WORLD FINANCE UPDATE:
The Australian dollar is higher, after Wall Street gained for a second day following big falls on Tuesday.
At 0630 AEST on Thursday, the local unit was trading at 70.14 US cents, up from 69.95 cents on Wednesday.
And the Australian share market looks set to open flat despite US and European stocks rebounding on hopes of more eurozone monetary stimulus.
At 0645 AEST on Thursday, the December share price index futures contract was down four points at 5,003.
ELSEWHERE:
WASHINGTON - The IMF has voiced concern about the global economy, weakened by China's slowdown and facing a potential "vicious cycle" from a looming US interest rate hike.
GENEVA - The World Trade Organisation has cut its forecast for growth in global trade due to emerging markets slowing, and warns that an increase in US interest rates and the refugee crisis in Europe could crimp trade growth further.
WASHINGTON - US businesses increased hiring in September, continuing a trend in overall job growth in the labor market, according to a report by payroll firm ADP released Wednesday.
WASHINGTON - US carmaker Ford has recalled some of its new F-150 pickup trucks to fix a cruise control braking problem that could cause a rear-end crash.
NEW YORK - Volkswagen has lost its Green Car of the Year prize for two models that employed technology at the heart of German giant's pollution-cheating scandal.
FRANKFURT - Porsche, the luxury sports car division of German auto giant Volkswagen, has named Oliver Blume as its new chief executive replacing Matthias Mueller, who has been made head of the entire VW group.
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