Finance news you need to know today
THE Paris attacks have impacted on France’s finances, with security spending meaning the nation will not be able to meet its EU budget obligations.
Here are seven things making news in business and finance around the world today.
1. WASHINGTON — US consumer prices have gained in October with key elements like health care and housing costs pushing higher, hinting inflation could be picking up.
2. LONDON — Britain has marked two consecutive months of falling consumer prices for the first time on record in October, but economists say the bout of mild deflation is likely to end in the next few months.
3. PARIS — Additional spending on security in the wake of the Paris terror attacks means that France will not be able to meet its EU budget obligations, Prime Minister Manuel Valls says.
4. BEIJING — Chinese investment in Africa fell by more than 40 per cent year-on-year in the first half of 2015, officials say, as the Asian giant’s slowing growth dents its commodity demand.
5. ANKARA — Turkey has cancelled a $US3.4 billion ($A4.79 billion) tender awarded provisionally to China to develop a long-range missile defence system.
6. NEW YORK — Wal-Mart Stores have reported a rise in comparable sales at US stores in the third quarter but earnings dipped due in part to the strong dollar.
7. LONDON — British no-frills airline Easyjet has ordered 36 Airbus A320 jets worth $US3.8 billion ($A5.36 billion) at catalogue prices, after posting record annual profits on keen demand.