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(MENAFN - AFP) The United States on Friday urged Ukraine to accelerate anti-graft reforms, after the International Monetary Fund threatened to cut aid to the cash-strapped country due to corruption concerns.

Vice President Joe Biden made the comments during a call with Ukrainian President Petro Poroshenko, the White House said in a statement. It was his second call with Poroshenko ...

 
(MENAFN - AFP) Oil prices soared Friday, with US crude rebounding from a 2003 low, on reports that OPEC was willing to organize output cuts that could ease the global oversupply.

US benchmark West Texas Intermediate for March delivery shot up $3.23 (12.3 percent) to $29.44 a barrel on the New York Mercantile Exchange.

The contract had lost more than $4 in the prior ...

 
(MENAFN - AFP) Argentina's toughest "holdout" creditors have not accepted its repayment offer despite intense marathon negotiations this week, a US mediator said Friday.

Daniel Pollack, the court-appointed mediator in the negotiations, said that although two of the six main hedge fund creditors had accepted the "landmark" $6.5 billion offer, the other four had yet to accept.

"Intensive ...

 
(MENAFN - AFP) Google on Friday said it will be shuttering Picasa to shift its focus to the new Google Photos service launched less than a year ago.

"We believe we can create a much better experience by focusing on one service that provides more functionality and works across mobile and desktop, rather than divide our efforts across two different products," Google Photos ...

 
(MENAFN - AFP) Canada, Mexico and the United States signed a draft agreement Friday to curb greenhouse gas emissions while increasing their energy interdependence.

The deal will see the three nations working together to better coordinate their energy resources as they move "towards a continental approach to energy," Canadian Resources Minister Jim Carr told a joint news conference ...

 
(MENAFN - AFP) Thousands of Greek farmers demonstrated in Athens on Friday after earlier clashing with riot police in a protest against pension and tax reforms demanded by the EU and the International Monetary Fund (IMF).

Some 10,000 farmers joined by worker unionists gathered in the central Syntagma Square according to police, waving Greek flags and led by 20 tractors loudly ...

 
(MENAFN - AFP) Solid growth in powerhouse Germany kept the eurozone economy steady in late 2015 despite the buffeting from global market turmoil and a sharp slowdown in China, data showed Friday, but the outlook is clouded.

Analysts said the figures were "something of a relief" after recent weakening data had suggested a modest recovery in the 19-nation single currency bloc ...

 
(MENAFN - AFP) US and European stocks rallied strongly Friday, ending a painful week on a positive note following solid US and German economic data and a surge in oil prices.

London jumped 3.1 percent and Frankfurt and Paris gained 2.5 percent, brushing off another slump in Asia. US stocks followed up, with the Dow climbing 2.0 percent behind big gains in banking and energy ...

 
(MENAFN - AFP) Barred from discussing politics by the Thai junta, ousted Prime Minister Yingluck Shinawatra opened up her Bangkok home on Friday to talk about her new passion: vegetables.

Yingluck, Thailand's first female premier, was removed from office by a court shortly before the May 2014 coup.

She has since been buffeted by travel restrictions, banned from politics ...

 
(MENAFN - AFP) Large-scale trials for Zika virus vaccines are at least 18 months away, while establishing a possible link between the virus and two more harmful conditions will likely only take weeks, the World Health Organization said Friday.

An estimated 15 companies or groups have begun work on a vaccine for the previously obscure virus which has now become a global concern, ...

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