WORLD FINANCE UPDATE:
The Australian dollar is lower after US stocks lost almost one per cent on concerns that the conflict in Ukraine could worsen.
At 0630 AEST on Wednesday, the local unit was trading at 93.04 US cents, down from 93.34 cents on Tuesday.
And the Australian share market looks set to open lower, following the lead of Wall Street which fell amid anxiety about a correction and worries that the conflict in Ukraine could worsen.
At 0645 AEST on Wednesday, the September share price index futures contract was down 33 points at 5,441.
ELSEWHERE:
MONROVIA - Shoppers in Liberia have complained that traders were using the Ebola epidemic to profiteer by raising prices as the country enforced tough new measures to stem the spread of the disease.
NEW YORK - Media tycoon Rupert Murdoch says his 21st Century Fox group has withdrawn its bid for Time Warner, a massive offer that could have shaken up the media-entertainment world.
WASHINGTON - Orders to US factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics.
WASHINGTON - US services firms grew at the fastest rate in more than eight years in July, the latest sign of an economy picking up speed in the second half of the year.
WASHINGTON - US home prices rose in June by the smallest year-over-year amount in 20 months, slowed by modest sales and more properties coming on the market.
MUNICH - A German court has ruled that Formula One tycoon Bernie Ecclestone can make a controversial $US100 million ($A108 million) payment to end his trial on bribery charges.
CAIRO - President Abdel Fattah al-Sisi has launched the construction of a $US4.0 billion ($A4.3 billion) "new Suez Canal" that aims to speed up traffic along the existing waterway and boost Egypt's battered economy.
DETROIT - Subaru is recalling an undetermined number of vehicles because of air bag problems that have affected much of the global car industry.
BURBANK, California - The Walt Disney Co has reported that third-quarter net income increased 22 per cent, topping analysts' expectations.
LONDON - InterContinental Hotels Group says its profits fell in the first half 2014 but the owner of the Holiday Inn chain is confident about the outlook.
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