Finance news you need to know today

UK PM Theresa May has pledged to address business concerns that Britain could fall off a “cliff edge” into uncertain trading conditions after leaving the EU.

HERE are six things making news in business and finance today.

1. SYDNEY — The Australian dollar has crept higher against its US counterpart, retracing some of the losses of the previous session as the greenback’s 10-day rally loses steam. At 0635 AEDT on Tuesday, the local unit was trading at 73.49 US cents, up/down from 73.22 cents on Monday.

2. SYDNEY — The Australian market looks set to recoup the previous choppy session’s losses and open higher, following gains on Wall Street. At 0645 AEDT on Tuesday, the share price index was up 34 points at 5,387.

3. LONDON — Prime Minister Theresa May has pledged to address business concerns that Britain could fall off a “cliff edge” into uncertain trading conditions after leaving the EU, hinting at some form of a transitional agreement.

4. LONDON — The UK government is preparing to take action to tackle problems with executive pay and accountability and ensure employees have “a voice” in company boardrooms, Prime Minister Theresa May has announced.

5. ISTANBUL — European members of NATO must meet their commitments to spend two per cent of their GDP on defence budgets, the head of the military alliance said Monday, after speaking with US president-elect Donald Trump.

6. BERLIN — Slowly but surely, the economic policy tide in Europe is turning, and it may only be a matter of time before Germany is swept up.