Business/Economy
Global markets tumble on Spain, Italy worries - Economic Times
Benchmark US Treasury yields fell to their lowest levels in at least 60 years on Wednesday, and stocks and commodities sold off as fears over the deepening eurozone debt crisis gripped investors. The euro fell below $1.24, near a two-year low, as Italian borrowing costs soared and concerns mounted over Spain's banking sector. Crude fell 3%. In equities markets, all three major indices on Wall Street fell more than 1%, and European and global shares also fell over 1%. 

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Verbatim

When television news anchor Rahul Kanwal got through to Srinivasan and asked him about Meiyappan’s arrest, the BCCI president reacted with thuggish belligerence: 'Shut up, just shut up. I will fix the whole lot of you.' It’s amusing, of course, that “fixing” appears to be uppermost on Srinivasan’s mind even at this stage.This IPL series has shown up the carnival to be a can of worms and India’s cricket administration to be rotten at its core. As a first step towards fixing it over the long haul, Srinivasan and his political patron and IPL chairman Rajiv Shukla should be made to resign, and the Chennai Super Kings team disqualified.
Venky Vembu
 

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