WORLD FINANCE UPDATE:
The Australian dollar is lower after the release of strong US economic growth figures.
At 0630 AEST on Monday, the local unit was trading at 87.57 US cents, down from 87.66 cents on Friday.
And the Australian share market looks set to open higher after solid gains on Wall Street on a strong Nike earnings report and a rally in Apple shares.
At 0645 AEST on Monday, the December share price index futures contract was up nine points at 5,313.
ELSEWHERE:
KIEV - War-torn Ukraine has distanced itself from an EU-brokered agreement with Russia that would have restored its gas supplies during winter and helped rebuild trust between the neighbouring foes.
MOSCOW - Russia's state-owned Rosneft says it has found oil in the Kara Sea off the north coast of Siberia in a joint drilling project with US oil giant ExxonMobil.
BEIJING - China has announced the lifting of restrictions on foreign investment for several industries, from green tea to civil aeroplane engines, in a special free trade zone in the business hub of Shanghai.
WASHINGTON - Unregulated genetically modified wheat has emerged in a second location in the United States.
CARACAS - The Venezuelan government has announced it is temporarily taking control of a Clorox factory, after the US-based firm said it was leaving the country and selling its assets.
PARIS - The chairman of BNP Paribas has resigned, some three months after the French bank was hit by a record $US8.9 billion ($A9.63 billion) fine for violating US sanctions, the bank says.
NEW YORK - The biggest star in the bond market has shocked the financial world by leaving the huge money management firm he has led for four decades and joining a much smaller rival.
WASHINGTON - US regulators have charged two companies and three individuals with operating a pyramid scheme that made about $US129 million ($A139.57 million) from preying on investors in China, Taiwan and the US.
LOS ANGELES - Japanese telecommunications group SoftBank is in talks to buy DreamWorks Animation, the biggest independent animated film studio in Hollywood, in a deal valuing the company at $US3.4 billion ($A3.68 billion), The Hollywood Reporter says.
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