World News

Australia shares set to drop on resources woes










SYDNEY, Nov 13 (Reuters) - Australian shares are set to follow Wall Street downward on Friday, depressed by mining and energy stocks with a Brazil dam disaster weighing on BHP Billiton and worries about weak demand hitting metals and oil prices. Local share price index futures fell 1.3 percent to 5,063.0, and sat at a 62.7-point discount to the underlying S&P/ASX 200 index, pointing to a weaker opening. New Zealand's benchmark NZX 50 index dipped 0.2 percent to 6,010.7 in early trade.

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