By AAP 15.11.2017 07:47 AM
WORLD FINANCE UPDATE:
The Australian share market looks set to open lower after US stocks lost ground in overnight trade, dragged down by falling oil prices.
At 0730 AEDT on Wednesday, the share price futures index was down 27 points, or 0.45 per cent, at 5,949.
Meanwhile, the Australian dollar was steady with the US dollar, which fell against most major currencies.
The local currency was trading at 76.34 US cents at 0700 AEDT on Wednesday, from 76.33 on Tuesday.
DUBAI: Boeing has inked a $US1.3 billion ($A1.8 billion) deal to sell four 777 freighters to Ethiopian Airlines as an aircraft provider to a Kuwaiti carrier resuming operations tentatively agreed to buy 25 Airbus A320neos.
GENEVA: South Korea won a partial victory when a World Trade Organization panel ruled on its legal challenge to US anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made.
FRANKFURT: The Standard & Poor's agency has downgraded Venezuela's sovereign credit rating to "selective default" after the country missed a deadline for a $US200 million ($A280 million) bond payment.