WORLD FINANCE UPDATE:
The Australian dollar is higher on easing expectations the US Federal Reserve will increase its interest rate next month.
At 0630 AEST on Friday, the local unit was trading at 73.43 US cents, up from 73.13 cents on Thursday.
And the Australian share market looks set to open lower after Wall ST fell with the Dow dropping to its lowest level for 2015 as worries spread about the strength of the world economy.
At 0645 AEST on Friday, the September share price index futures contract was down 69 points at 5,168.
ELSEWHERE:
ATHENS - Greek Prime Minister Alexis Tsipras has announced his resignation and called for snap elections, as he went on the offensive to defend the country's massive bailout after it triggered a rebellion within his own party.
WASHINGTON - New claims for US unemployment insurance benefits rose modestly last week, but still held at multi-decade lows as the labour market improves.
WASHINGTON - Sales of existing homes in the United States rose for the third straight month in July, holding at the highest pace since 2007.
NEW YORK - Twitter shares sank to an all-time low before closing at their initial public offering price from 2013, as growth concerns intensified over the one-to-many messaging platform.
NEW YORK - Gap is keeping its fiscal-year profit forecast unchanged after further struggles in the second quarter.
THE HAGUE - Dutch lender Rabobank reported a 41-per cent rise in first half profits, fuelled by the country's resumed economic growth and lower provisions for bad loans.
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