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Upbeat stress-test results ignore bad bank assets (AP)
As regulators prepare to reveal how banks fared on 'stress tests' -- a key part of the government's plan to fix the financial system -- investors seem ready to take the news in stride.
yahoo.com

Dow up 214; S&P 500 moves ahead on year
Stocks jump on hopes home sales are starting to recover. A government report on construction spending shows an unexpected gain. Upgrades of Research In Motion and Intel boost tech stocks. Warren Buffett dismisses bank 'stress tests.' Sprint Nextel earnings beat estimates.
MSN

Yuan forwards trading near 8-month high
SHANGHAI -- China's one-year yuan forwards traded near an eight-month high as signs the local economy is improving fanned speculation the government will resume a policy of letting the currency apprec...
Big News Network

Brussels sees UK economy contracting 3.8%
Britain will suffer a deeper and longer recession than the government believes, with public finances to be among the worst hit in EU, but also one that is milder than the European average, the EC said
FT

AIG seen to post quarterly loss
AIG.N ) is expected to post a first-quarter loss on Thursday, but the embattled insurer's results will not trigger a new capital injection from the U.S. government this time, a source familiar with th...
BBC

US banks surge on test hopes
US bank shares surged as investors bet that some of the country's largest institutions will have to raise less capital than previously feared after this week's release of the government's 'stress tests'.
FT

Nepal`s Premier Resigns
Nepal's prime minister resigned, throwing the government into disarray and dealing a blow to a tenuous peace.
Wall Street Journal

S&P tops 900 as investors return to banks
US stocks surged, taking the benchmark S&P 500 above 900 points and into positive territory for the year, in a day dominated by rumour surrounding the government's stress tests on banks
Financial Times

Microsoft Launches Stimulus360 to Help Make Government Transparency and Collaboration a Reality
/PRNewswire-FirstCall/ -- As part of Microsoft Corp.'s ongoing efforts to help government organizations become more open and transparent, the company today unveiled Stimulus360 (
Big News Network

French Car Registrations Decline
The number of new cars registered in France fell 7% from a year earlier in April, as an expected boost from government scrapping incentives failed to materialize.
Wall Street Journal

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