STORM FURY: People wait in line to change flights at Miami International Airport in Florida. Northeast coast airports are cancelling thousands of flights as a major winter storm hits the North East US. (Joe Raed, AFP).
In other news
Eurozone ministers have spoken out against the idea of writing off Greek debt, hours after a new government advocating such a move was overwhelmingly elected.
Ratings agency S&P has cut Russia's sovereign credit rating to junk status, bringing it below investment grade for the first time in a decade.
The euro has inched higher after plunging in the wake of the leftist Syriza party's victory in Greek elections, while the rouble dropped.
A life-threatening blizzard has barrelled into the US Northeast, affecting up to 20% of Americans by making people housebound and halting thousands of flights.
Facebook has said it is testing a lightweight version of its mobile app for mobile phones with poor-quality internet connections in emerging markets like SA.
The rand has weakened against the dollar, largely weighed down by Eskom's warning of deeper power cuts likely to dampen investor sentiment.
The euro has extended its gains while Asian equities have climbed on hopes Greece's new government will be able to negotiate a bailout deal with the EU and IMF.
A massive snowstorm descending on New York has dulled Wall Street trade but stocks ended a bit higher, helped by some positive quarterly earnings reports.