need2know: More losses ahead

News Corp, publisher of the Wall Street Journal, reported a 3 percent decline in quarterly revenue as advertising sales remained weak and subscription income fell. Zynga’s bookings fell 6. 7 per cent to $US175 million in the second quarter, as the publisher of “Farmville” and other games struggles to expand its mobile business and stem user losses.

The European Central Bank signalled it stands ready to print money and buy bonds if the euro zone slides towards deflation. “There is no doubt if you look at the world today that the geopolitical risks have increased,” Mario Draghi said, highlighting the uncertainty created by the situation in eastern Ukraine.

The European Central Bank signalled it stands ready to print money and buy bonds if the euro zone slides towards deflation. “There is no doubt if you look at the world today that the geopolitical risks have increased,” Mario Draghi said, highlighting the uncertainty created by the situation in eastern Ukraine.

Local shares are set to open lower amid a renewed global focus on the conflict between Russia and the West over Ukraine. • AUD at 92. 77 US cents, 94. 64 japanese yen, 69. 41 Euro cents and 55. 10 British pence. • On Wall St, S&P 500 -0. 6%, Dow -0. 5%, Nasdaq -0. • In Europe, Euro Stoxx 50 -1. 2%, FTSE -0. 6%, CAC -1. • Spot gold rose 0. 5% to $US1311. • Iron ore adds 0. 1 per cent to $US96. 00 per metric tonne.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions.

Read more here: SMH

    

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