Finance news you need to know today

THOUSANDS of people are demonstrating across India to protest the government’s decision to withdraw large-denomination currency from circulation.

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

1. SYDNEY — The Australian dollar has drifted fractionally higher against its US counterpart, as the greenback dips. At 0635 AEDT on Tuesday, the local unit was trading at 74.79 US cents, up from 74.74 cents on Monday.

2. SYDNEY — The Australian market looks set to open slightly higher despite Wall Street falling, weighed down by financial and consumer discretionary stocks as some investors cashed in following a record-setting week. At 0645 AEDT on Tuesday, the share price index was up six points at 5,478.

3. GENEVA — A World Trade Organization panel has ruled that Washington state offered billions in illegal tax breaks to plane maker Boeing, saying that the US government must take action to end the plans within months.

4. OSLO — Britain and Norway will begin a dialogue on trade policy in December after Britain’s vote in June to leave the European Union.

5. FRANKFURT — Lufthansa is cancelling around 1700 flights over the next two days due to a fresh strike by pilots in a long-running dispute about pay.

6. NEW DELHI — Thousands of people are demonstrating across India to protest the government’s sudden decision to withdraw large-denomination currency from circulation, a move that has caused enormous hardship to millions in the country’s predominantly cash-based economy.