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Australian shoppers tempted by special offers in May

Australian retail spending rebounded in May as consumers were tempted by online sales events and promotional discounting, a sign of resilience in consumption that might add to the case for another rise in interest rates. Data from the Australian Bureau of Statistics (ABS) on Thursday showed nominal retail sales rose 0.7% in May from April, when they were flat, handily beating forecasts of 0.1%. The ABS noted an early start to some end of financial year sales events boosted turnover, along with...
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Source: yahoo.com

EU should not 'lower the bar' to take in Ukraine, says Denmark - FT

Denmark supports EU membership for Ukraine, Moldova, Georgia and the western Balkans but "geopolitical circumstances" did not justify skating over governance reforms, Finance Minister Lars Løkke Rasmussen told the Financial Times on Thursday.
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