WORLD FINANCE UPDATE:
The Australian dollar has recovered some of its losses following the release of Chinese economic data.
At 0630 AEST on Thursday, the local currency was trading at 93.68 US cents, up from 93.42 cents on Wednesday.
And the Australian share market looks set to open higher following a strong performance on Wall Street where the Dow Jones Industrial Average bolted to a new record.
At 0645 AEST on Thursday, the September share price index futures contract was up 17 points at 5,491.
ELSEWHERE:
BRASILIA - The BRICS group of emerging powers has met with South American presidents as they justified the creation of a development bank seen as an alternative to Western-dominated global financial organisations.
WASHINGTON - US producer prices rebounded more sharply than expected in June after a dip in May, largely driven higher by energy prices, according to government data released on Wednesday.
WASHINGTON - All regions of the United States have continued to expand their economic activity, the Federal Reserve says in a report.
LISBON - Shares in stricken Portuguese bank Banco Espirito Santo (BES) rallied sharply on Wednesday after the central bank reassured over prospects for a recapitalisation despite unpaid debt.
NEW YORK - Rupert Murdoch's conglomerate has made an unsuccessful bid for rival Time Warner which could shake up the media-entertainment world.
PARIS - Airbus has advised airliners to test noisy doors on the world's largest passenger airliner, the A380, after identifying a problem with the door seal that could lead to a fall in the cabin pressure.
FARNBOROUGH, UK - Qatar Airways has given Boeing a lift, concluding a deal for 50 of the US planemaker's revamped long-haul passenger jets and proposing to buy the same amount again.
NEW YORK - Apple will pay up to $US400 million ($A432.8 million) to compensate consumers for an illegal price-fixing conspiracy for electronic books, officials said.
SAN FRANCISCO - Amazon could be trying the Netflix model for e-books soon.
SAN JOSE, California - EBay Inc has reported earnings that rose by 5.6 per cent in its second quarter, topping analysts' expectations.
LOUISVILLE, Kentucky - Yum Brands Inc has reported a 19 per cent increase in second-quarter profits as its business at KFC in China continues to rebound amid concerns about food safety.
FRANKFURT - German top-of-the-range carmaker BMW will increase the number of models it builds in China from three to six in the coming years to meet growing demand.
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