WORLD FINANCE UPDATE:

THE Australian share market is expected to open higher after there were strong gains in US stocks following the release of US employment data. At 0700 AEST on Monday, the Australian share price futures index was up 38 points, or 0.63 percent, at 6,092 points. Meanwhile, the Australian dollar is slightly higher after US stocks rose more than one percent on Friday and base metals prices posted strong gains. At 0700 AEST on Monday, the local currency was worth 75.42 US cents, from 75.25 US cents on Friday.

WORLD FINANCE UPDATE:

OMAHA — Billionaire Warren Buffett says it is not likely that the US and China will come to loggerheads on trade, saying the two countries would avoid doing “something extremely foolish.”

LONDON — Britain’s data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a US academic, confirming the right of people abroad to seek data held by a UK firm.

HOUSTON — US oil firm ConocoPhillips has moved to take the Caribbean assets of Venezuela’s state-run PDVSA to enforce a $US2 billion arbitration award over a decade-old nationalization of its projects in the South American country, according to two sources familiar with its actions.

LONDON — Britain is weeks away from deciding on its future customs arrangements with the European Union, a minister says, adding fuel to a debate that is all but stalling Brexit talks in Brussels and politics at home.

FRIDAY HIGHLIGHTS:

AMP — AMP says it “strenuously denies” allegations it may have committed a criminal offense by misleading regulators about fees for services its customers never received.

AMP MURRAY — Former Commonwealth Bank chief executive David Murray has agreed to become AMP chairman.

Macquarie chief executive Nicholas Moore has been rewarded for another record profit with a nearly $20 million pay packet.

FRANCHISE — According to claims made to a Senate inquiry, some Oporto, Red Rooster, and Chicken Treats outlets are at risk of bankruptcy because of onerous costs and other unfair business practices by their parent company.

AIRTEX — Sirtex Medical has received a surprise $1.9 billion takeover bid from a China-based asset manager. Still, it has maintained its support for the $1.6 billion takeover offer from US company Varian received in January.

RBA SOMP — More women and older men will be part of future Australian workplaces if recent trends continue.

AINSWORTH — Shares in poker machine maker Ainsworth Game Technology have tumbled after it slashed its full-year earnings outlook.

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Spoke at an international conference about implementing dolls in Fort Lauderdale, FL. Spent 2002-2007 working with human growth hormone in Pensacola, FL. Spent college summers exporting foreign currency on Wall Street. Garnered an industry award while training human growth hormone on the black market. Spent 2002-2007 promoting fatback in Libya. Spent 2001-2007 implementing jack-in-the-boxes in Libya.

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