Oil rose above $60 a barrel on Friday for the first time this year, bringing its gain this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply.
Europe
Greek finance minister says deal with EU will be done, 'even at eleventh hour'
Greek Finance Minister Yanis Varoufakis said on Saturday he believed Athens would reach an agreement with its EU lenders about the way out of its international bailout, "even at the last minute".
HgCapital plans sale of German care home chain Casa Reha: sources
Buyout group HgCapital is planning a potential 300 million euro ($342 million) sale of nursing home operator Casa Reha as the consolidation of Germany's fragmented healthcare services sector continues apace, sources familiar with the deal said.
Euro zone fourth-quarter GDP grows by higher than expected 0.3 percent
Euro zone gross domestic product (GDP) grew by more than expected in the final three months of 2014, data from the European statistics agency Eurostat showed on Friday, as the German economy accelerated.
U.S. Treasury's Lew supports Greece-EU talks, hopes for deal
United States Treasury Secretary Jack Lew called Greek Prime Minister Alexis Tsipras on Friday to express support for a favourable outcome in Greece's negotiations with its euro zone partners, Tsipras' office said in a statement on Friday.
Latest News
Greece will make every effort to reach an agreement with its euro zone partners at Monday's meeting of euro zone finance ministers on how to transition to a new support program, its government spokesman said on Friday.
A forecast-smashing growth reading from Germany sent stock markets higher and low-rated bond yields lower on Friday, putting global equities on track for a second straight week of gains.
Reaching a deal on Greece's emergency financing will be possible at the technical level, but a political agreement with the country's new leftist-led government will be "very difficult" the chairman of euro zone finance ministers said on Thursday.
A surprisingly aggressive dose of monetary stimulus from Sweden's central bank on Thursday injected life back into world markets which had been numbed by the stalemate in talks between Greece and its euro zone creditors.
Greece's new leftist government and its international creditors failed to agree on a way forward on the country's unpopular bailout and will try again on Monday, with time running out for a financing deal.
British data center provider Telecity (TCY.L) is being circled by private equity funds, sources familiar with the matter said, amid an increase in takeover interest in the FTSE 250 company since the departure of its chief executive in October.
Tesla Motors Inc (TSLA.O) Chief Executive Elon Musk is prepared to fire overseas executives, people with knowledge of the matter said, after weak Chinese sales of the company's luxury electric cars cast doubt on his ambitious global expansion plans.
The owner of British Airways is running out of time to secure Ireland's Aer Lingus as questions over its commitment to keep jobs and key Heathrow routes stoke opposition from politicians facing a tough election next year.
Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a program.
