WORLD FINANCE UPDATE:
The Australian dollar has been buoyed by a rally in global oil prices.
At 0700 AEST on Monday, the local unit was trading at 75.47 US cents, up from 75.32 cents on Friday.
Westpac economists said oil prices had recorded large gains, up more than six per cent.
And the Australian share market looks set to open higher after gains on Wall Street following a sharp rally in crude oil.
At 0645 AEST on Monday, the share price index was up 20 points at 4,932.
ELSEWHERE:
LONDON - Britain has asked China to tackle over-capacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India's Tata Steel said caused it to pull out of the United Kingdom, putting 15,000 jobs at risk.
BEIJING - Sri Lanka has asked China to swap some of the $US8 billion ($A10.6 billion) the Indian Ocean country owes Beijing for equity in infrastructure projects and offered to sell stakes in Sri Lankan companies to Chinese ones.
LONDON - British Prime Minister David Cameron has taken the unusual step of publishing his tax records to try to end days of questions about his personal wealth raised by the mention of his late father's offshore fund in the Panama Papers.
SAN SALVADOR - Authorities in El Salvador have raided the local offices of Panamanian law firm Mossack Fonseca, seizing documents and equipment, the country's attorney general's office says.
HONG KONG - World Rugby has penned a 10-year deal with Chinese e-commerce giant Alibaba Group Holding Ltd to spark playing numbers and bring major events to the world's most populous country.
FRANKFURT - Volkswagen Chief Executive Matthias Mueller will push for a significant reduction in bonuses for the carmaker's management board, sources familiar with the matter say.
BARCELONA - The World Bank Group plans to invest more of its funds to help developing countries adapt to the impacts of climate change, in an effort to stop extreme weather and rising seas from making poverty worse.
CAPE CANAVERAL - An inflatable human habitat is scheduled for launch to the International Space Station for a two-year test to see how the lightweight, fabric module compares with traditional orbiting enclosures made from metal.
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