In the U.S, trading comes to a close shortly and the Dow Jones is up, while the S&P 500 is down.

And the Australian dollar is worth nearly 96 USthis morning. It'll also buy you 64 British pence and 119 New Zealand.

 

Australian shares have recalled their worst weekly performance this year with the second straight day of heavy falls on Friday.After a very brief early gains, the market was in a downward drift all day, leaving the broad All Ordinaries index 1.5% lower at 4,964 by the close of trade. In total, more than 50 billion dollars was wiped off the value of the Australian share makert on Thursday and Friday. Analysts say the sudden selloff comes in reponse to messages from the US Federal Reserve.

 

Indonesia's banking sector's being urged to be ready to competeon the world stage. The call comes as Indonesian authorities negotiate access into foreign markets. Indonesia's new Central Bank governor says Indonesian banks will have to meet international standards as they move into markets in other regions.