Finance news you need to know today

During this time, the Australian dollar is slipping against its AMERICAN counterpart. The local currency was trading at 79.60 US cents at 0700 AEST on Tuesday, from 80.18 Monday.

WORLD FINANCE UPDATE:

WASHINGTON, DC — stricter international sanctions will only lead to North Korea to accelerate its nuclear program, according to Pyongyang.

LONDON — the BRITISH Prime Minister, Theresa may, has appointed a senior official to the brexit ministry of the EU as its advisor to take more control over divorce negotiations, just as Britain is trying to divert attention from talks on the future of relations with Europe.

WASHINGTON — US President Donald Trump’s top economic adviser, told the United Nations that the united States is distinguished by its plans to abandon the Paris climate agreement.

MONDAY HIGHLIGHTS:

TEN — Media mogul Bruce Gordon and Lachlan Murdoch would continue their legal battle against the CBS takeover of the Ten Network, after the loss of the Supreme Court challenge Monday.

AIR NZ — Air New Zealand has cancelled nearly 30 flights, including one each from Melbourne and Sydney due to a fuel shortage caused by a rupture of the line at the Auckland Airport.

Moody’s ARREARS — Australian mortgage arrears have reached their highest level in five years and are set to increase, according to new data.

Real estate PRICES, The last week has been the busiest for sales at auction for the month of June, but the clearance rate fell from a year earlier, housing prices are flat.

ANZ — ANZ said that the discussions on the future of its wealth business are ongoing following a report that it has received two overseas offers to buy it, at least one that is worth more than $4 billion.

RIO TINTO — Rio Tinto chief financial officer Chris Lynch will retire next year after more than four years in the role.

EVOLUTION — Evolution Mining has agreed to sell its Edna May gold mine in Western Australia to Ramelius Resources for up to $ 90 million.

AMAZON — the Majority of Australian consumers are willing to buy it on Amazon when it happens, but the majority of the nation, the retailers have no intention to compete with the online behemoth, a new study shows.

CYBER SECURITY — Many small and medium-sized companies could be at risk of losing money and customers because they do not have a cyber security plan.