• Political tensions hit dollar
  THE dollar fell to its lowest level in a month, as the US greenback strengthened and Australian leadership tensions re-ignited.

  
  

  
• IAG upgrades revenue guidance
  INSURANCE Australia Group said that first-half net profit fell 11 per cent as bad weather boosted claims.

  
  

  
• DJs sales down, outlook gloomy
  UPMARKET retailer David Jones said second-quarter sales fell 3.1pc, and warned that challenging conditions would continue. 

  
  

  
• Virgin profits from Qantas strike
  VIRGIN Australia said it more than doubled first-half profit as the airline benefited from strike action affecting rival Qantas.

  
  

  
• China faces crisis: World Bank
  CHINA could face an economic crisis unless it implements deep reforms, according to the World Bank and a Chinese think tank.

  
  

  
• APN announces $45m loss
  APN News & Media has unveiled a $45.1 million full year loss as it prepares to expand its outdoor advertising business.

  
  

  
• Apple defends iPad name in China
  Apple defended its right to use the iPad trademark in China in a heated court hearing in Shanghai.

  
  

  
• Fairfax shifts focus from web
  FAIRFAX Media will shift its focus away from the web and aggressively chase audiences turning to internet TV and other devices.

  
  

  
• Greece prepares debt restructure
  THE Greek Government braced for further anti-austerity protests while the country's parliament was debating debt restructuring.

  
  

  
• Wall Street ends lower on Greece
  US stocks faltered, snapping a three-day winning streak, as investors took a cautious stance on the European economy,