Italian PM wins confidence vote

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Source: BBC

Mario Monti's government has won the confidence vote in parliament yesterday evening. He had 281 votes versus 25. Mario Monti's government strategy is to implement austerity measures in order to prevent debt crisis and boost economic growth. Today he faces vote in lower house. Meanwhile, students in many Italian cities organize protests against technocrats' government of Mario Monti.

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Fri, 18 Nov 2011 09:27:33 GMT

Permal shows higher interest towards yuan assets

Permal Group, the world leading hedge fund of funds, plans to increase investment in yuan  assets. China's potential as profitable investment option is growing in the light of Europe's financial problems, fund official saidl. Despite anticipation of yuan decrease Permal strategy of exposure to yuan assets will prove to be viable as analysts predict that after slight fall yuan will appreciate by 30% in the

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

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