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Fitch ratings agency has downgraded crisis-hit Greece by one notch to CCC.
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Facebook says it's priced its initial public offering of stock at $US38 per share.
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The price of Brent crude has retreated, hitting the lowest level for over five months.
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Holdens are to make a return to the US with the production of a new Chevrolet SS performance sedan.
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British PM David Cameron has urged Europe to sort out its currency crisis.
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Warren Buffett's company has agreed to buy 63 newspapers from Media General Inc for $US142 million.
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US stocks have closed with losses well above one per cent.
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Europe's main stock markets have tumbled and the euro hit a new four-month US dollar low.
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Fitch Ratings has warned new Basel III rules could crimp banks' ability to increase dividends.
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Confidence in Spain's banks has been shaken after depositors were rushing to withdraw money from Bankia.
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Commonwealth Bank of Australia is on track to be the first of the big four to post a $7 billion FY profit.
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Exxon Mobil says Australia should be the world's biggest exporter of LNG by the end of the decade.
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The number of Americans seeking unemployment benefits was unchanged last week.
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The WA govt forecasts surpluses for the current and next four financial years but expects a dip in 2012/13.
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Japan's economy grew by 1 per cent in the January to March quarter compared with the previous three months.
