Large U.S. banks reported mostly higher second-quarter earnings this week even as a pullback in trading revenues due to crises in Greece and China dented results.

The biggest hit came at Goldman Sachs, where revenues in bonds, foreign exchange and commodities trading fell 28 percent in the second quarter.

Greek Prime Minister Alexis Tsipras on Friday reshuffled his government, a day after a major lawmaker mutiny in his radical left Syriza party over a draconian bailout deal.

In a bid to show international creditors he is in control of his cabinet, Tsipras ditched energy minister Panagiotis Lafazanis, the head of Syriza's hardline faction that has consistently demanded an exit from the eurozone.

The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU's top official for the euro said Friday.

"We have an agreement on bridge financing.... This agreement is backed by the 28 member states," Commission Vice President Valdis Dombrovskis told reporters.

The Cyprus tourism sector recorded a 1.5 percent fall in arrivals in June but the overall number so far this year has exceeded one million for the first time in a decade.

Official data showed that 336,967 tourists arrived on the bailout-out holiday island last month, down from 342,221 in June 2014.

German lawmakers gave Chancellor Angela Merkel the green light Friday to resume talks on a new EU-IMF bailout deal for Greece, after she passionately argued it was the last chance to prevent "chaos" in the crisis-hit country.

Merkel, like Greece’s hard-left Prime Minister Alexis Tsipras, faced rebels in her own party ranks, but still won broad approval from the chamber where her "grand coalition" commands an overwhelming majority.

World Bank president Jim Yong Kim denied Friday that his organisation had been pressured by China to remove criticism of the country's financial system from a report.

Early this month the Washington-based institution released its China Economic Update report in Beijing, including a section urging the country to accelerate reform of its state-dominated financial sector. 

Asian markets mostly rose Friday after the European Central Bank boosted emergency aid to Greece and eurozone chiefs agreed a bridging loan to the country, while Hong Kong and Shanghai rallied as fears over a renewed mainland rout eased.

Buying was also given a bump by a record close on Wall Street, where investors were cheered by upbeat earnings, the easing of the Greek crisis and a stabilization of China's markets after a month of plunges.

A Greek parliament vote satisfies the initial terms of a bailout deal between Athens and its EU creditors agreed at a 17-hour summit earlier this week, an EU spokeswoman said Thursday.

"The authorities have legally implemented the first set of four measures agreed at the eurosummit in a timely and overall satisfactory manner," spokeswoman Annika Breidthardt told reporters.

Famed toy emporium FAO Schwarz, a household name for its aisles crammed with games and pricey playthings, shuttered its doors on Wednesday, a casualty of New York's skyrocketing real estate prices.

Thousands of nostalgic New Yorkers and tourists hurried to make a final purchase at the Fifth Avenue store immortalized in films such as 1988's "Big," when Tom Hanks famously played a piano on its floor with his feet.

Tokyo stocks rose 0.67 percent Thursday after Greek MPs passed unpopular reforms crucial to keeping the country in the eurozone, while the dollar picked up against the yen after Federal Reserve chief Janet Yellen reaffirmed a U.S. interest rate hike by year-end.

The Nikkei 225 index at the Tokyo Stock Exchange rose 136.79 points to close at 20,600.12, while the Topix index of all first-section shares climbed 0.88 percent, or 14.42 points, to 1,660.83.