asia and Europe this morning? Here's our daily business round-up: |
All eyes remain on Greece again, with a report that the country is close to agreeing a new bail-out package. | All eyes remain on Greece again, with a report that the country is close to agreeing a new bail-out package. |
The Reuters news agency said that a new three-year plan had been agreed in principle, which would, in effect, supersede Greece's existing 110bn euro ($159bn, £97bn) EU and IMF bail-out. | The Reuters news agency said that a new three-year plan had been agreed in principle, which would, in effect, supersede Greece's existing 110bn euro ($159bn, £97bn) EU and IMF bail-out. |
Greece is expected to target another 6.4bn euros in austerity measures and finally start its 50bn euro privatisation programme. | Greece is expected to target another 6.4bn euros in austerity measures and finally start its 50bn euro privatisation programme. |
Staying in Europe, a survey has indicated that growth in the eurozone services sector slowed slightly in May, while business confidence fell to its lowest level in a year-and-a-half. | Staying in Europe, a survey has indicated that growth in the eurozone services sector slowed slightly in May, while business confidence fell to its lowest level in a year-and-a-half. |
The closely-watched Markit PMI Services survey said that while France and Germany continued to see strong expansion in the services sector, Italy, Spain and the Irish Republic saw limited growth. | The closely-watched Markit PMI Services survey said that while France and Germany continued to see strong expansion in the services sector, Italy, Spain and the Irish Republic saw limited growth. |
A hacker group has claimed it has attacked a Sony network and stolen more than one million passwords, e-mail addresses and other information. | A hacker group has claimed it has attacked a Sony network and stolen more than one million passwords, e-mail addresses and other information. |
Lulz Security said it had broken into servers that run SonyPictures.com. | Lulz Security said it had broken into servers that run SonyPictures.com. |
MGM China made a strong debut on the Hong Kong stock exchange as investors continue to bank on Macau's gambling boom. | MGM China made a strong debut on the Hong Kong stock exchange as investors continue to bank on Macau's gambling boom. |
The company - which is one of only six companies to have a licence to operate casinos in Macau - saw its shares rise as much as 6% at first before closing up 2%. | The company - which is one of only six companies to have a licence to operate casinos in Macau - saw its shares rise as much as 6% at first before closing up 2%. |
Rio Tinto has secured a major land deal with Aboriginals in Western Australia. | Rio Tinto has secured a major land deal with Aboriginals in Western Australia. |
Under the deal, Rio will pay almost $2bn over 40 years in return for access to the resource-rich land. | Under the deal, Rio will pay almost $2bn over 40 years in return for access to the resource-rich land. |
In the UK, bookmaker Betfred has won the auction to buy the Tote betting business. | |
Betfred, the UK's fourth-biggest bookmaker, will pay £265m ($432m) for the business. The deal signals the end of a 14-year attempt by UK governments to privatise the betting group. | Betfred, the UK's fourth-biggest bookmaker, will pay £265m ($432m) for the business. The deal signals the end of a 14-year attempt by UK governments to privatise the betting group. |
The London 2012 Olympics may still be a year away, but model maker Hornby is already confident that sales of Olympic branded products will bring it "lasting benefits". | The London 2012 Olympics may still be a year away, but model maker Hornby is already confident that sales of Olympic branded products will bring it "lasting benefits". |
Hornby, whose brands also include Scalextric, Airfix and Corgi, said that with a year to go to the London Olympics it was already seeing strong sales of the products. | Hornby, whose brands also include Scalextric, Airfix and Corgi, said that with a year to go to the London Olympics it was already seeing strong sales of the products. |
For a wider look at the world of business, you can download the latest Business Daily podcast, which today report's from Tunisia on the economic issues that have been powering the so-called Arab Spring. | For a wider look at the world of business, you can download the latest Business Daily podcast, which today report's from Tunisia on the economic issues that have been powering the so-called Arab Spring. |
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