Finance news you need to know today

BRITAIN’S Treasury chief has warned of turbulence in coming years as the country negotiates its exit from the European Union.

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

1. SYDNEY — The Australian dollar has risen against its US counterpart. At 0635 AEST on Tuesday, the local unit was trading at76.76 US cents, up from 76.51 cents on Monday.

2. SYDNEY — The Australian market looks set to open lower after Wall Street fell with investors fretting about the health of big banks. At 0645 AEST on Tuesday, the share price index was down 16 points at 5,448.

3. WASHINGTON — US factories ramped up activity in September, shaking off a one- month contraction in a sign America was resisting the downward pull of the weakening global economy.

4. LONDON — Britain’s Treasury chief has warned of turbulence in coming years as the country negotiates its exit from the European Union, while the pound fell on indications the government may give up on continued access to the EU’s common market.

5. LONDON — Sterling is sliding towards a three-decade low after Prime Minister Theresa May set a March deadline for the formal departure process from the European Union to begin, sending British shares to a 16-month high.

6. BENGHAZI — Libya’s Arabian Gulf Oil Company (AGOCO) says its production had risen to 320,000 barrels per day (bpd), from 290,000 bpd late last week.

7. TORONTO — Canada’s federal government is vowing to bring in a minimum price on carbon emissions by 2018, prompting the energy-producing province of Alberta to demand approval of a key oil pipeline in return.

8. WASHINGTON — New York’s attorney general is ordering Donald Trump’s charitable foundation to immediately stop fundraising in the state, saying the Trump Foundation was breaking a law that requires charities to register with the state.