澳洲新闻 (ABC新闻快递) 2009-11-21

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Stocks in Europe have dropped for 4th consecutive¹ day, marking the longest losing streak² in four months. The Euro stock dipped almost 1%, the share markets slumped³ after the European Central Bank announced it would withdraw some emergency cash. The President of ECB, Jean-Claude Trichet, said that the bank will scale back its liquidity⁴ measures because some stimulus⁵ controls are no longer needed.

Police have raided the offices of a Reserve Bank subsidiary in Melbourne, Securency International is half owned by the Reserve and makes banknotes. Officers are investigating claims the company breached⁶ Australia's bribery⁷ laws for printing plastic banknotes in other countries. The managing director's been stood down, pending⁸ investigations⁹.

Internet company AOL will lay off about a third of its workforce¹⁰ once it’s spun¹¹ off from media giant Time Warner. The move will involve about 2,300 job cuts of the firm which currently employs almost 7,000 workers.

Let's take a look at how Wall Street finished the week. Worse-than-expected earnings¹² results from computer company Dell pushed down US stocks. The Dow Jones dipped 14 points, while the S&P lost a third  of a percent. And the Aussie dollar has slipped against the greenback.

That's ABC Business News.