WORLD FINANCE UPDATE:
The Australian dollar has fallen as the improving US economic outlook offset its brief post-Brexit rally.
At 0700 AEST on Wednesday, the local unit was trading at 73.84 US cents, down from 74.01 cents on Tuesday.
And the Australian share market looks set to open sharply higher after most major international bourses rose overnight as investors sought cheap assets following a two-day equities rout sparked by Britain's decision to leave the European Union.
ELSEWHERE:
FRANKFURT - Germany's financial market regulator has delivered a double blow to London, saying it could not host the headquarters of a planned European stock exchange giant after Britain leaves the EU, and nor could it remain a centre for trading in euros.
WASHINGTON - The US economy grew slightly faster at the start of the year than previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.
WASHINGTON - US consumer confidence has risen this month to the highest level since October, a private survey says.
WASHINGTON - US home prices scaled new heights in April, with seven cities - including Boston, Charlotte, Portland, San Francisco and Seattle - setting record highs.
WASHINGTON - German automaker Volkswagen AG will pay as much as $US15.3 billion ($A21 billion) after admitting it cheated on US diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of cleaner technologies.
BRUSSELS - European Council chief Donald Tusk says the EU will hold a meeting in Bratislava in September to assess the European Union's future in the wake of Britain's vote to leave the bloc.
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