WORLD FINANCE UPDATE:
The Australian dollar is lower with investors cautious about interest rates.
At 0700 AEST on Monday, the local unit was trading at 75.98 US cents, down from 76.50 cents on Friday.
And the Australian share market looks set to open lower after US equities fell, once again weighed down by company earnings.
At 0645 AEST on Monday, the share price index futures contract was down six points at 5,225.
ELSEWHERE:
BEIJING - Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, raising doubts about the sustainability of a recent pick-up in the world's second-largest economy.
TOKYO - International Energy Agency chief Fatih Birol says that oil prices may have bottomed but that would depend on global economic growth.
FRANKFURT - Deutsche Bank has "serious" and "systemic" failings in its controls against money laundering, terrorist financing and sanctions, according to a confidential letter by the UK's financial regulatory agency, the Financial Times has reported.
HONG KONG - Macau, the world's biggest casino hub, posted a drop of 9.5 per cent in gambling revenue for April, with the pace of decline decreasing from the previous month as the southern Chinese territory struggled to lure high-spending punters.
OMAHA - Warren Buffett has vigorously defended Berkshire Hathaway Inc's large, long-standing investment in Coca-Cola Co, rejecting critics who say the company's sugary drinks harm people's health.
NEW YORK - Nearly four million Nissan cars are being recalled due to major safety problems where passenger air bags or seat belts could fail in a crash.
WASHINGTON - An oil and natural gas field in the western United States is largely responsible for a global uptick of ethane emissions, according to a new study.
PANAMA CITY - Panama's government has established a committee of independent experts to make recommendations on cleaning up the country's financial system, after leaks of documents from a Panamanian law firm caused an international uproar over offshore accounts.
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