WORLD FINANCE UPDATE:
The Australian dollar has recouped some losses as the greenback slides.
At 0630 AEST on Friday, the local unit was trading at 74.95 US cents, up from 74.88 cents on Thursday.
The Australian market looks set to open lower following falls on Wall Street where disappointing quarterly reports from tech stalwart Intel and transportation companies stalled momentum.
At 0645 AEST on Friday, the share price index was down 31 points at 5,452.
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ELSEWHERE:
FRANKFURT - The European Central Bank has kept its interest rates and policy plans unchanged and says the immediate stress caused to markets by Britain's shock vote to leave the European Union has been contained.
WASHINGTON - The number of Americans seeking unemployment benefits declined slightly last week, falling to the lowest point in 13 weeks.
WASHINGTON - Americans bought more homes in June, the fourth straight monthly gain as the sales rate reached its highest level in more than nine years.
WASHINGTON - Long-term US mortgage rates have edged higher this week, remaining near historically low levels as a continued enticement to prospective homebuyers.
DETROIT - General Motors' second-quarter profit more than doubled to a record $US2.87 billion, even as the company cut sales to rental car companies and saw its sales fall in the US, its most lucrative market.
DALLAS - Exxon Mobil Corp has emerged as the winning bidder for InterOil Corp, which has natural gas holdings in Papua New Guinea.
NEW YORK - Roger Ailes is out as chief executive at Fox News Channel and Fox Business, his career at the networks he built from scratch and ran with an iron hand for nearly 20 years over with stunning swiftness following allegations that he forced out a former anchor after she spurned his sexual advances.
KUALA LUMPUR - Malaysian Prime Minister Najib Razak says judgment should be withheld until all the facts are known after the US government filed lawsuits seeking to seize $US1 billion ($A1.34 billion) in assets bought with money stolen from a state fund he oversaw.
