澳洲新闻 (ABC新闻快递) 2009-11-14（在线收听）

The Eurozone has emerged from recession after the deepest downturn since the Second World War. Sixteen European Union countries use the Euro currency. Output for those countries grew by 0.4% in the third quarter of this year. That news gave market sentiment a bit of a boost overnight. London’s FTSE closed up more than a third of a percent with the DAX making similar gains. Stocks in the US rose on Friday, setting up a second week of straight gains. Upbeat retail news reinforced hopes for strong sales in a holiday period. Local markets dropped on Friday, way down by weaker resort stocks. And briefly to the currency markets early on Saturday, the Australian dollar was inching up against the greenback.

And British Airways has moved to hold its ranking as a giant in the skies with a proposal to merge with Spanish carrier, Iberia. BA says it will give the airline access to South American routes. The tie-up is being seen as a move to avoid being sidelined by rivals, Air France and Lufthansa. The BA chief executive has admitted there would be more job cuts as a result of the proposed marriage.

 And that’s your ABC Business News up-to-date.