WORLD FINANCE UPDATE:
The Australian dollar is weaker against the greenback, which rose slightly as risk appetite firmed.
At 0630 AEDT on Monday, the currency was trading at 72.59 US cents, down from 72.90 cents on Friday.
And the Australian share market looks set to open higher following lifts on US and European markets amid hopes the US Federal Reserve will put back an interest rate hike in reaction to a stream of economic data.
At 0645 AEDT on Monday, the share price index futures contract was up 22 points at 5,274.
ELSEWHERE:
PARIS - Police have raided Volkswagen's French headquarters over an investigation into the massive pollution-cheating scandal that has engulfed the German auto giant, a judicial source says.
HANOVER - Former Volkswagen chief executive Martin Winterkorn has announced he is also stepping down as chairman of Porsche Holding Company.
PARIS - Air France will go ahead as planned and cut almost 1000 jobs in 2016 under the first part of a restructuring plan that triggered violent protests, the chief executive of Air France-KLM says.
ATHENS - Greece's parliament has narrowly adopted further reforms demanded by the country's international creditors in return for further bailout funds.
BERLIN - Scandal-plagued Deutsche Bank, Germany's biggest lender, has announced a major business and management shake-up that would "fundamentally change" its leadership structure.
SAN FRANCISCO - A US jury has declared that Apple owes $US234 million ($A319 million) in damages for infringing on mobile chip technology patented by University of Wisconsin researchers.
SAN FRANCISCO - The company behind online dating services Tinder, Meetic, and OkCupid has notified US regulators that it plans to look for love from investors by going public on Wall Street.
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