澳洲新闻 (ABC新闻快递) 2013-07-21
时间：2013-12-12 07:23:42
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And when the markets in Europe closed a couple of hours ago, London's FTSE 100 was down. The Dax and Euro were also down. In the US, trading comes to a close shortly and the Dow Jones is down five points, while the S&P 500 is down three.The Australian dollar is worth nearly 92 US cents this morning. It'll also buy you 60 British pence and 1 dollar and 15 cents New Zealand.
G20 finance ministers have backed a
radical1 tax reform plan. It takes aim at the loopholes used by
multinational2 firms. The plan will make it more difficult for companies to
stash3 profits
offshore4, while allowing countries to tax profits held in offshore subsidiaries. Low tax payments by major corporations such as Google, Amazon and Facebook can spark recent public anger among European voters.
China has announced that it's
scrapping5 controls on interest rates charged on bank lending. It means banks will be allowed to set loan rates independently.
Analysts6 describe it as an important step towards liberalising the country's financial system.
Some good news for the US.
Auto7 industry after Detroit was declared bankrupt. Analysts say the industry is safe for about second half of the year with sales nearing levels recorded before the 2008 economic downturn. New vehicle production in Northern America grows 4 per cent in the frist half of the year.
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