WORLD FINANCE UPDATE:
The Australian dollar is down as Wall Street suffers following further losses on Chinese stock markets.
At 0700 AEDT on Thursday, the local unit was trading at 69.61 US cents, down from 70.26 cents on Wednesday.
And the Australian share market looks set to open sharply lower after Wall Street gave up early gains and fell into the red, and oil struggled to remain the $US30 mark.
At 0645 AEDT on Thursday, the share price index was down 111 points at 4,826.
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GENEVA - North Korea's foreign minister is no longer invited to the World Economic Forum's annual Davos meeting at the end of January after the country's latest nuclear test, organisers said.
