WORLD FINANCE UPDATE:
The Australian dollar is back above 94 US cents as the greenback continues to weaken.
At 0630 AEST on Wednesday, the local currency was trading at 94.01 US cents, up from 93.87 cents on Tuesday.
And the Australian share market looks set to open lower, following Wall Street's downward lead as its investors fret over the prospect of higher interest rates before the kickoff of the US earnings season.
At 0645 AEST on Wednesday, the September share price index futures contract was down 24 points at 5,448.
ELSEWHERE:
WASHINGTON - US employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.
PARIS - The Bank of China has issued yuan-denominated bonds in Paris for the first time, raising two billion yuan ($A343 million) in the process, the Paris Europlace organisation says.
NEW YORK - Germany's Commerzbank is negotiating a fine with US authorities of at least 500 million dollars over allegations it dealt with countries blacklisted by the US such as Iran, the New York Times reports.
NEW YORK - Boeing would be the biggest loser among American industrial giants from a move by congressional Republicans to close the US Export-Import Bank, a Standard & Poor's report says.
NEW YORK - US drug maker AbbVie has raised its offer for Irish rival Shire Pharmaceuticals by about 11 per cent, arguing a merger would benefit shareholders of both companies.
LONDON - Sales of luxury Rolls-Royce cars, which cost hundreds of thousands of dollars, soared all around the world during the first half of the year.
WASHINGTON - President Barack Obama has requested $US3.7 billion ($A4 billion) in emergency funding from Congress to help cope with a surge of unaccompanied child immigrants from Central America.
COLUMBUS, Ohio - An Ohio man who jokingly sought $US10 to pay for his first attempt at making potato salad has raised more than $US37,000 ($A40,032) from a crowdfunding internet site.
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