Feb 27, 2013

Greenback plunges below ¥92

The dollar plunged below ¥92 in Tokyo trading Tuesday as the euro was battered after the general election in Italy left the country in political gridlock and raised uncertainties over the reconstruction of its public finances. At 5 p.m., the dollar was quoted at ...

Feb 27, 2013

India probing if bribes were paid in $750 million helicopter contract

India’s top investigative agency is looking into the role former Air Chief Marshal Shashi Tyagi played in a $750 million helicopter contract marred by reports of bribery. Italian prosecutors suspect that kickbacks worth around 10 percent of the deal, or $68 million, were paid ...

Feb 27, 2013

Nikkei tumbles on yen rise, European worries

Stocks fell sharply Tuesday, pressured by heavy selling on the back of the yen’s upsurge and rekindled concerns over the European debt crisis after Italy’s general election. The Nikkei 225 average closed down 263.71 points, or 2.26 percent, at 11,398.81. On Monday, the key ...

Work begins on Pompeii's $142 million makeover

Feb 8, 2013

Work begins on Pompeii's $142 million makeover

Conservation workers at the long-neglected Roman city of Pompeii began a €105 million ($142 million) makeover partly funded by the EU on Wednesday, a day after former site managers were put under investigation for corruption. The project, which is being funded to the tune ...

Berlusconi vows to refund money of property tax

Feb 4, 2013

Berlusconi vows to refund money of property tax

Former Prime Minister Silvio Berlusconi vowed Sunday to refund the money Italians have had to fork out for an unpopular property tax if his coalition wins this month’s elections. Speaking at a rally in Milan, he vowed to scrap the levy and refund the ...