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(MENAFN - AFP) German Chancellor Angela Merkel on Friday backed Italy's Matteo Renzi to deliver on a pledge to "turbo-charge" his reforms after the European Central Bank's decision to pump billions into the moribund eurozone economy.

Despite fundamental differences over the wisdom of the ECB's unprecedented bond-buying programme, the two leaders were able to find common ground ...

(MENAFN - AFP) Oil prices rose Friday after the death of Saudi Arabia's king, with investors waiting to see if the producer will tackle a supply glut that sent crude to six-year lows.

US benchmark West Texas Intermediate (WTI) for delivery in March climbed 60 cents to $46.91 a barrel compared with Thursday's close.

Brent North Sea crude for March rallied $1.03 to stand ...

(MENAFN - AFP) The European Central Bank's bond-buying "bazooka" fired global stock markets higher on Friday, but sent the euro diving to a new 11-year low below $1.12.

The ECB sparked a global rally Thursday after launching radical 1.14-trillion-euro ($1.27-trillion) bond-buying plans to boost lending and economic growth, while seeking to prevent a dangerous spiral of falling ...

(MENAFN - AFP) The leader of Greece's anti-austerity Syriza party says he is preparing for a "major confrontation" with the country's international creditors if he wins Sunday's general election.

In a defiant final campaign speech on Thursday, Alexis Tsipras signalled that the eurozone, fresh from being boosted by a massive ECB stimulus announcement, was heading for a new ...

(MENAFN - AFP) Sierra Leone on Friday lifted crippling nationwide restrictions on movement put in place at the height of the Ebola crisis, amid signs that the deadly epidemic was retreating.

"Restrictions on movement will be eased to support economic activity. As such, there will no longer be any district or chiefdom level restrictions on movement," President Ernest Bai Koroma ...

(MENAFN - AFP) Greek stocks surged over 5.0 percent on Friday after the European Central Bank announced a bond-buying programme to stimulate the eurozone economy, and ahead of Sunday's general election.

The Athens stock market was up 5.55 percent in early trade to 835.75 points two days before the crucial ballot that could determine the country's future in the euro area.

The ...

(MENAFN - AFP) South Korea's economy registered its slowest growth for more than two years in the fourth quarter, the Bank of Korea said Friday, underlining recovery concerns despite record low interest rates.

The central bank said Asia's fourth largest economy grew just 0.4 percent in the October-December period compared to the third quarter.

It was the slowest expansion ...

(MENAFN - AFP) Eurozone business activity picked up to a five-month high in January, a key survey showed Friday, just the day after the European Central Bank announced a 1.0-trillion-euro economic stimulus package.

Analysts said the report was encouraging as it confirmed a recent modest pick-up but they cautioned that growth remains weak after the economy faltered badly in ...

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