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While U Slept: Biz&Buz. The Big 5 Overnight Stories. Thursday, 04/29/10

April 29, 2010

EUROPEAN ECONOMIC CONFIDENCE AT 2-YEAR HIGH Surprise jump in executive and consumer confidence index offers hope for more robust European recovery, even as Greek crisis threatens markets. (Bloomberg)

EURO HALTS SLIDE AFTER IMF PLEDGE ON GREECE Single currency reinforced by International Monetary Fund promise to boost aid package for Greece to as much as 120 billion euros to stem spreading financial crisis. (NYTimes)

SHARES IN PALM JUMP FOLLOWING HP ANNOUNCEMENT After Hewlett-Packard evening announcement of plans to acquire struggling smartphone maker, Palm shares rise on European markets. (Reuters)

RUSSIAN CENTRAL BANK LOWERS REFINANCING RATE Russian central bank cuts refinancing rate to record low 8%, effective Friday. (MarketWatch)

SUNNY US OUTLOOK HOLDS OIL PRICES STEADY Global oil prices hold steady at $83, thanks to Fed pledge to keep interest rates low, hopes of increased US demand. (Reuters)

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