Oil prices stabilized in Asia Monday following sharp gains in the previous session as dealers predicted the end of volatile trading and the beaten-down commodity bottoming out, analysts said. 

U.S. benchmark West Texas Intermediate (WTI) for April delivery fell 36 cents to $49.40 while Brent crude eased 41 cents to $62.17 in afternoon trade. 

China's manufacturing activity in February improved more than initially thought, HSBC said Monday, but weakening foreign demand and declining prices signaled the world's second-largest economy still faces multiple woes.

The British bank's final purchasing managers' index (PMI) for the month came in at 50.7, up from its preliminary reading of 50.1 and the highest since July's 51.7, the firm said in a statement.

Spanish Prime Minister Mariano Rajoy on Sunday called on his Greek counterpart to get "serious" about his country's debt-wracked economy, after Alexis Tsipras accused eurozone partners of undermining its negotiations with Brussels.

Rajoy was reacting to comments by Tsipras on Saturday, who said that during talks that earned Greece a four-month extension to its bailout, pressure from certain other European countries "had the character of blackmail" -- pointing especially to Spain and Portugal.

After unemployment and deflation, Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy.

Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and political bias, saying the world's most powerful central bank is too autonomous and unaccountable. 

Japanese telecom giant NTT Communications is looking to acquire German data center operator e-shelter, as it seeks to cash in on growing demand in Europe, a newspaper reported Saturday.

Data centers are becoming crucial for IT companies operating in Europe, with many of the continent's consumers wary of U.S. surveillance in the wake of U.S. whistle-blower Edward Snowden's revelations.

India's finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to "fly", as he unveiled the new right-wing government's first full budget.

Arun Jaitley said his government had inherited an economy dominated by "doom and gloom" when it took power last year, trumpeting its achievements in conquering inflation and kick-starting growth.

German lawmakers approved a hard-won bailout extension for Greece's new anti-austerity government in a move Berlin's finance chief called "not easy" but necessary, keeping a crucial lifeline open to Athens.

Greece's left-wing Prime Minister Alexis Tsipras welcomed the German vote Friday as "a political act of common sense and democracy", saying there would be no third bailout for his country and pledging to get to work on reforms.

Qatar's sovereign fund has taken control of one of Italy's prime business areas after buying out other shareholders in a move hailed as heralding a new era of inward investment for the recession-bound country.

Property group Hines Italia announced Friday that the Qatar Investment Authority had taken 100 percent control of the Porta Nuova district in Milan, in which it has held a 40 percent stake since 2013.

German lawmakers approved Greece's hard-won bailout extension Friday in a move the finance minister called "not easy" but necessary, removing the last hurdle to keep crucial international aid flowing to Athens.

Despite scepticism in Europe's top economy, the four-month reprieve for Greece won overwhelming backing as expected in the lower house of parliament where Chancellor Angela Merkel's left-right coalition commands a crushing majority.

After half a century lacking basic goods, many Cubans have become experts at fixing devices and cars long past their prime.

Cuba's "fixers" are ubiquitous on the street corners of the communist-run island, offering to repair items ranging from classic American cars to umbrellas, mattresses and appliances.