Finance News Update, what you need to know

(Australian Associated Press)

WORLD FINANCE UPDATE:

The Australian dollar has continued to climbe against the US dollar but has fallen against the yen.

At 0635 AEDT on Tuesday, the local unit was trading at 76.25 US cents, up from 76.00 cents on Monday.

The Australian market looks set to open flat despite falls on Wall Street where energy stocks slipped along with oil prices.

At 0645 AEDT on Tuesday, the share price index was down two points at 5,371.

ELSEWHERE:

NEW YORK – Donald Trump’s son-in-law, Jared Kushner, informally approached LionTree Advisors Chief Executive Aryeh Bourkoff about setting up a Trump TV network after the US presidential election, but the investment bank does not want to be involved in the process, according to a person familiar with the matter.

LONDON – Britain and New Zealand have agreed to set up regular trade policy talks to help push for greater global trade liberalisation and reform as Britain leaves the European Union, trade minister Liam Fox says.

LONDON – A decision by NatWest to withdraw banking services in Britain from state-funded Russian broadcaster RT is a matter for the bank, British Prime Minister Theresa May’s spokeswoman says.

LONDON – Once Britain triggers its formal divorce from the European Union by invoking Article 50 of the Lisbon Treaty, there is no going back on the decision, the British government’s top lawyer has told the High Court.

 

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