A ROUNDUP of news in finance, economics and business from around the world:
INTERNATIONAL NEWS
BRUSSELS - French luxury goods billionaire Bernard Arnault has decided not to become Belgian to avoid negative publicity back home.
SAN FRANCISCO - LinkedIn says it has bought news reading app-maker Pulse, boosting the content offerings of the career-focused social network.
WASHINGTON - Electronic books provided 23 per cent of US publishing revenues in 2012 but sizzling growth rates have eased, according to industry figures.
ATHENS - Greece's public deficit effectively shot up to 10 per cent of output in 2012 owing to nearly 8 billion euros ($A10 billion) in state support to struggling banks, the statistics agency says.
NICOSIA - Cyprus has confirmed the cost of its EU-IMF bailout has surged to 23 billion euros ($A28.7 billion) from 17.5 billion euros, putting the already teetering economy in danger of collapse and further endangering large bank depositors.
PARIS - The International Energy Agency has forecast that global demand for oil would grow by 795,000 barrels per day to a total of 90.6 million barrels (mb/d), an estimate that was just slightly lower than its previous outlook, as a decline in Europe partially offset growth elsewhere.
LOCAL NEWS
CANBERRA - Politicians agree a high speed rail line along Australia's east coast could be a visionary game changer that could prepare the nation for its future.
SYDNEY - Treasurer Wayne Swan rejected the central bank's repeated requests to not pay the federal government an annual dividend this financial year.
PERTH - Woodside Petroleum is remaining tight-lipped on rumours that it is about to shelve its controversial $40 billion Browse liquefied natural gas project.
SYDNEY - NSW risks running out of gas unless it bolsters its "stuffed" coal seam mining operations, the federal opposition says.
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