WORLD FINANCE UPDATE:
The Australian dollar is is higher, continuing to recover losses made after the US Federal Reserve announced it will reduce its economic stimulus measures.
At 0630 AEDT on Monday, the local unit was trading at 89.26 US cents, up from 88.74 cents on Friday.
And the Australian share market looks set to open higher after better than expected US economic growth figures sent Wall Street to a record high on Friday.
At 0700 AEDT on Friday, the March share price index futures contract was up 11 points at 5,236.
ELSEWHERE:
WASHINGTON - The US economy grew at a robust 4.1 per cent annual rate in the third quarter, much faster than previously estimated, the Commerce Department said on Friday.
BERLIN - Mikhail Khodorkovsky, the onetime Russian oil tycoon who was imprisoned for a decade in a politically tinged case, said Sunday he doesn't intend to get involved in politics or finance Russia's political opposition now that he's been pardoned and released.
DHAKA, Bangladesh - Police charged the owners of a Bangladeshi garment factory and 11 employees with culpable homicide Sunday for alleged negligence leading to the death of 112 workers in a raging fire that engulfed the factory last year.
