Australian shares closed lower amid ongoing concerns about Greece's place in the euro zone.
Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 per cent.
The USD has extended its gains against the euro as Europe struggles to contain Greece's debt crisis.
Shares in Sims Metal Management have dropped six per cent in early trade.
Earthmoving equipment supplier Emeco forecast full year profit growth of up to 41pc due to strong demand.
Unions NSW will tell an inquiry the state government is exaggerating WorkCover's financial difficulties.
Syria's UN ambassador says Syria can't pay its UN dues as US banks won't allow the country an account.
Tower boosted first-half profit 83pc after the costs associated with the Canterbury earthquakes.
The US govt has hit a major Indian steel pipe exporter with anti-dumping duties of more than 48 per cent.
US banking giant Citigroup says it plans to cut its investment in Turkey's Akbank by half.
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