WORLD FINANCE UPDATE:
The Australian dollar has edged lower as commodities took a hit following the release of weak Chinese industrial production data.
At 0630 AEDT on Tuesday, the currency was trading at 72.52 US cents, down from 72.73 cents on Monday.
And the Australian share market looks set to open flat after US and European shares fell following disappointing Chinese industrial output figures.
At 0645 AEDT on Tuesday, the December share price index futures contract was down two points at 5,235.
ELSEWHERE:
WASHINGTON - A group of world leaders have called for countries around the world to put a price on carbon to strengthen the international fight against climate change.
MOSCOW - Russia's economy has shrunk 4.3 per cent in the third quarter this year, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.
NEW YORK - Morgan Stanley's earnings have dropped 42 per cent in the third quarter, more than analysts forecast, as the bank's bond trading business weakened.
NEW YORK - Oprah Winfrey is taking a 10 per cent stake in Weight Watchers for about $US43.2 million ($A59.5 million) and is joining the weight management company's board.
LONDON - One of China's top businessmen, Alibaba founder Jack Ma, has been appointed by British Prime Minister David Cameron to advise him on business, Downing Street says.
PAWTUCKET, Rhode Island - Sales of girls' toys and games dropped in Hasbro's third quarter, sending the toy maker's shares down more than seven per cent.
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