WORLD FINANCE UPDATE:
The Australian dollar is back at 88 US cents against the weaker greenback.
At 0630 AEDT on Tuesday, the local currency was trading at 88.00 US cents, up from 87.75 cents on Monday.
And the Australian share market looks set to open higher after Wall Street recovered early losses to trade in positive territory.
At 0645 AEDT on Tuesday, the December share price index futures contract was up 13 points at 5,319.
ELSEWHERE:
NEW YORK - China's economic growth will decelerate to four per cent a year between 2020 to 2025 - well below widespread expectations of steady seven per cent to eight per cent growth over the next decade, a business research group predicted.
WASHINGTON - US businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.
BERLIN - Lufthansa pilots have launched a strike, deepening Germany's travel chaos after train drivers stopped work at the weekend.
DETROIT - At least 29 people have died and 27 people have been seriously injured in crashes involving General Motors cars with defective ignition switches.
DETROIT - Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the car industry continues to widen.
NEW YORK - International Business Machines Corp has reported third-quarter net income of $US18 million ($A19.5 million).
STOCKHOLM - Growth in the US and efficiency gains in Europe has helped Swedish home-appliance maker Electrolux post a 42 per cent jump in third-quarter profits.
RICHMOND, Virginia - The CEO of Newport cigarette maker Lorillard Inc is set to receive more than $US44 million ($A48 million) following the planned $US25 billion merger with Reynolds American Inc, regulatory filings show.
PARIS - Areva chief executive Luc Oursel says he has stepped down for health reasons, more than three years after he was appointed to head up the French nuclear giant.
NEW YORK - IKEA, whose stadium-sized furniture stores draw shoppers from miles around, is making an online push.
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