- IEA Cuts World Oil Demand Forecast
The International Energy Agency on Wednesday lowered its 2010 world oil demand forecast by 220,000 barrel-a-day to average 86.38 million barrels a day.
- Morgan Stanley Under Probe
U.S. federal investigations are probing whether Morgan Stanley misled investors about mortgage derivative products it helped design and sometimes bet against.
- Japan's Government's Debt Hits Record High in 2009
The outstanding balance of Japan's central government debt hit a record high of 882.92 trillion yen at the end of fiscal 2009 through March 31 as the government issued more bonds amid the economic downturn.
- US Stocks Jumps on EU Bailout Plan
U.S. stocks rocked to their biggest gain in a year Monday with Dow index closing up nearly four percent after a massive rescue package for the eurozone eased investors' fear of a sovereign debt crisis.
- U.S. Fed Keeps Interest Rates Unchanged
The U.S. Federal Reserve decided to leave its rates unchanged in the range of zero to 0.25 percent, saying the economic conditions were likely to warrant exceptionally low levels for an extended period.