SPARKS FLYING: An Indian labourer cuts iron rods at a construction site in India. From the US to Asia to Europe, a global economy that many feared was at risk of stalling appears poised for resurgence on the strength of cheap oil and falling interest rates. (Ajit Solanki, AP)
In other news
French nuclear group Areva has confirmed record net losses in 2014 of €4.8bn after it was forced to absorb costs linked to delays to its flagship next-generation reactor.
US stocks have opened lower for a second day after the run that saw new Dow and S&P records and a 15-year high for the Nasdaq.
The UK government has agreed to sell its 40% stake in the Eurostar International rail operator for £757m to UK and Canadian-based buyers.
Oil prices have been mixed before the release of a key US supply report and as dealers eyed escalating violence in crude producer Libya, analysts say.
Europe's stock markets have mainly fallen, as investors examined weak data on the eve of the European Central Bank's latest interest rate gathering.
Britain's state-rescued Royal Bank of Scotland will axe up to 14 000 jobs by 2019 in a retreat from investment banking, the Financial Times reports.
Orascom Construction plans to offer 11% of its shares on the Cairo bourse to raise $185m, with the business seeking a dual listing on the Egyptian stock market.
Asia markets have mostly fallen following a retreat on Wall Street fuelled by profit-taking, with Tokyo hit by a stronger yen.