Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is lower as the greenback regains ground following its post-jobs report slump.

At 0630 AEDT on Tuesday, the local currency was trading at 86.12 US cents, down from 86.74 cents on Monday.

And the Australian share market looks set to open higher following a positive lead from Wall Street.

At 0645 AEST on Tuesday, the December share price index futures contract was up 11 points at 5,551.

ELSEWHERE:

MOSCOW - Russia's central bank is floating the rouble and will intervene to prop up the currency which has lost nearly a quarter of its value so far this year only if "financial stability" is threatened.

GENEVA - The Financial Stability Board, a global banking watchdog, has proposed new rules that would push mega-banks to double their financial buffers in order to shield economies and taxpayers if they collapse.

DUBAI - A prolonged decline in oil prices will likely slow the economies of the energy-rich Gulf states and impact their massive infrastructure projects, Standard and Poor's Ratings Services says.

SAN FRANCISCO - Google has launched a campaign to raise money to fight Ebola, tossing $US10 million ($A10.8 million) into the pot and saying it will match donations to the fund two to one.

LONDON - Discount supermarket chain Aldi has pledged to create 35,000 new jobs in the UK as it strives for an estate of 1,000 stores by 2022.

OAK BROOK, Illinois - McDonald's Corp says that a key global sales figure slipped 0.5 per cent in October, with weakness in the US and ongoing difficulties from a food-safety scandal in China weighing down its business.

COPENHAGEN - Danish brewer Carlsberg has reported a drop in third quarter profit as the rouble tumbled amid the fallout of the Ukraine crisis and lower oil prices.

NEW YORK - General Motors ordered a half-million replacement ignition switches nearly two months before alerting regulators to a defect linked to at least 32 deaths, The Wall Street Journal has reported.

WASHINGTON - US President Barack Obama has voiced support for "free and open internet" rules that would ensure that no service is stuck in a "slow lane" without paying a fee.