IEA says premature to cut oil demand forecasts

IEA says premature to cut oil demand forecasts
LONDON (MarketWatch) -- The International Energy Agency said Wednesday it wasn't ready to trim global demand forecasts over the state of the U.S. economy, saying that Washington spending and tax plans could limit or prevent a recession.

Woolworths predicts retail profit
Woolworths says it expects its High Street retail arm to return to profit despite waning consumer confidence.

Recession fears hit stock markets
European and Asian shares fall on continuing fears of a US recession and slowing corporate profit growth.