BP said it would deepen capital investment cuts this year to adapt to lower oil prices after a surprise contribution from its stake in Russia's firm Rosneft helped it to beat quarterly profit forecasts.

• February 3, 2015

Stock markets rallied around the world on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone.

• February 3, 2015

British finance minister George Osborne said on Monday that a stand-off between Greece and the euro zone over Greek debt was fast becoming the biggest risk to the global economy.

• February 2, 2015

German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package.

• January 31, 2015

A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.

• January 31, 2015

The EU has prepared a draft statement for the foreign ministers of its 28 members to agree to extend sanctions against Russia by six months, add new people to the sanctions list and prepare new measures.

• January 28, 2015

Royal Dutch Shell (RDSa.L) signed a deal with Iraq on Wednesday worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, boosting the country's aim to become a major regional energy player and diversify its income.

• January 28, 2015

China plans to cut its growth target to around 7 percent in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.

• January 28, 2015