WORLD FINANCE UPDATE:
The Australian dollar is higher on the back of stronger-than-expected Chinese gross domestic product figures.
At 0630 AEDT on Tuesday, the Australian dollar was trading at 88.02 US cents, up from 87.79 cents on Monday.
And the Australian share market looks set to open lower after a mixed and lacklustre performance on international markets with Wall Street closed and China turning in disappointing growth data.
At 0650 AEDT on Tuesday, the March share price index futures contract was down seven points at 5,249.
ELSEWHERE:
GENEVA - Global unemployment climbed by five million people in 2013 to 202 million despite green shoots in the world economy, signalling a jobless recovery, the International Labour Organisation says.
PARIS - The world's elite have rigged laws in their own favour undermining democracy and creating a chasm of inequality across the globe, charity Oxfam said in advance of the annual get-together of the world's most powerful at Davos.
ANKARA - Turkey's currency has sunk to new record lows, pummelled by the continuing political woes of Prime Minister Recep Tayyip Erdogan's government.
LONDON - Energy giant Royal Dutch Shell has announced the sale of stakes in Australian natural gas assets for more than $US1 billion to a Kuwaiti state company.
HARARE - Major platinum miners in Zimbabwe have handed in plans to build a refinery in the country ahead of a planned ban on raw platinum exports, an official says.
AMSTERDAM - Belgium's AB InBev, the maker of Budweiser, says it has agreed to repurchase South Korea's Oriental Breweries from private equity firms for $US5.8 billion ($A6.63 billion).
PARIS - Shares in troubled French auto group PSA Peugeot Citroen have plunged after the company's management approved plans for Chinese group Dongfeng and the French state to take major stakes.
FRANKFURT - Shares of Deutsche Bank AG have fallen sharply after Germany's biggest lender announced an unexpected fourth-quarter loss largely due to weak investment banking results and the cost of strengthening its finances.
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