WORLD FINANCE UPDATE:
The Australian dollar is back above 88 US cents, after the Reserve Bank of Australia reiterated that the cash rate will remain unchanged for the foreseeable future.
At 0630 AEDT on Wednesday, the local unit was trading at 88.18 US cents, up from 87.72 cents on Tuesday.
And the Australian share market looks set to open lower after international markets as the IMF cut the eurozone growth outlook and German industrial output slumped.
At 0645 AEDT on Wednesday, the December share price index futures contract was down 56 points at 5,202.
ELSEWHERE:
WASHINGTON - The International Monetary Fund has slightly lowered its outlook for global economic growth for this year and next, mostly because of weaker expansions in Japan, Latin America and Europe.
TOKYO - The Bank of Japan has struck a less optimistic tone on its view of the world's No.3 economy, although it held off fresh monetary easing measures after its latest policy meeting.
WASHINGTON - US employers advertised the most job openings in nearly 14 years during August, yet their pace of hiring fell compared to July.
LONDON - A senior banker has admitted to fraud linked to the manipulation of a key inter-bank lending rate for the first time in Britain, prosecutors say, after a scandal which rocked the financial world.
BRUSSELS - European Union anti-trust regulators have opened a probe into internet shopping giant Amazon's tax arrangements with Luxembourg on the grounds that the deals may amount to illegal state aid.
NEW YORK - Twitter is suing the FBI and the US Department of Justice to be able to release more information about government surveillance of its users.
SEOUL - Global air cargo traffic will double in the next 20 years, enjoying annual growth of 4.7 per cent as international trade picks up after a long period of stagnation, US aerospace giant Boeing predicts.
FRANKFURT - The Quandt family, shareholders of carmaker BMW, have overtaken the founders of discount supermarket chains Aldi and Lidl as Germany's wealthiest family, weekly Manager Magazin says.
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