Manila’s transport workers struggle to make ends meet as Philippines feels
force of oil crisis
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The Philippines is uniquely exposed to the surging oil price caused by the
war in the Middle East. The government is facing protests and widespread
anger...
1 hour ago
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Italy's benchmark stock index leapt 3.7 percent and the nation's borrowing costs plunged after the country's Senate passed a crucial austerity budget demanded by the European Union. Other European stock markets and the euro also pushed higher as investors became more confident that Italy would avoid a fiscal disaster.
ReplyDeleteThe passage clears the way for Italian Premier Silvio Berlusconi to step down. Berlusconi was widely considered an obstacle to serious economic reforms. The yield on Italy's benchmark two-year bond dropped 0.43 percentage point to 5.69 percent. That's a sign bond investors think Italy will succeed in managing its massive debt load.