Oil prices were higher in Asia Friday, but gains were limited in a market burdened by a persistent oversupply.

A continued rise in U.S. commercial crude inventories further confirmed predictions the glut will last well into next year, with Iran also expected ramp up production when Western sanctions are lifted under a deal with major powers to curb its nuclear program.

German car giant Volkswagen, tainted by an emissions scandal, is keeping a low profile as it attends a major auto show in the United States and prepares to meet with regulators.

Gone were the company's flashy presentations and pompous speeches at the Los Angeles Auto Show Wednesday when Volkswagen's chief executive in America, Michael Horn, made an appearance.

Seven years after being nationalized in a 2008 bailout, ABN Amro bounces back onto the stock market Friday in what is being billed as one of the biggest IPOs by a European lender since the financial crisis.

ABN Amro said it would offer 20 percent of its capital to investors in a first tranche.

A U.S. bank announced Thursday it has begun offering its American clients debit cards they can use in Cuba for the first since the two Cold War foes moved to normalize relations nearly a year ago.

Florida-based Stonegate bank said its U.S. clients can use the Mastercard debit card at hotels, restaurants and other businesses on the communist-ruled island.

Britain will be more vulnerable to the kind of attacks launched by the Islamic State group in Paris if planned police budget cuts go ahead, the country's former counter-terrorism chief warned on Thursday.

Finance minister George Osborne is set to announce departmental budget cuts in a spending review next week, and the interior ministry, which oversees policing, is in line for what are expected to be sizable reductions.

Residents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country's conflict in 2011, the Al-Watan daily said on Thursday. 

Jamal al-Satal, head of Syria's Consumer Protection Society, told the paper that "individual purchasing power has dropped hugely," estimating it had decreased "by 80 percent since the beginning of 2011." 

Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices.

Naimi said global production lost four million barrels per day due to natural depreciation and predicted an increase in demand of one million bpd.

Japan's central bank on Thursday held fire on expanding its monetary easing program, even as the world's third-largest economy slipped into its second recession in two years and monthly exports fell.

Prime Minister Shinzo Abe has been trying since late 2012 to revitalise Japan's economy through his signature "Abenomics" policies, with aggressive monetary easing by the Bank of Japan (BoJ) at its foundation.

Oil prices rose in Asian trade Thursday as Europe struck back against the Islamic State (IS) group after the Paris attacks and U.S. crude stockpiles registered a mild rise, analysts said.

The Federal Reserve's broadly upbeat summary of the U.S. economy also lifted confidence, with most markets in Asia advancing after a rally on Wall Street.

A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park operator under a recapitalization plan.

Riyadh-based Kingdom Holding Co, 95 percent owned by the billionaire Prince Alwaleed bin Talal, confirmed its "additional investment in Euro Disney... whereby KHC fully participated in the rights issue" offered by the company which operates Disneyland Paris.