WORLD FINANCE UPDATE:
The Australian dollar is lower after solid US employment figures raised hopes the Federal Reserve will raise its interest rate later this month.
At 0630 AEST on Monday, the local unit was trading at 69.12 US cents, down from 69.83 cents on Friday.
And the Australian share market looks set to open lower following Wall Street's fall of more than one per cent after a mixed US jobs report clouded prospects for a Federal Reserve interest rate rise amid China-induced global market turmoil.
At 0645 AEST on Monday, the September share price index futures contract was down 28 points at 4,997.
ELSEWHERE:
ANKARA - G20 finance ministers and central bank chiefs have pledged to act decisively to shore up stuttering global growth and to refrain from unsettling currency moves after China's controversial devaluation last month.
WASHINGTON - The US unemployment rate has fallen to 5.1 per cent, the lowest since early 2008, after the economy pumped out a modest 173,000 new jobs last month.
FRANKFURT - German industrial orders, a key measure of demand for goods in Europe's top economy, fell in July, weighed down by declining demand outside the euro area, the economy ministry says.
EAST PALO ALTO, California, Sept 3 AP - Toyota is investing $US50 million ($A71 million) with Stanford University and the Massachusetts Institute of Technology in the hope of gaining an edge in an accelerating race to phase out human drivers.
FRANKFURT, Sept 4 AFP - German chemicals and pharmaceuticals giant Bayer says it plans to float its polymers business Covestro on the stock exchange in the fourth quarter of this year.
SHANGHAI, Sept 4 AFP - Chinese leasing company Bohai will buy Irish jet lessor Avolon in a deal which values the company at $US7.6 billion ($A10.84 billion), according to a statement, as Beijing pushes its companies to search overseas for future growth.
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