WORLD FINANCE UPDATE:
The Australian dollar is lower, losing further ground following China's decision to devalue its currency by almost two per cent.
At 0630 AEST on Wednesday, the currency was trading at 72.99 US cents, down from 73.16 cents on Tuesday.
And the Australian share market looks set to open lower following falls on international markets after China unexpectedly devalued its currency.
At 0645 AEST on Wednesday, the September share price index futures contract was down 32 points at 5,374.
ELSEWHERE:
ATHENS - Greece's government has announced it has reached the outline of a deal for an international bailout worth 85 billion euros ($A126.4 billion) to save its stricken economy from collapse.
WASHINGTON - US productivity rose at a moderate pace in the April-June quarter as growth picked up and hiring remained steady.
WASHINGTON - US wholesalers increased their stockpiles in June by the largest amount in more than a year, while sales crept up slightly.
KAMPALA - The Uganda government has listed 16 international firms, including from Australia, that are authorised to bid for oil exploration rights to six blocks of land near Uganda's border with Congo.
MOUNTAIN VIEW, California - Symantec will sell its Veritas information management business for $US8 billion ($A10.80 billion) in cash with plans to funnel proceeds back into its main line of work, cybersecurity, and to buy back shares.
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