WORLD FINANCE UPDATE:
The Australian dollar has fallen sharply following the devaluation of the Chinese yuan and Britain's ratings downgrade.
At 0700 AEST on Tuesday, the local unit was trading at 73.29 US cents, down from 74.20 cents on Monday.
And the Australian share market looks set to open lower after Wall Street again fell following Britain's shock vote to leave the European Union, sending major US stock indexes to their worst two-day swoon in about 10 months.
At 0645 AEST on Tuesday, the share price index was down 61 points at 5,007.
ELSEWHERE:
LONDON - Fitch Ratings has cut Britain's credit rating and is warning more downgrades could follow, joining Standard & Poor's in judging that last week's vote to leave the European Union will hurt the economy.
LONDON - Sterling is continuing its steep slide against the US dollar as concerns about the British economy deepened in the wake of Brexit.
LONDON - Britain's finance minister says the country's economy was strong enough to cope with volatility caused by its vote to leave the European Union, whose leaders demanded a quick divorce and promised no special treatment.
SINTRA, Portugal - European Central Bank president Mario Draghi has expressed "sadness" over Britain's vote to leave the European Union, which has roiled global markets and raised questions about the future of the EU.
WASHINGTON - US Treasury Secretary Jacob Lew says that the Brexit vote is "an additional headwind" for the US and global economies but "there is no sense of a financial crisis developing".
WASHINGTON - A new Washington study says Donald Trump's tax and budget plans would make the national debt skyrocket by $US10 trillion ($A13.46 trillion) or more over the coming decade, mostly because of his ambitious and expensive tax cuts.
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