WORLD FINANCE UPDATE:
The Australian dollar is one US cent weaker, unwinding the gains made on a temporary fall in the greenback.
At 0630 AEDT on Friday, the Australian dollar was worth 76.20 US cents, down from 77.30 US cents on Thursday.
The Australian market looks set to open lower following falls on Wall Street where energy stocks fell along with the price of oil.
At 0645 AEDT on Friday, the June share price index futures contract was down 16 points at 5,943.
ELSEWHERE:
LONDON - Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under new government plans.
WASHINGTON - The number of people seeking US unemployment benefits basically held steady last week, as the job market continues to outpace broader economic growth.
WASHINGTON - Average long-term US mortgage rates fell this week, remaining near historically low levels at the start of the spring home-buying season.
DETROIT - Honda is adding nearly 105,000 vehicles to its growing US recall of driver's side air bag inflators that can explode with too much force.
NEW YORK - Target has proposed paying $US10 million ($A13 million) to settle a class-action lawsuit brought against the retailer following a massive data breach in 2013.
NEW YORK - The world's most valuable company is now a member of the Dow Jones industrial average.
BASEL, Switzerland - Luxury Swiss watchmaker Tag Heuer is joining forces with technology behemoths Google and Intel to develop a connected timepiece that can compete with the new Apple Watch.
HONG KONG - China Mobile says net profit for 2014 fell more than 10 per cent, its largest annual drop in over a decade, because of increased spending as the company upgraded to the 4G network.
BERLIN - German airline Lufthansa hopes to be able to operate about 75 per cent of flights, despite a third consecutive day of strikes by its pilots.
NEW YORK - Streaming has topped CD sales in revenue for the first time in the United States as music listeners flock to on-demand services and internet radio.
Share
