Iranian state media is reporting that the country's government has halted negotiations with the United States.

Iranian state media is reporting that the country's government has halted negotiations with the United States over an end to the war in the Middle East in protest over Israel's conduct in Lebanon. But in a social media post, US President Donald Trump said he spoke to Israeli Prime Minister Benjamin Netanyahu and representatives from Hezbollah, and that the talks with Iran were continuing at a "rapid pace". Learn more about these conflicting narratives from the ABC's Middle East correspondent Matthew Doran. Hello, I'm Daniel Ziffer from the ABC business team, and I'll be taking you through the morning on our business, finance and economics blog. A decision on the size of the minimum wage increase will be announced this morning, affecting the pay packets of millions of Australians. Overnight, Wall Street indices were higher. The blue-chip Dow Jones, comprising 30 mega-companies such as Boeing and Visa, rose +0.1% to 51,078 points. The broader S & P 500, which covers 500 of the largest listed companies in the US, rose +0.3% to 7,599 points -- a record close. The tech-heavy Nasdaq was +0.4% to 27,086 points. Our market is set to fall, with the ASX 200 futures index tipping a slide of 0.4% or 36 points to 8,710. There’s lots to get to: all of it news, analysis and information and none of it financial advice. Let’s get started! Loading

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The European Commission is investigating the $111 billion Paramount-WBD deal.

U.S. entertainment giant sought EU approval under its Foreign SubsidiesRegulation.