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Negotiators from the European Union and banks are "relatively close" to a deal to write off around half of Greece's 350 billion euros ($A471 billion) debt.
Peabody Energy and ArcelorMittal look certain to take over Queensland miner Macarthur Coal after an about-face by China's CITIC
Virgin proposed alliance with Singapore Airlines has moved a step closer to fruition after regulators in Singapore gave the tie-up the green light.
Paper merchant Paperlinx says many of its key markets continue to struggle but it is making headway in new sectors.
The possibility of an interest rate cut is off the table as inflation is not expected to ease significantly in the September quarter, economists say.
Shares in online job advertiser Seek are up by over seven per cent on reports it is considering floating its Chinese website.
