WORLD FINANCE UPDATE:
The Australian dollar has extended a multi-week decline, with strength in the greenback and global risk aversion at play.
At 0700 AEST on Monday, the local unit was trading at 72.50 US cents, down from 72.89 cents on Friday.
And the Australian share market looks set to open lower after Wall Street fell, despite upbeat retail data, as a decline in oil prices added to pressure from consumer companies with gloomy quarterly reports from Nordstrom and JC Penney.
At 0645 AEST on Monday, the share price index was down 15 points at 5,316.
ELSEWHERE:
LONDON - The Bank of England governor has strongly defended his warning that a vote to leave the European Union could tip Britain into recession.
ATHENS - Greece aims to tap bond markets next year, Prime Minister Alexis Tsipras has told a Greek newspaper, after Athens started talks with creditors earlier this week on how to make the country's debt burden more manageable.
DHAKA - A Bangladesh government-appointed panel investigating the theft of $US81 million ($A112 million) from the country's central bank has found that SWIFT, the international banking payments network, committed a number of mistakes in connecting up a local network, the panel head says.
NEW YORK - The Federal Reserve Bank of New York is standing by its procedures for wiring funds after facing scrutiny over the $US81 million ($A111.5 million) cyber heist at the Bangladesh central bank, a letter released by a congresswoman shows.
NEW YORK - Saudi Arabia's credit rating has been downgraded by Moody's because of the long and deep slump in oil prices.
LONDON - Google faces a record antitrust fine of around 3 billion euros ($A4.68 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph says.
LAGOS - An explosion has closed a second Chevron facility in Nigeria, witnesses say, as renewed attacks by militants further cut production in Africa's biggest petroleum producer.
NEW YORK - Pfizer Inc has taken steps to ensure that none of its products are used in lethal injections.
Share
