News Today - July 10

* China called for reform of the reserve currency system at a meeting of world leaders in one of its most direct attacks on the dollar's global dominance.

* Japan's benchmark measure of wholesale prices falls a record 6.6% on year in June, a larger drop than most had forecast.

* Infosys reported a 17.2 per cent rise in quarterly profit, beating market expectations, as it boosted sales in newer markets.

* The Bank of Korea says the country’s economy will likely shrink by far less than it previously forecast, partly thanks to government stimulus.

* US First-time claims for unemployment benefits fall to the lowest since January, but indicative of how tough the job market is, the number of folks continuing to collect state benefits hits another record high