WORLD FINANCE UPDATE:
the Australian dollar is higher amid upbeat sentiment on global markets after the European Central Bank boosted its cash lifeline to Greece.
At 0700 AEST on Friday, the local currency was trading at 74.06 US cents, up from 73.81 cents on Thursday.
And the Australian market looks set for a modest rise on Friday after a positive session on Wall Street that was driven mainly by technology stocks.
At 0700 AEST, the September share price index futures contract was up seven points at 5,629.
ELSEWHERE:
FRANKFURT - Eurozone ministers have approved the launch of Greece bailout talks and the ECB boosted its cash lifeline to the crisis-hit country after MPs in Athens grudgingly passed a tough reform package demanded by creditors.
FRANKFURT - The European Central Bank has held its key interest rates steady, as expected, at its regular policy meeting, a spokesman says.
NEW YORK - Goldman Sachs has reported a big drop in second-quarter earnings following a large jump in legal and regulatory costs and weak bond trading results.
LOS GATOS - Netflix's second quarter earnings fell 63 per cent as the Internet video service absorbed the costs of an international expansion that is boosting its subscriber growth far beyond investor expectations.
BRUSSELS - The EU has launched an anti-competition probe into US computer chip giant Qualcomm, the latest of a series of investigations into top American companies.
DUBLIN - Irish flag carrier Aer Lingus shareholders have cleared the way for a takeover by International Airline Group.
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