Greece is under intense pressure to show "serious, credible" plans on how it can remain in the euro as its prime minister faces a showdown with eurozone leaders today.
The country is perilously close to leaving the currency after some 61 percent of voters rejected a new bailout deal that demanded further austerity measures.
German Chancellor Angela Merkel and French President Francois Hollande have said "the door is open" at today's crisis talks but signalled there is not much time.
"It is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the eurozone can translate into a lasting programme,” said Mr Hollande.
Mrs Merkel, speaking in Paris on Monday, said conditions for a new bailout to keep Greece from collapse "have not yet been met" and demanded "very precise proposals" from today’s crisis summit in Brussels.
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While traders have been holding tight on Greece, China has emerged as a more serious concern for investors - the two principal markets in China, the Shanghai Composite and Shenzhen Composite resumed their downwards slides and fell 3 percent and 5 percent respectively last night.
A series of interventions by the Chinese government have failed to ease investors' concerns - the market is down by 30 percent since mid-June.
Earlier in the year, China enjoyed very strong share price gains largely driven by millions of smaller investors, who may now get badly burned.
Some 800 listed companies stopped trading during the rout.
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Samsung has warned of a 4 percent drop in earnings - the company now expects to report a second-quarter operating profit of 6.9 trillion won (€5.5bn).
It has experienced supply issues with its S6 Edge smartphone, while currency fluctuations have added to its problems. This will be he first set of accounts which factors in the performance of its latest flagship phone.
If the forecast is correct this will be the South Korean company's seventh consecutive quarter of declining profits.
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RSA, the country’s largest insurance company, is to appeal the recent decision of the Employment Appeals Tribunal to award €1.25m to the company’s former chief executive in Ireland, Philip Smith.
Mr Smith and two other senior RSA Ireland managers were suspended by the company in late 2013 for what was described as issues in the claims and finance functions of the Irish division.
Subsequently, RSA’s UK parent pumped more than €260m of emergency funding into the Irish operation while Mr Smith resigned without severance compensation, claiming he had been made a 'fall guy.'
In a statement, RSA group general counsel said the group was astonished by the scale of the award and that the tribunal decision had failed to appreciate the critical role of reserving accurately for claims in an insurance company.
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Rolls Royce has issued its fourth profit warning in less than 18 months - the company's interests in the global aerospace industry are said to be the source of these new financial problems.
The firm is struggling to keep its costs under control as competition increases in the market.
The group’s marine division is being severely hit by the sharp fall in oil prices which has caused the market for Rolls Royce engines for oil rig supply vessels and power systems to dry.
Its chief executive Warren East was forced to stall a £1bn share buy-back halfway through the programme.
“This isn’t exactly how I would have chosen to spend my second day on the job,” Mr East, who took up the post last week, told the Financial Times.
Rolls Royce shares closed at 802p down 54p or 6 percent.
