WORLD FINANCE UPDATE:
The Australian dollar is lower on renewed speculation that the US Federal Reserve will soon increase its interest rate.
At 0630 AEST on Monday, the local unit was trading at 73.77 US cents, down from 73.87 cents on Friday.
And the Australian share market looks set to open higher following gains on Wall Street following solid US data on wholesale prices and industrial production.
At 0645 AEST on Monday, the share price index futures contract was up nine points at 5,300.
ELSEWHERE:
ATHENS - Greek Prime Minister Alexis Tsipras is battling a major revolt amongst members of his radical-left party who oppose the third huge bail-out for the crisis-hit country.
BERLIN - German MPs will be recalled from holiday on Wednesday to vote on the proposed bailout for the Greek economy.
WASHINGTON - IMF chief Christine Lagarde has welcomed Europe's decision to agree a new 86 billion euro ($A130 billion)- bailout for Greece, but warned that Athens' debt is still too high.
WASHINGTON - The IMF has warned that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows.
WASHINGTON - Car plants, clothing makers and plastics factories drove a sharp rebound in US manufacturing in July.
NEW YORK - US producer prices edged up in July in spite of the drag of lower energy prices on many goods, according to government data.
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