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Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian share market looks set to open almost half a per cent higher, following the lead of major international markets.

At 0700 AEST on Tuesday, the share price futures index was up 27 points, or 0.48 per cent, at 6,078.

Meanwhile, the Australian dollar on Tuesday morning is higher against its US counterpart.

The local currency was trading at 76.10 US cents at 0700 AEST on Tuesday, from 75.77 on Friday.

ELSEWHERE:

BERLIN - International Monetary Fund chief Christine Lagarde has led an attack by global economic organisations on US President Donald Trump's "America First" trade policy, warning that clouds over the global economy "are getting darker by the day".

SINGAPORE - US President Donald Trump has fired off a volley of tweets venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.

FRANKFURT - German prosecutors have widened an emissions cheating probe into Volkswagen's luxury carmaker Audi to include the brand's chief executive Rupert Stadler among the suspects accused of fraud and false advertising.

LONDON - Budget retail chain Poundworld has become the latest casualty on the British high street as it called in administrators, putting 5,100 jobs at risk.

SINGAPORE - Here's a look at how Tuesday's first-ever meeting between the leaders of North Korea and the United States might turn out:

SINGAPORE - North Korean leader Kim Jong-Un has left his luxurious hotel for a late-night city tour of Singapore, just hours ahead of his historic summit with US President Donald Trump.