WORLD FINANCE UPDATE:
The Australian dollar is weaker against the greenback after eurozone leaders struck a last-minute deal with Greece on a new debt bailout plan.
At 0630 AEST on Tuesday, the Aussie was trading at 74.08 US cents, down from 74.54 cents on Monday.
And the Australian share market looks set to open higher after Wall street surged following an agreement between debt-stricken Greece and its European creditors.
At 0645 AEST on Tuesday, the September share price index futures contract was up 93 points at 5,498.
ELSEWHERE:
BRUSSELS - Eurozone leaders have finally struck a deal on a bailout to prevent debt-stricken Greece from crashing out of the euro, forcing Athens to push through draconian reforms in a matter of days.
WASHINGTON - The International Monetary Fund says it is prepared to work with Greece and European Union partners to advance the third bailout effort for the country.
LJUBLJANA, Slovenia - NATO has welcomed a bailout deal reached between its "staunch ally" Greece and EU leaders, saying the nation's economic stability was also vital for the "security" of other NATO countries.
WASHINGTON - The White House hailed a bailout deal between the eurozone and Greece as "a credible step" on the long path to economic growth and debt sustainability in the hard-up country.
ATHENS - Greece's public servants are being called to stage a 24-hour strike for Wednesday, the day their country's parliament is to vote on reforms needed to unlock a crucial eurozone rescue.
VIENNA - OPEC has revised upward its forecast for global crude oil demand growth for this year and predicts a further increase for 2016 as the world economy picks up again.
DETROIT - General Motors is about to announce that it's spending more than $US1 billion ($A1.35 billion) on a huge expansion of its SUV factory in Arlington, Texas.
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