Finance news you need to know today

BRITISH Foreign Secretary Boris Johnson sees no reason to cancel Donald Trump’s state visit to Britain for criticising London Mayor Sadiq Khan.

THE Australian market looks set to open higher, ignoring Wall Street’s negative lead, a day after the Reserve Bank of Australia kept its interest rate on hold and ahead of national accounts, including gross domestic product, data. At 0700 AEST on Wednesday, the share price futures index was up 15 points, or 0.26 per cent at 5,682.

Meanwhile, the Australian dollar has breached 75 US cents with its US counterpart on the defensive ahead of Britain’s election on Thursday. The local currency was trading at 75.09 US cents at 0714 AEST on Wednesday, from 74.74 on Tuesday.

ELSEWHERE:

LONDON — Shareholders who brought a multi-million-pound High Court action against Royal Bank of Scotland (RBS) have settled their claim against the lender.

GENEVA — The World Health Organization has published a new classification of antibiotics that aims to fight drug resistance, with penicillin-type drugs recommended as the first line of defence and others only for use when absolutely necessary.

BEIJING — California says it will co-operate with China on clean technology, emissions trading and other “climate-positive” efforts in a bid to fill a gap left after US President Donald Trump pulled out of the Paris climate accord.

LONDON — British Foreign Secretary Boris Johnson sees no reason to cancel Donald Trump’s state visit to Britain after the US president criticised Mayor Sadiq Khan’s response to the London Bridge killings.