WORLD FINANCE UPDATE:
The Australian dollar is slightly lower as worries over Iraq and Russia dampen market sentiment.
At 0630 AEST on Tuesday, the local unit was trading at 94.00 US cents, down from 94.07 cents on Monday.
And the Australian share market looks set to open lower after a choppy night on Wall Street where stocks ended slightly higher as investors weighed the Iraq crisis ahead of a US Federal Reserve policy decision.
At 0645 AEST on Tuesday, the June share price index futures contract was down seven points at 5,410.
ELSEWHERE:
WASHINGTON - The International Monetary Fund has slashed its forecast for the United States and urged policymakers to keep interest rates low and raise the minimum wage to strengthen growth.
WASHINGTON - US manufacturing output rose in May after shrinking in April, led by greater production of vehicles, computers and furniture.
WASHINGTON - The US Supreme Court has turned back Argentina's appeals against paying at least $US1.3 billion ($A1.4 billion) to "vulture fund" investors in its defaulted bonds, putting fresh pressure on the country's finances.
TOULOUSE, France - The French and German economy ministers have called on Washington to end what European governments consider illegal subsidies for US plane manufacturer Boeing.
NEW YORK - US industrial giant General Electric isn't planning to enter a bidding war for energy assets of French company Alstom, as Siemens and Mitsubishi unveil a rival bid.
AMSTERDAM - ING Group NV says it has set a pricing range for the sale of its European insurance arm that indicates the business is worth roughly seven billion euros ($A10.50 billion).
WASHINGTON - General Motors has recalled 3.4 million cars in North America to fix an ignition problem that could cause the car to lose power that is linked to injuries.
OTTAWA - Canadian smartphone maker BlackBerry has announced the release of new "enhanced security" for its popular BBM messaging, aiming to win back corporate users with high security needs such as banks.
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