WORLD FINANCE UPDATE:
The Australian dollar has fallen on the back a decline in China's imports.
At 0700 AEST on Tuesday, the currency was trading at 73.16 US cents, down from 73.63 cents on Monday.
And the Australian share market looks set to open lower after a mixed performance on Wall Street following a bigger-than-expected drop in China's imports and exports in April pointed to weak demand in the world's second-biggest economy and weighed on materials stocks.
At 0645 AEST on Tuesday, the share price index was down 14 points at 5,299.
ELSEWHERE:
FRANKFURT, AP - A group of investigative journalists have published the names of thousands of offshore companies based on a massive trove of data on the finances of the rich and powerful that has become known as the Panama Papers.
BRUSSELS/ATHENS, Reuters - Euro zone finance ministers offered to grant Greece debt relief by giving it longer grace periods and bond maturities from 2018 if the country delivers by then on all reforms agreed under its latest bailout.
NEW YORK AP - Freeport-McMoRan will sell its stake in TF Holdings Limited to a Chinese mining company for $US2.65 billion ($A3.62 billion) as it continues to cut costs and sell assets in order to reduce its debt.
TOKYO AP - Japanese auto parts maker Takata Corp is expecting a loss instead of a profit for the fiscal year that ended in March because of ballooning costs from a massive global air-bag recall.
NEW YORK AP - Krispy Kreme is being taken private by JAB Beech in a deal worth approximately $US1.35 billion ($A1.83 billion).
