Chinese markets showed signs of calming overnight - the Shanghai Composite rose as much as 5 percent after the lunchtime break on Thursday, while the Shenzhen market gained 3.7 percent, wiping out most of the damage done on Wednesday night.
Each market has fallen by about 30 percent since early June and have lost roughly $3 trillion in value since then.
This night of recovery comes after extensive government intervention to stabilise the market - which included relaxing of trading regulations and the encouraging for banks to make financing available to companies seeking to buy their own shares.
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The New York Stock Exchange suspended trading for almost four hours yesterday citing "technical issue" - it remains unclear what these issues were.
The disruption began at about 11:30am local time, but did not appear to affect other stock markets.
The NYSE said in tweets: "The issue we are experiencing is an internal technical issue and is not the result of a cyber breach."
"I can't say with precision exactly what drove it," NYSE President Thomas Farley told CNBC.
"We found what was wrong and we fixed what was wrong and we have no evidence whatsoever to suspect that it was external."
NYSE cancelled all affected electronic trades - but this process had to be carried out manually and this is believed to have been the cause of the delay.
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Greece is due to give full detail of its revised bailout proposals today. The plans will be put to its international creditors.
Greek Prime Minister Alexis Tsipras has requested a third bailout to avoid bankruptcy and exiting the Eurozone.
An emergency summit involving all 28 EU members to discuss the Greek crisis is scheduled to take place on Sunday.
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The UK's summer budget could have ramifications for Ireland, as the country cut its corporation tax rate from 20 to 18 percent.
This is still above Ireland's 12.5 percent rate, but George Osborne also announced income tax cuts - Irish business body Ibec called the measures a "wake up call" for the Irish Government.
Ibec economist and head of policy Fergal O'Brien said, "Britain is fast becoming a more attractive European investment location, to Ireland's potential detriment."
"A cut to the UK corporate tax rate, along with recent innovation tax incentives, mean the UK now has one of the most attractive tax offerings in Europe," he continued.
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The Banking Inquiry will take evidence from Derek Quinlan, who was once of Ireland's best-known developers at the peak of the property bubble.
It is estimated that Mr Quinlan owed around €3.5bn to Anglo Irish Bank and other lenders at one point.
The inquiry is also set to hear from Cathy Herbert, a formal special advisor to Brian Lenihan, to hear her thoughts on the role played by ministerial advisors throughout the financial crisis.
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The digital brands, DoneDeal.ie and Daft.ie are to merge their operations, the new entity will be 50 percent owned by Norway’s Schibsted Media Group, owner of DoneDeal.ie and by the Irish Group, Distilled Media, which is contributing its Adverts.ie and Daft.ie brands to the merger.
Following the deal, the individual brands will continue to operate across the general small ads, car and property classified advertising sectors here.
Eamonn Fallon, who co-founded Distilled Media with his brother Brian will head up the new business which had combined sales in the first half of the current year of €9.4m.
