A look at economic developments and activity in major stock markets around the world Friday:

The euro fell sharply against the dollar Friday on fears that Greece won't be able to avoid a default.

Lawmakers from two parties backing Greece's coalition government are meeting to consider support for legislation containing new austerity measures in the wake of six resignations from the cabinet and the withdrawal of a small right-wing party from the coalition.

MONDAY, Feb. 13

GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth.

BONUSES CUT: Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability.

International Paper Inc. will be allowed to go ahead with its $3.7 billion acquisition of smaller rival Temple-Inland Inc. after reaching a settlement with the Justice Department's antitrust division.

Shares of oil producer Cobalt International Energy Inc. surged 36 percent Friday after the company released a study showing that one of its wells might be far more productive than many analysts thought.

South Dakota's 13,000 state workers are up for a pay raise after three years without one, but a plan outlining an across-the-board $2,300 for all public employees won't move forward this legislative session.

Dairy Queen has opened its 500th store in China after a year of aggressive expansion there.

THUMBS UP: General Motors Co. won approval from environmental authorities in central China for a new $1.1 billion assembly plant, though the company says it has not yet decided on the plan. The go-ahead is one of many required a large project.

If your financial life is simple and you have basic computer skills, using do-it-yourself software is an "EZ" way to file your tax return.

SHOW OF SUPPORT: German Finance Minister Wolfgang Schaeuble told his Portuguese counterpart that Berlin is ready to support possible changes to Portugal's bailout program.

Hawaii has joined what's being called a landmark $25 billion federal-state agreement with the nation's five biggest mortgage servicers.

Idaho's House Resources and Conservation Committee voted unanimously to limit local governments' authority over oil and natural gas drilling, after energy-industry representatives raised concerns they could be regulated out of business by cities or counties.