A ROUNDUP of news in finance, economics and business from around the world:
INTERNATIONAL NEWS
JERUSALEM - Israel's security cabinet is in marathon talks on proposed cuts in defence spending of more than a billion dollars, amid mounting public opposition to the finance minister's austerity plans.
JOHANNESBURG - A union representative in South Africa's platinum belt has been gunned down before he could testify at an inquiry into violent strikes, a union leader says, amid ongoing tension in the country's platinum producing sector.
LONDON - Oil company BP says it is temporarily withdrawing some non-essential and foreign staff from its office in Libya's capital following similar action by Britain's Foreign Office.
WELLINGTON - SkyCity will stump up $402 million for a new international convention centre under a deal with the government that gives it a massive extension of its casino licence and 230 extra pokie machines.
DHAKA - Bangladesh has set up a panel to raise the minimum wage for more than three million garment workers after a series of disasters highlighted the poor conditions they endure.
WELLINGTON - The New Zealand dollar fell after a report that the US Federal Reserve is planning to slow its policy of quantitative easing, increasing the attractiveness of US dollar assets.
LOCAL NEWS
BRISBANE - The Australian dollar is weaker after a weekend article in the Wall Street Journal convinced traders to snap up the US greenback.
SYDNEY - The Australian market looks set to open higher after gains on Wall Street as Group of Seven finance chiefs met in Britain to discuss economic challenges.
MELBOURNE - The federal government is spending $300 million to make it easier for people to work or study while they are on income support payments.
CANBERRA - Australia's embassy in Budapest will close as part of budget cuts to foreign affairs and a re-jig of aid spending.
SYDNEY - There are no plans to allow commercial logging in NSW national parks, the state government says.
BRISBANE - David Jones says it will play hardball with shopping centre landlords over leasing arrangements.
SYDNEY - The 2014 Winter Olympics will be broadcast by the Ten Network.
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