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Ukraine ceasefire falters out of the starting gate

Peace talks aimed at brokering a Ukrainian ceasefire broke down before they even began, The FT reports.

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Where is global oil money going? To health care

Oil prices are in a major bear market. So how do sovereign wealth funds cope in this environment?

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Merkel rules out Greek debt relief

German Chancellor Angela Merkel rejects any cancellation of Greece’s debt, saying banks and creditors have already made substantial cuts.

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Japan hostage negotiations with militants ‘deadlocked’

Efforts by Japan and Jordan to secure the release of two of their nationals held captive by IS militants remain “deadlocked”, Japanese officials said.

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ECB’s Liikanen: Lending to Greek banks in jeopardy

A deal on extending Greece’s bailout deal must be found by the end of February or the ECB will not be able to continue lending to its banks.

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Corruption shakes up China’s biggest private lender

China Minsheng Banking’s president has resigned for personal reasons hours after several Chinese media outlets reported he was being investigated.

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Panasonic withdraws from TV production in China: Source

Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday.

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AirAsia captain left seat before jet lost control

The captain of the AirAsia jet that crashed in December was out of his seat conducting an unorthodox procedure when his co-pilot lost control.

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Aviation leaders seek new safety mandate after 2014

Aviation leaders will try to secure a mandate to implement new safety standards meet next week after a string of high-profile accidents in 2014.

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Stop letting countries manipulate FX: US Senator

The U.S. must insist that trading partners pledge not to manipulate currencies when negotiating trade deals, a senator said on Friday.