A look at economic developments and activity in major stock markets around the world Monday:
TOKYO _ Japan's central bank pumped a record $184 billion into money markets and took other measures to protect a teetering economy Monday, as the Tokyo stock market nose-dived following a devastating earthquake and tsunami.
The benchmark Nikkei 225 stock average slid 6.2 percent in its first day of trading since the 8.9-magnitude quake centered on northeastern Japan struck Friday, triggering enormous waves that swamped towns and killed thousands.
Escalating concerns about the financial and economic fallout _ plus the risk of meltdown at damaged nuclear power reactors _ triggered a plunge that hit all sectors of the stock market. The broader Topix index lost 7.5 percent.
Elsewhere in Asia, China's main stock market, the Shanghai Composite Index rose 0.1 percent, Hong Kong's Hang Seng gained 0.4 percent and South Korea's Kospi gained 0.8 percent.
LONDON _ Japan's devastating earthquake and tsunami may cost the global insurance industry as much as $60 billion, which would make the disaster the most expensive ever behind Hurricane Katrina, according to early estimates.
NEW YORK _ The earthquake and tsunami in Japan will temporarily take pressure off of tightening global oil supplies, as the world's third-largest oil consumer works to rebuild its shaken economy, energy analysts said.
Benchmark West Texas Intermediate for April delivery traded around $101 per barrel on the New York Mercantile Exchange.
LONDON _ Greece was the big winner in markets after the European Union agreed to a broad package of measures to tackle the debt crisis that has for over a year threatened the existence of the euro currency.
Over the weekend, eurozone leaders increased the size of the bailout fund and revealed it can be used to buy bonds directly from governments in exceptional circumstances, but only if they agree to further austerity measures. They also eased the bailout terms for Greece, significantly brightening its financial outlook.
The deal took markets by surprise, especially as German Chancellor Angela Merkel had been sounding an increasingly strident tone against paying up for profligate governments.
Though analysts said the deal doesn't mean the crisis has come to an end _ the governments in the so-called "periphery" have years and years of austerity ahead of them _ the hope in the markets is that the EU is better prepared to deal with another debt crisis flare-up.
Bond market pressures fell in the most highly indebted eurozone countries, including Portugal and Spain. The euro rose and stock markets in Portugal, Spain and Greece rallied, even though most global markets were down in the wake of Japan's massive earthquake.
The FTSE 100 index of leading British shares closed down 0.9 percent, France's CAC-40 fell 1.3 percent and German shares fared even worse, partly because Germany has the deepest coffers in Europe and will have to pay the lion's share of the revamped bailout facility. The DAX index dropped 1.75 percent.
BEIJING _ China's premier ruled out allowing a faster rise in its tightly controlled currency to cool surging inflation, saying the country has to consider the impact on Chinese companies and jobs.
FRANKFURT, Germany _ The European Central Bank held off buying government bonds last week for a second straight week, days before EU leaders agreed to a package of measures to fight the debt crisis.
The purchases are intended to support troubled government bond markets and keep bond yields from rising out of control. Greece and Ireland have already needed bailouts and EU officials are trying to keep the troubles from spreading to other financially weak countries such as Portugal.
MUMBAI _ India's inflation quickened to an uncomfortable 8.3 percent in February, while solid growth in production and exports failed to stem the outflow of foreign portfolio investment in Asia's third largest economy.
TOBRUK, Libya _ The last major eastern Libyan oil port firmly under rebel control is not expecting another crude tanker for a month, a senior oil official said, raising new questions whether the OPEC member was still exporting crude at all.
HAVANA _ Cuba's central bank is devaluing the country's two types of peso by about 8 percent in relation to the dollar and other foreign currencies, hoping the move will spur exports and local production as the government seeks to overhaul a moribund economy.