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Greece Rebels Announce New Party ahead of Snap Polls

Rebels from Greece's Syriza party on Friday formed a breakaway parliamentary group after Prime Minister Alexis Tsipras resigned, paving the way for the crisis-hit country's fourth election in three years.

The fresh political uncertainty shook the markets, with stocks in Athens shedding 2.5 percent, while Greece's European creditors urged it to implement the terms of the massive new bailout whoever wins the poll likely to be held on September 20.

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Collapsed Bitcoin Exchange Boss Faces $2.6 mn Theft Claim

The former head of MtGox reportedly faced fresh criminal charges Friday over allegations he stole $2.6 million from clients, as police questioned him about hundreds of millions of dollars worth of missing Bitcoins.

Japanese authorities issued a fresh arrest warrant for France-born Mark Karpeles, over claims he stole millions from clients before the Bitcoin exchange collapsed, local media reported, including about $48,000 he allegedly spent on a luxury canopy bed.

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Current Accounts: How do they Work and What are the Right Accounts for you to Open?

All Lebanese banks give customers the option of opening a current account, which is also known as a demand deposit account. These accounts form the bulk of daily transactions: Deposits, withdrawals, and transfers. Such current accounts also target all types of customers: Businessmen, students, workers, etc.

Current accounts allow the account holder to deposits and withdraw money anytime. However, holders of these accounts do not get interest on their available balance which could be to your disadvantage if your account holds a reasonable amount which you do not use regularly.

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Survey: Greece Dampens German Consumer Confidence

Consumer confidence in Germany is being dampened slightly by the enduring wrangle over Greece's debt crisis, a poll found on Friday.

"The hitherto marked optimism among consumers has received a slight knock," market research company GfK said in a statement. 

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Australian Watchdog Approves Qantas, China Eastern Deal

Australia's competition watchdog on Friday reversed a draft decision against a joint venture between Qantas and China Eastern, giving the carriers the green light to coordinate pricing and scheduling.

The Australian Competition and Consumer Commission (ACCC) said in March the original proposal between the airlines would harm competition.

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Oil Heads for Eighth Straight Week of Falls

Oil headed for its eighth straight weekly decline in Asia Friday, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market.

U.S. benchmark West Texas Intermediate (WTI) for October delivery, a new contract, lost 54 cents to $40.78 a barrel in afternoon trade, while Brent crude for October tumbled 62 cents to $46.00 a barrel.

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Turkish Currency Hits New Historic Low of 3 Lira to Dollar

Turkey's embattled lira on Thursday hit a new historic low in value against the U.S. dollar, breaking the ceiling of three lira to the dollar for the first time.

The currency hit 3.0031 lira to the dollar in early morning trade, according to Bloomberg data, before rallying very slightly to 2.99 to the greenback -- a loss in value of 2.25 percent on the day so far.

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Greece Repays 3.4 bn Euros to European Central Bank

Greece has repaid 3.4 billion euros ($3.79 billion) due to the European Central Bank Thursday, a source close to the Greek government said after the launch of a massive new reforms-for-bailout deal.

Greece was able to repay the loan as eurozone finance ministers announced that they had disbursed 13 billion euros to Athens and set aside another 10 billion euros to recapitalize the country's cash-starved banks. 

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Australian Carrier Qantas Roars Back into Black

Australian carrier Qantas on Thursday roared back into the black in a stunning turnaround of fortunes driven by aggressive cost-cutting, while placing an order for eight Boeing Dreamliners.

The airline posted an Aus$557 million (U.S.$409 million) annual net profit in the year to June 30, a sharp recovery in the space of 12 months from a net loss of Aus$2.84 billion in the previous corresponding period.

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Oil Approaches Key $40 Level in Asian Trade

Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key $40 a barrel level after a surprise rise in U.S. inventories added to concerns of a supply glut.

U.S. benchmark West Texas Intermediate (WTI) for delivery in September, which expires Thursday, dipped 26 cents to $40.54 in midday trade after falling sharply in New York to its lowest level since March 2009.

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