Someone forgot to tell investors in Facebook that the Europe situation remains on the brink of self-destruction.

BBC

Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn). The IPO is set to be the largest ever for an internet firm, bigger than Google's valuation of $23bn in 2004. IPOs are when companies list shares on the stock market for the first time.

BBC

Facebook has announced it is to buy Instagram - the popular photo-sharing smartphone app. Facebook is paying $1bn (£629m) in cash and stock for the takeover. Instagram was only launched in October 2010 - initially just for the iPhone before being offered as an Android app last week.

Reuters

Greece's political leaders meet on Wednesday to form a caretaker government to take it to a second election in just over a month, with its euro membership at stake and its president speaking of "fear that could develop into panic" at its banks. President Karolos Papoulias was forced to call a new vote after failing to cobble together a coalition government.

Telegraph

More than £122.3bn was wiped off the value of Europe's biggest companies on Monday amid fears that the eurozone's commitment to austerity was being swept away by political rebellion - just as its debts hit record levels. Stockmarkets plunged as traders panicked that Angela Merkel could lose her key allies in France and the Netherlands and that the debt crisis rescue plans could unravel.

Bloomberg

Oil rebounded from the lowest price in almost a week as investors bet that fuel demand may increase amid signs the U.S. and Chinese economies are strengthening. Futures gained as much as 0.7 percent in New York after losing 1 percent yesterday. U.S. retail sales rose in February by the most in five months, according to a Bloomberg News survey before today's Commerce Department report.