WORLD FINANCE UPDATE:
A dip in global oil prices has dragged the Australian dollar lower.
At 0700 AEST on Tuesday, the local unit was trading at 77.15 US cents, down from 77.50 cents on Friday.
And the Australian share market looks set to open lower after Wall Street fell, dragged down by energy shares amid a decline in oil prices.
At 0645 AEST on Tuesday, the share price index was down 25 points at 5,211.
ELSEWHERE:
LONDON - Global investors are expected to pull $US538 billion ($A699.25 billion) out of China's slowing economy in 2016, the Institute of International Finance (IIF) has estimated, although the pace of outflows has dropped.
DUBAI - Oil exporting countries in the Middle East lost a staggering $US390 billion ($A506.89 billion) in revenue due to lower oil prices last year, and should brace for even deeper losses of more than $US500 billion this year, the International Monetary Fund says.
RIYADH - The powerful young prince overseeing Saudi Arabia's economy has unveiled ambitious plans aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.
LONDON - UK consumer confidence has stumbled in the first quarter, driven by increasing concerns about health and wellbeing, a survey has found.
WASHINGTON - Americans stepped back from buying new homes in March, the third straight monthly decline as sales plunged sharply in the Western states.
BANGKOK - Thailand plans to sell the remaining 11.4 million tonnes of rice in government stockpiles within two months, the country's rice management board says.
FRANKFURT - Deutsche Bank co-CEO Juergen Fitschen has been acquitted of attempted fraud charges related to the bank's long-running battle with the heirs of a now-deceased media mogul.
LONDON - The troubled British department store chain BHS has called in administrators after failing to secure a rescue package, putting 11,000 jobs are at risk.
NEW YORK - Newspaper publisher Gannett is offering to buy Tribune Publishing Co for approximately $US388.3 million ($A504.68 million).
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