WORLD FINANCE UPDATE:
The Australian dollar is weaker against the greenback, as the resumed fall in oil prices weigh on the US currency.
At 0723 AEDT on Tuesday, the local unit was trading at 69.65 US cents, down from 70.17 cents on Friday.
And the Australian share market looks set to open lower following falls on Wall Street and further declines in the price of oil.
At 0645 AEDT on Tuesday, the share price index was down 18 points at 4,931.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
ELSEWHERE:
MOSCOW - Russia's economy shrank 3.7 per cent in 2015, the worst drop since the depths of the global financial crisis, the state statistics service said.
RIYADH - The chairman of Saudi Arabia's state oil giant said that plans for a possible initial public offering are not being driven by a need for cash amid a global slump in oil prices, but instead signal a desire for greater openness to outside investors.
DETROIT - Ford Motor Co says it's pulling out of Japan and Indonesia before the end of the year because there is no path to grow sales or make sustained profits.
NEW YORK - McDonald's introduction of its all-day breakfast helped to lift sales by 5.7 per cent in the US, marking the second straight quarter of domestic growth as it fights to win back customers.
FRANKFURT - Siemens says net profit rose 42 per cent in the company's most recent quarter compared with a year earlier.
LOS ANGELES - Hilton is launching a new hotel brand focusing on budget travellers looking to spend $US75 to $US90 ($A107 to $A128) a night.
NEW YORK - Twitter says that four executives are leaving the company.
