WORLD FINANCE UPDATE:
The Australian dollar is higher, as it gradually regains the losses made after the release of strong US employment figures last week.
At 0630 AEDT on Tuesday, the local unit was trading at 87.59 US cents, up from 87.05 cents on Monday.
And the Australian share market looks set to open higher despite Wall Street falling following its initial gains at the open.
At 0645 AEDT on Tuesday, the December share price index futures contract was up 18 points at 5,297.
ELSEWHERE:
PRETORIA - South Africa's president has tapped deputy governor Lesetja Kganyago to lead the country's central bank, hoping to reassure jittery markets after respected governor Gill Marcus resigned.
PARIS - Global demand for steel will grow by just 2.0 per cent this year owing to a rebalancing of the Chinese economy and a slowdown in other emerging countries, the sector's trade body says.
SAN FRANCISCO - Facebook has completed its $US19 billion ($A20.56 billion) buy of mobile messaging application WhatsApp, appointing one of the startup's co-founders to the social network's board as part of the deal.
NEW YORK - Hewlett-Packard says it will split into two separate, listed companies by separating its computer and printer businesses from its corporate hardware and services operations.
NEW YORK - Investors have smiled on medical-device maker BD's $US12.2 billion ($A13.20 billion) acquisition of rival CareFusion, boosting both stocks after the deal was announced.
PARIS - The board of directors of French holiday firm Club Med have unanimously recommended that shareholders accept an improved bid from Chinese conglomerate Fosun and its partners.
LONDON - Richard Branson's Virgin Atlantic will shut its short-haul domestic service in Britain, partly owing to a lack of demand for connections with its long-haul operations.
PARIS - European aerospace giant Airbus Group says it has taken 791 net orders for aircraft in the first nine months of the year, putting it well behind main US rival Boeing.
NEW YORK - A Chinese insurance company has bought Hilton's New York luxury flagship hotel the Waldorf Astoria for $US1.95 billion ($A2.11 billion).
PARIS - The operator of struggling Disneyland Paris, a top European tourist attraction, has unveiled a massive refinancing package as it battles a drastic fall in visitor numbers and a debt mountain.
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