WORLD FINANCE UPDATE:
The Australian dollar has broken above 76 US cents as the greenback suffers and commodities strengthen.
At 0700 AEST on Tuesday, the local unit was trading at 75.97 US cents, up from 75.50 cents on Monday.
And the Australian share market looks set to open flat after Wall Street fell with gains in materials and banks countered by declines in consumer staples shares amid of an expected gloomy earnings season.
At 0645 AEST on Tuesday, the share price index was down five points at 4897.
ELSEWHERE:
PARIS - Growth is seen easing off in major advanced economies, the OECD says, with the outlook continuing to deteriorate in the US and Britain while the German economy is losing steam.
WASHINGTON - The US Justice Department has announced a $US5 billion ($A6.66 billion) settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.
LONDON - India's Tata Steel has agreed to sell part of its British business to investment firm Greybull Capital, preventing thousands of job losses, and freeing it up to focus on the sale of its other big plant in Wales.
DUISBURG, Germany - Tens of thousands of German steelworkers have taken to the streets, demanding more action against the dumping of cheap Chinese imports and greater job protection amid uncertainty over the future of Thyssenkrupp's steel business.
LONDON - UK's Competition and Markets Authority (CMA) has expressed serious concerns about the proposed merger between Hutchison 3G UK and Telefonica UK and sought the European Commission to prevent "long-term damage" to the UK mobile telecoms market.
ABU DHABI/KUALA LUMPUR - The mystery over who controlled a British Virgin Islands-registered company that received $US3.5 billion ($A4.66 billion) from Malaysia's scandal-tainted state fund 1MDB has deepened after a company in the Middle East with an almost identical name said the BVI firm did not belong to it.
NEW YORK - Hertz is cutting its revenue expectations for the year, saying that the rental car market is suffering from excess capacity.
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