WORLD FINANCE UPDATE:
The Australian dollar is slightly lower, after political uncertainty in the US put an end to a rally.
At 0630 AEST on Monday, the local unit was trading at 70.28 US cents, down from 70.33 cents on Friday.
And the Australian share market looks set to open flat after Wall Street closed mixed with the market edgy due to concerns about global growth and uncertainty about US monetary policy.
At 0645 AEST on Monday, the December share price index futures contract was down four points at 5,028.
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ELSEWHERE:
BERLIN - Volkswagen ignored warnings from staff and a supplier years ago that the emission test rigging software that sparked the company's worst ever corporate scandal was illegal, newspaper reports say.
GENEVA - Swiss authorities have temporarily banned the sale of new Volkswagen brand diesel vehicles potentially equipped with pollution cheating software.
BERLIN - German car maker Porsche SE says it is buying 1.5 per cent stake of ordinary shares in Volkswagen AG from Suzuki.
WASHINGTON - The US economy struck a peppy 3.9 per cent annual growth rate in the second quarter, faster than originally thought and providing more fuel for a Fed rate hike, the Commerce Department says.
LONDON - Moody's has maintained its deep junk "Caa3" credit rating for Greek government debt, but has upgraded its outlook following recent political breakthroughs.
MANILA - The Asian Development Bank says it will double its annual lending for climate change adaptation to $US6 billion ($A8.53 billion) by 2020.
WASHINGTON - BlackBerry has announced plans to sell an Android-powered smartphone, in the latest reboot effort from the faded star of the sector.
