US Senate approves veteran job bill

Source: CNN Money
© Scanpix/AP

US Senate has approved so far the only piece of Obama's jobs bill proposing to increase employer tax credit for hiring long-unemployed veterans. The proposal provides tax allowances of $5,600 for employing veterans who are jobless more than 6 months and tax credit of $9,600 for employing disabled troupers. According to Mitch McConnell, a leader of Senate Minority, veteran job bill currently is best possible contribution to create jobs.

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Fri, 11 Nov 2011 18:02:16 GMT

Better situation in Italy increases European share prices

Italian bonds' yield decreased and the government almost accepted austerity measures to rescue country's economy. Economic situation gets better and European shares started to rise. STOXX Europe 600 index increased by 1.3% to 238.31. FTSE MIB index also went up by 2.4%.

Fri, 11 Nov 2011 16:31:03 GMT

Exorbitant cost of Italy’s borrowings impacts global share indexes

Yields on 10-year Italian bonds achieved 7.28%; rate considered as unsustainable. Concerns about Italy's debt crisis grew impacting the global economy. Asian stock market indexes fell-Japan's Nikkei index dropped by 2.9% while Hong Kong's Hang Seng index decreased by 5.3%. European market proved to be more resilient-Germany's DAX index increased by 0.22%, and the French CAC 40 index went up by 0.4%.

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