Finance News Update, what you need to know

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar has fallen back below 71 US cents, amid nervousness about the impact of the recent Paris attacks on market confidence.

At 0630 AEDT on Tuesday, the local unit was trading at 70.95 US cents, down from 71.14 cents on Monday.

And the Australian share market looks set to open higher, following the lead of US and European stocks despite nervousness and volatile trade following the Paris terrorist attacks.

At 0645 AEDT on Tuesday, the December share price index futures contract was up 55 points at 5,049.

ELSEWHERE:

BELEK, Turkey - The leaders of the world's largest economies have stuck to a goal of lifting their collective output by an extra two per cent by 2018, even though growth remains uneven and weaker than expected globally.

MANILA - Business leaders in the Asia-Pacific are losing confidence in their revenue prospects because of China's cooling economy and perceived higher risks in emerging markets, a survey shows.

BRUSSELS - Official figures show that inflation in the 19-country eurozone was 0.1 per cent in the year to October, slightly higher than the initial estimate of no change.

WASHINGTON - The International Monetary Fund welcomed an offer by Russia to restructure Ukraine's debt as a positive step.

OMAHA, Nebraska - Investor Warren Buffett's company sold some of its Goldman Sachs and Wal-Mart shares during the third quarter, and made several smaller changes to its stock portfolio.

NEW YORK - Marriott International is buying rival hotel chain Starwood for $US12.2 billion ($A17.15 billion) in a deal that will secure its position as the world's largest hotelier.


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Source: AAP



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