- The Greek parliament approved a tough austerity package with the help of the pro-European opposition, to ensure to country gets vital aid from the eurozone. Ministers in the single currency area are expected to hold a telephone conference to give Greece a bridge loan worth around 7 billion euros ($7.6 billion), while the European Central Bank's governing council, meeting in Frankfurt, is seen raising the emergency liquidity assistance (ELA) limit for Greek banks.
- The European Commission, the European Union's executive arm, launched an anti-trust investigation into chip maker Qualcomm (QCOM) to see whether it was selling products at knock-down prices to discourage competition and whether it offered discounts on the condition that customers buy only its products. The company said any concerns were "without merit."
- Index futures traders in China are still betting jittery stock markets will fall further even as Beijing tries to prop them up. The futures market, created in 2010, is an important indicator of confidence in China and therefore this poses a major problem for Chinese regulators who try to inspire confidence in the volatile stock market.
- Toshiba (TOSBF) expects to have to pay around $3 billion in charges over accusations of improper accounting which could also force the Japanese company's chief executive to resign, Reuters reports quoting sources. The Japanese electronics conglomerate has hired a third-party committee to investigate past book-keeping practices which the sources say led to profits being overstated by more than 170 billion yen, more than triple Toshiba's initial estimate of around 50 billion yen. The charges include six years of overstated profits uncovered by the committee, as well as various writedowns.
- U.K. companies' confidence fell to the lowest since 2013, but their spending on marketing has increased. The IPA Bellwether report said on Thursday that a net balance of 12.2 percent of companies increased their advertising budgets in the second quarter of 2015, the eleventh successive quarter companies have reported growth. However it also found only 25.3 percent of companies reported feeling optimism about their financial prospects, compared to 37.8 percent in the previous quarter, its lowest level in more than two years.
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