Greek bailout decreases borrowing costs for Italy and Spain

Source: Bloomberg
The approval of Greece's rescue package has provided European officials with time to persuade investors they are able to implement both fiscal discipline and growth. Italian and Spain borrowing costs fell on the Greek agreement. Yields for 10-year Spanish notes declined to 5.08% compared to 6.7% in November while Italian 10-year borrowing costs diminished below 5.4% compared to 7.1% in December. 
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Wed, 22 Feb 2012 14:15:50 GMT

Hang Seng index 0.3% higher on property shares

Hong Kong's Hang Seng index finished modestly higher on Wednesday Hang Seng index added 0.33% or 70.56 points and closed at 21,549.28 led by property companies. China Overseas Land & Investment added 2.8% and China Resources Land climbed 2.9%. Gains were limited as HSBC preliminary gauge showed China's manufacturing may decline in February. Among major decliners were Li & Fung

Wed, 22 Feb 2012 13:50:21 GMT

China plans to raise exports to emerging economies

China is set to increase exports to emerging economies to reduce its vulnerability to shocks in the developed markets, said Zhong Shan, Deputy Minister of Commerce. China will try to raise its exports to 30 countries like India and South Africa. The closer attention will be put to countries with large resources and big populations coupled with important strategic positions,

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