WORLD FINANCE UPDATE:
The Australian dollar has edged lower as concerns over Chinese sharemarkets and fresh Greek eurozone exit talk emerged.
At 0630 AEST on Monday, the currency was trading at 72.93 US cents, down from 73.02 cents on Friday.
And the Australian share market looks set to open sharply lower following significant falls on international markets amid further fears over China's economy and a Greek exit from the eurozone.
At 0645 AEST on Monday, the share price index futures contract was down 110 points at 5,058.
ELSEWHERE:
BEIJING - China will allow its huge state pension fund to invest in domestic stocks in the wake of a massive market sell-off, it's been announced.
SEOUL - South Korea's dominant Samsung conglomerate will make its first entry into US stock markets next year with the listing of a biotechnology affiliate, a company official says.
WELLINGTON - Port of Tauranga now handles almost all of New Zealand's North Island's dairy exports following its Coda joint venture with Kotahi, the logistics company owned by Fonterra and Silver Fern Farms.
HARTFORD, Connecticut - Otis elevator, which rose with China's strengthening economy, now faces declining revenue as the world's second-largest economy slows.
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