WORLD FINANCE UPDATE:
The Australian share market looks set to open higher for a second consecutive day after a third straight positive session on Wall Street, while the Aussie dollar has slipped.
At 0700 AEDT on Wednesday, the share price futures index was up 17 points, or 0.29 per cent, at 5,810.
Meanwhile, the Australian dollar has slipped against all the key currencies, including a weaker US dollar.
The local currency was trading at 78.57 US cents at 0700 AEDT on Wednesday, from 78.64 on Tuesday.
WASHINGTON, DC – US President Donald Trump says he is considering a range of options, including tariffs and quotas, to address steel and aluminium imports that he says are unfairly hurting US producers.
NEW YORK – PepsiCo has reported flat revenue for the last few months of 2017, and says it will cut some jobs while giving others bonuses of up to $US1,000.
OSLO – Norway’s $US1 trillion ($A1.4 trillion) sovereign wealth fund, the world’s largest, has set out new expectations for the 9100 companies it invests in regarding the way they prevent and fight corruption internally.
KIRKLAND – Bill and Melinda Gates, as the world’s top philanthropists, are rethinking their work in America as they confront the country’s growing inequity and a president they disagree with more than any other.