The Standard & Poor’s 500 Index rose 1.6 percent at 1:53 p.m. in New York. The MSCI Emerging Markets Index increased 2 percent after falling 6.1 percent in the past three sessions. Greece’s ASE Index climbed 5 percent, rebounding from four days of losses. The euro strengthened the most

Credit-default swaps on the Markit CDX North America Investment-Grade Index Series 13, which is linked to 125 companies and used to speculate on creditworthiness or to hedge against losses, fell 6.5 basis points to a mid-price of 100.5 basis points as of 12:18 p.m. in New York, according to

The New York-based firm, run by former Apollo Management LP partner Michael Gross , declined 4.9 percent to $17.59 as of 12:02 p.m. in New York trading. The company sold 5 million shares for $18.50 apiece after asking investors to pay as much as $21 each, a Jan. 27 filing with the Securities

Greece's European partners are under pressure to approve a financial aid mechanism for Athens and are to convene at a summit on Friday in Brussels. The Greek fiscal debacle is expected to figure prominently at the talks, with the EU wanting to avoid the intervention of the International