WORLD FINANCE UPDATE:
The Australian dollar is little changed against most major currencies following a volatile week of trade.
At 0700 AEST on Monday, the currency was trading at 73.59 US cents, down from 73.66 cents on Friday.
And the Australian share market looks set to open higher after gains on US and European markets despite Concerns over global growth and the failure of extraordinary central bank stimulus keeping a lid on any optimism.
ELSEWHERE:
WASHINGTON - The US economy added the fewest number of jobs in seven months in April and Americans dropped out of the labour force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year.
BEIJING - China's exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world's second-largest economy.
RIYADH - Saudi Arabia's King Salman has replaced his veteran oil minister and the central bank governor in a major reshuffle of senior positions a week after announcing big economic reforms.
BEIJING - Mining giant Rio Tinto has announced the launch of the next stage of a multibillion-dollar copper mine in Mongolia following delays and political tension over revenue sharing and the foreign role in resource industries.
NEW YORK - Warren Buffett's Berkshire Hathaway Inc has confirmed that its first-quarter profit rose 8 per cent, while operating results fell short of analyst forecasts after demand fell at its BNSF railway unit.
MACAU - Macau has launched an ambitious five-year development plan to wean its market off gambling revenues, amid forecasts from the International Monetary Fund that the economy of the autonomous Chinese region will contract by 7.2 per cent in 2016, according to the Monetary Authority of Macau.
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