Finance News Update, what you need to know

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is lower as the US dollar rallies on expectations of a Federal Reserve rate rise in December.

At 0630 AEDT on Tuesday, the currency was trading at 70.51 US cents, down from 70.65 cents on Monday.

And the Australian share market looks set to open lower after falls on US and European stocks as investors brace for a US interest-rate rise and fret about weak Chinese trade data.

At 0645 AEDT on Tuesday, the December share price index futures contract was down 62 points at 5,055.

ELSEWHERE:

MARIANA - Brazilian authorities have halted all operations at an iron ore mine where the collapse of a waste reservoir triggered a mudslide that killed at least four people, the state government says.

PARIS - Global trade flows have fallen dangerously close to levels usually associated with a global recession, although actions taken by China and others should ensure a pick-up in 2016, the OECD says in a report.

BERLIN - Germany's exports and imports have both rebounded in September after falls a month earlier, as the trade surplus shrank slightly to 19.4 billion euros ($A29.68 billion), official data shows.

MUMBAI - Nestle's hugely popular Maggi noodles have returned to shelves in India five months after the government banned them over lead levels, in one of the biggest crises to hit the Swiss giant.

DUBAI - India's Jet Airways has confirmed an order for 75 Boeing 737 planes previously listed on the US manufacturer's book as for an undisclosed client.

PARIS - French telecoms giant Orange says it has sold its 70 per cent stake in Telkom Kenya to UK private investment firm Helios Investment Partners.


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2 min read

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Source: AAP



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