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Indonesia to review ageing air force after deadly crash

Indonesia's president promised a review of the country's ageing air force fleet after the crash of a military transport plane in the north of the country claimed more than 100 lives.
Source: Reuters
COLUMN-"New normal" of weak commodity prices, strong volumes in Australia forecasts: Russell

LAUNCESTON, Australia, July 1- "New normal" is a term coined about China's transition to slower but hopefully more sustainable economic growth, but it can be equally applied to many commodity markets. The big picture is that Australia is receiving less money for its commodity exports, with the value dropping 11 percent to A $174 billion in the 2014-15 fiscal year...
Source: Reuters | By: Clyde Russell
Europe seen higher despite Greece default

European equities are seen opening higher Wednesday, despite Greece becoming the first advanced economy to effectively default on a loan with the IMF.
Source: CNBC.com | By: Holly Ellyatt
Long lines in Greece as banks reopen; new proposal weighed

ATHENS, Greece- Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be able to remain in the eurozone. With its failure to repay the roughly 1.6 billion euros to the...
Source: The Associated Press | By: By ELENA BECATOROS, Associated Press
Asian stocks higher as investors watch Greek debt talks

TOKYO- Asian shares rose on Wednesday as investors watched to see the next step as Greece fell into arrears after failing to make a debt repayment on Tuesday. GREECE DEBT CRISIS: Greece's European bailout program ended Tuesday at midnight without an extension or a new deal with creditors and the government failed to make a payment of about 1.5 billion euros due...
Source: The Associated Press | By: By ELAINE KURTENBACH, AP Business Writer
Why Sony shares sold off on planned share sale  

While Sony's share sale indicates a positive step to expand a profitable business, the move diluted the company's shareholders, says Charles Sizemore, CIO at Sizemore Capital Management.
Source: CNBC.com
Federal judge rules Maui County ban on GMO crops invalid

HONOLULU- A federal judge ruled Tuesday that a Maui County ban on the cultivation of genetically engineered crops is pre-empted by federal and state law and invalid. The county's ordinance creating the prohibition exceeded the county's authority, U.S. District Court Chief Judge Susan Oki Mollway said in her order. Monsanto Co. and Dow Chemical Co. unit...
Source: The Associated Press | By: By AUDREY McAVOY, Associated Press
Euro slips as Greece misses IMF repayment deadline

The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund.
Source: Reuters
FOREX-Euro slips after Greece misses IMF repayment deadline

SYDNEY/ TOKYO, July 1- The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund on Tuesday...
Source: Reuters | By: Ian Chua and Hideyuki Sano
Shanghai's top ETFs see strong inflows for second day

SHANGHAI, July 1- About 15 billion yuan flowed into Shanghai's top four exchange-traded funds on Tuesday, the second consecutive day of strong inflows into the blue chip-focused funds, strengthening expectations that state-backed investors are stepping in to arrest a two-week-long market plunge. During the prior session, nearly 10 billion yuan flowed into...
Source: Reuters