WORLD FINANCE UPDATE:
Cautious remarks from the US Federal Reserve have helped the Australian dollar break above 76 US cents.
At 0700 AEDT on Wednesday, the local unit was trading at 76.41 US cents, up from 75.41 cents on Tuesday.
And the Australian share market looks set to open higher following gains on Wall Street after US Federal Reserve chair Janet Yellen said the central bank should proceed "cautiously" on raising interest rates.
At 0645 AEDT on Wednesday, the share price index was up 28 points at 5,021.
ELSEWHERE:
NEW YORK - Federal Reserve Chair Janet Yellen says the Fed still envisions a gradual pace of interest rate increases in light of global pressures that could weigh on the US economy.
SINGAPORE - The US economy remains on track to gradually hike interest rates, with fears of a global economic slow down and financial volatility over done, says San Francisco Federal Reserve President John Williams.
WASHINGTON - US home prices are climbing at more than double the rate of incomes, a trend which could see homes become unaffordable for buyers.
TOKYO - Japan's parliament has approved a record 96.72 trillion yen ($A1.13 trillion) state budget for fiscal 2016.
WASHINGTON - The attorneys general of Massachusetts and the US Virgin Islands say they will investigate whether Exxon Mobil Corp misled investors and the public about the risks of climate change, joining counterparts in New York and California.
WASHINGTON - The US Federal Trade Commission has filed a suit against Volkswagen AG for falsely advertising that hundreds of thousands of its diesel vehicles were environmentally friendly, when the German car maker knew they were actually emitting excess pollution.
MANILA - A Chinese junket operator in Manila says two high-rollers from Beijing and Macau are responsible for bringing $US81 million ($A107.38 million) stolen by hackers from Bangladesh's central bank into the Philippines.
ANKARA - The number of foreign visitors going to Turkey fell 10 per cent in February, the biggest drop in a decade, amid security concerns for a country feeling the spillover effects from the war in Syria.
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