WORLD FINANCE UPDATE:
The Australian dollar is regaining ground after slipping half a US cent following the Reserve Bank of Australia's comment that the local currency remained "uncomfortably high".
At 0630 AEDT on Wednesday, the local unit was trading at 94.94 US cents, up from 94.77 cents on Tuesday.
And the Australian share market looks set to open flat after international markets retreated after downward revisions of eurozone growth and unemployment.
At 0645 AEDT on Wednesday, the December share price index futures contract was up four points at 5,421.
ELSEWHERE:
BRUSSELS - Europe's economic recovery will continue into the second half of the year, though at a subdued pace, while unemployment will remain near record highs through next year, the European Commission says.
MADRID - Unemployment queues in Spain grew in October for the second month in a row, a government report shows, as the eurozone's fourth-largest economy struggled to emerge from recession.
WASHINGTON - Activity at US service firms accelerated in October behind a jump in sales and more hiring, suggesting businesses largely shrugged off the partial government shutdown.
WASHINGTON - A measure of US home prices rose only slightly in September from August, a sign that prices are levelling off after big gains earlier this year.
BRUSSELS - Turkey has resumed talks to gain entry into the European Union after a 40-month freeze, with both sides hailing a potential "turning point" in its stalled bid to join the EU club.
KIEV - Ukraine and US energy giant Chevron have signed a $US10 billion ($A10.54 billion) shale gas deal that the ex-Soviet nation hopes could end its energy dependence on Russia by 2020.
PARIS - French entertainment company Vivendi has signed a final agreement to sell its stake in Maroc Telecom to UAE-based telecoms company Etisalat for 4.2 billion euros ($A6.01 billion).
PARIS - Renault-Nissan and Japanese firm Mitsubishi are to share the production of vehicles, technology and factory capacity, the two groups announced on Tuesday, highlighting the development of electric cars.
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