WORLD FINANCE UPDATE:
The Australian share market looks set to ignore Wall Street’s positivity and to open half a per cent lower.
At 0700 AEDT on Monday, the share price futures index was down 28 points, or 0.49 per cent, at 5,724.
Meanwhile, the Australian dollar has regained some of its lost ground against the US dollar.
The local currency was trading at 78.12 US cents at 0700 AEDT on Monday, from 77.76 on Friday.
WASHINGTON, DC – President Donald Trump has signed the budget deal.
SAN FRANCISCO – Uber will pay $US245 million ($A343 million) worth of its own shares to Waymo to settle a legal dispute over trade secrets.
WASHINGTON, DC – OxyContin maker Purdue Pharma LP says it has cut its sales force in half and will stop promoting opioids to doctors, following widespread criticism of the ways that drugmakers market addictive painkillers.
PARIS – Four tobacco companies operating in France manipulated tests to conceal the real level of nicotine and tar contained in cigarettes, endangering the lives of smokers, a French anti-smoking organisation alleged in a legal complaint.
ZURICH – The Swiss military might be neutral when it comes to wars, but not when it concerns its name being used on Swiss watches.