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Relief rally around the world: A trader working the floor of the New York Stock Exchange.

Global stocks surge most since 2012

Jeremy Herron and Anna-Louise Jackson

Markets around the world surged the most in 3 1/2 years as oil rallied and investors bet on new stimulus measures to end the recent rout.

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ASX isn't out of the woods yet

The ASX is set to open higher on Monday after an oil price rally.
Jessica Sier

Australian shares are set to open strongly higher on Monday after a day of positive end to the week on Asian markets and a 10 per cent surge in the price of oil.

Oil rallies 10pc as bearishness eases

Oil should hit a bottom within one to three months, according to Citigroup analyst Ivan Szpakowski.
Grant Smith and Moming Zhou

Oil rallied, capping the biggest two-day advance in more than seven years after a slump to a 12-year low prompted some investors to buy back record bearish bets.

Global equities rise as oil surges

The S&P 500 had risen more than 1.5 per cent by early afternoon trade on Friday for a second day of gains after falling to a 21-month low.
Jeremy Herron and Anna-Louise Jackson

US stocks added to a global rally on speculation that central banks will expand stimulus measures. ASX futures +1.1pc. $A steady. BHP +1pc in London.

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'Brexit' may be deathknell for EU

A WEF sign sits on the wall outside the Congress Center ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 19, 2016. World leaders, influential executives, bankers and policy makers attend the 46th annual meeting of the World Economic Forum in Davos from Jan. 20 - 23. Photographer: Jason Alden/Bloomberg
Ambrose Evans-Pritchard

Europe's leaders have issued a passionate plea for Britain to remain in the European Union, fearing that "Brexit" could set off a disastrous chain of events at a time of existential crisis for the region.

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My blooming social enterprise

Nipuni Wijewickrema and her sister Gayana who has Down syndrome.
Kate Jones

Nipuni Wijewickrema runs a "socially sustainable" business that has put her in the running for Young Australian of the Year.

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Google taxes must be probed: Xenophon

The independent senator says Australia must investigate Google's tax record after the tech giant agreed to pay back millions in taxes to the UK. Vision courtesy ABC News 24.

Duration
01:17