Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is higher after better-than-expected Chinese trade figures gave the currency a boost.

At 0630 AEDT on Tuesday, the local currency was trading at 87.67 US cents, up from 87.34 cents on Monday.

And the Australian share market looks set to open lower following further falls, of more than half a per cent, on Wall Street.

At 0645 AEDT on Tuesday, the December share price index futures contract was down 23 points at 5,114.

ELSEWHERE:

MOSCOW - Russia's rouble has slumped to a new all-time low against the euro as the spillover from the Ukraine crisis and falling oil prices pummelled the economy.

NEW DELHI - India's consumer price inflation slid unexpectedly in September to its lowest in nearly three years, data showed Monday, giving more scope for an interest rate cut that could spur a stuttering economy.

DUBLIN - Ireland is set to depart from six years of deep austerity as Dublin delivers its first post-bailout budget, with changes to corporate tax rules also expected in the wake of an Apple probe.

STOCKHOLM - Sweden's new Social Democrat-led government has lowered the growth forecast, blaming sweeping tax breaks by the outgoing conservative coalition for a "large hole" in finances.

DETROIT - At least 27 people have died and 25 people have been seriously injured in crashes involving General Motors cars with defective ignition switches.

NEW YORK - Italian carmaker Fiat Chrysler Automobiles has moved higher in its first day of Wall Street trade after shifting its main listing from Milan to attract more investment.

LONDON - US pharmaceuticals firm Steris Corp has agreed a $US1.9 billion ($A2.1 billion) takeover of Britain's Synergy Health, in a deal that will cut its tax bill.

HOUSTON, Texas - Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $US6 billion ($A6.5 billion), creating a huge energy transportation and storage company.

BEIJING - US entertainment firm Universal Parks & Resorts will invest more than $US3 billion ($A3.25 billion) with a Chinese partner to open a movie theme park in Beijing in 2019, the city government and state media say.

BERLIN - Google boss Eric Schmidt says his company's biggest competition as a search engine came from e-commerce giant Amazon, not from its traditional rivals.