Malaysia Airlines says it has ordered 50 Boeing 737 MAX jets, with firm orders for 25 and rights to purchase 25 more.

UK economy picks up speed in Q2

The UK economy grew 0.6 per cent in the three months to the end of June, a period that ended one week after the vote to leave the European Union.
Japanese PM Shinzo Abe has announced plans for a new economic stimulus package amounting to more than 28 trillion yen ($A353.12 billion).

ANZ 'pulled fast one' on Apple Pay

CBA, NAB and Westpac have asked the competition watchdog for permission to negotiate jointly with Apple over accessing contactless payments on iPhones.
Litigation funder IMF Bentham says the High Court's dismissal of a class action against ANZ for excessive card fees may cost it up to $9.5 million.
Economists say the low inflation numbers paves the way for the Reserve Bank to cut the benchmark interest rate at its August meeting next week.
Etihad Airways will participate in Virgin Australia's share issue to retain its 21.8 per cent stake in the airline and a seat on the board.
GrainCorp shares have taken a hit amid speculation its major shareholder has been unable to attract an acceptable price for its stake.
Iron ore miner Fortescue is targeting further cost reductions as it looks to remain competitive with larger rivals BHP and Rio.
Oil producer Senex Energy has posted a six per cent decline in June quarter sales revenue, but managed to achieve its full-year production guidance.
Struggling junior miner Atlas Iron has hit its full-year guidance, shipping 14.5 million tonnes of ore during the fiscal year.
Apple's total revenue dropped 14.6 per cent in the third-quarter ended June 25, also declining for the second quarter in a row.

US judge approves VW settlement

A US judge has given preliminary approval for VW's settlement scheme, which includes the largest-ever automotive buy back in the country.
AGL Energy has signed up QIC and Future Fund as investors for its recently announced up to $3 billion fund to develop renewables projects.
Woolworths' share price has slipped slightly as investors weigh the previous day's news it will shed 500 jobs, close stores and slow down new store openings.

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