Finance news you need to know today

FACEBOOK is adding tools to make it easier for users to report so-called “revenge porn” and to prevent the images from being reshared.

Facebook has unleashed a new weapon in the war against “revenge porn”. Picture: Loic Venance/AFP

HERE are five things making news in business and finance today.

1. SYDNEY — The Australian market looks set to open lower, following the lead of US stocks which fell after indications the Federal Reserve may change its bond investment policy in 2017. At 0700 AEST on Thursday, the share price futures index was down 16 points, or 0.27 per cent, at 5,843.

2. SYDNEY — Meanwhile, the Australian dollar has fallen further against its US counterpart, despite the US dollar tumbling from a three-week high. The local currency was trading at 75.69 US cents at 0700 AEST on Thursday, from 75.79 on Wednesday.

3. NEW YORK — Pepsi is pulling an ad that has been widely criticised for appearing to trivialise protests for social justice causes.

4. JOHANNESBURG — South Africa’s top court has dismissed an appeal by the Department of Environmental Affairs to keep a moratorium on the domestic trade in rhino horn.

5. SAN FRANCISCO — Facebook is adding tools to make it easier for users to report so-called “revenge porn” and to automatically prevent the images from being shared again once they have been banned.