WORLD FINANCE UPDATE:
The Australian dollar is lower against the greenback which has risen to a three-month high amid developments in Greece's debt saga.
At 0630 AEST on Friday, the local currency was trading at 73.83 US cents, down from 74.08 cents on Friday.
And the Australian share market looks set to open flat following mixed performances on US and European markets after a revamped Greek government took over in an effort to enforce tough fiscal reforms that accompany a third bailout deal.
At 0645 AEST on Monday, the September share price index futures contract was down one point at 5,612.
ELSEWHERE:
ATHENS - Greece is preparing to restart its struggling economy with a revamped government, a bank reboot and a new round of tax hikes agreed after months of fraught confrontation with its creditors.
ATHENS - Greek banks will reopen on Monday after a three-week closure with withdrawal limits relaxed but capital controls will remain in place, according to a government decree.
BERLIN - German Finance Minister Wolfgang Schaeuble says he's prepared to resign rather than go against his convictions in negotiations on Greece's debt crisis.
BERLIN - German Chancellor Angela Merkel has again ruled out forgiving some of Greece's crippling debt but said Berlin was open to a flexible repayment plan.
ATHENS - Greece's Eurobank will buy out the Bulgarian branches of another top Greek lender Alpha Bank for the symbolic price of one euro, a Eurobank source says.
WASHINGTON - US consumer prices rose broadly in June, bringing the annual inflation rate back into positive territory, government data shows.
WASHINGTON - New US home construction and new building permits both jumped in June, demonstrating rising strength in the housing market, the Commerce Department reports.
WASHINGTON - US aviation giant Boeing has asked airlines to address a maintenance issue after a passenger jet's landing gear panel fell off and onto a Shanghai suburb.
MADRID - One of Spain's "ghost airports" - expensive projects that were virtually unused - received just one bid in a bankruptcy auction after costing some 1.1 billion euros ($A1.62 billion) to build. The buyer's offer: 10,000 euros ($A14,689).
NEW YORK, July 17 AP - Google is already one of the largest companies in the world, and has just made one of the largest stock market moves ever.
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