WORLD FINANCE UPDATE:
The Australian dollar has bounced after US Senate leaders reached a last-minute deal to extend the debt ceiling, ending the fiscal impasse to avoid a possible debt default and the US government shutdown.
At 0630 AEDT on Thursday, the local unit was trading at 95.47 US cents, up from 95.25 cents on Wednesday.
And the Australian share market looks set to open higher after US Senate leaders reached a deal for a temporary budget and to extend the debt ceiling, ending the government shutdowm.
At 0715 AEDT on Thursday, the December share price index futures contract was up 20 points at 5,272.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
ELSEWHERE:
WASHINGTON - A deal has been reached with Republican leaders to end a fiscal impasse that has threatened the US with default, Senate Majority Leader Harry Reid says.
WASHINGTON - The US economy continued to grow at a "modest to moderate" pace in recent weeks, but a few regions reported slowdowns, the Federal Reserve says.
ROME - Italy has seen exports rise by 1.7 per cent in August from July as the economy struggles to exit a two-year recession that has caused record unemployment and shut thousands of businesses.
NEW DELHI - The World Bank has cut its growth forecast for India to 4.7 per cent this year, but says it should accelerate in 2014 as the rupee's dive translates into an export-led boost for Asia's third-largest economy.
WASHINGTON - US regulators have fined banking giant JPMorgan Chase $US100 million ($A105 million) for manipulating trade in the "London whale" trading debacle.
NEW YORK - Bank of America has posted a third-quarter profit that topped estimates, saying provisions for credit losses were sharply lower than a year ago.
NEW YORK - PepsiCo is reporting a higher quarterly profit, as stronger sales of its Frito-Lay snacks helped offset weaker results in its North American beverage unit.
THE HAGUE - America Movil of Mexico, controlled by one of the world's richest men Carlos Slim, says it is dropping a multi-billion-euro bid for Netherlands operator KPN after a Dutch foundation blocked the takeover.
