European leaders are unconvinced that the Greek government's austerity efforts will produce quick results. Greece's fate is now likely to be decided at the EU summit in October. The country's European partners will have to choose among a number of equally unattractive alternatives.
Apple asks a court in California to ban eight Samsung devices from the US market, following a court victory over its South Korean rival.
Shares of Foxconn International Holdings, the world biggest contract mobile phone manufacturer, slump more than 8% after a dismal earnings report.
Shares of Baoshan Steel, China's biggest steelmaker, surge after it announces a share buy back plan in a bid to boost investor confidence.
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