Money Daily Brief: Asian stocks highest in a year
鈥ising Asian stocks: Asian markets climbed with the benchmark MSCI Asia-Pacific Index reaching and the Indian Sensex climbing 1.3 percent to . The plummeting dollar is encouraging investors to pour like China and India, which have outpaced the rise in gold, despite the .
鈥il prices soar: They jumped above $75 a barrel for , spiked largely by a weakening US dollar and strong China growth data, which suggests a in the world鈥檚 No. 2 oil consumer.
Eurozone's output up: Industrial output in the 16-nation region in August. With July's production figure also revised upward, it suggested that began in the third quarter.
鈥n my backyard: In a new corruption scandal that exposes India鈥檚 endemic corruption, Meera Shankar, India鈥檚 ambassador to the US, has alleged that worth millions of dollars to Indian bureaucrats in exchange for for lucrative contracts. India's prime minister has into the matter. Five government departments have been asked to submit a report on .
鈥� is a Monitor correspondent in Pune, India. For a look at the rising debate over US healthcare costs see Would healthcare premiums go up under Senate Finance bill?
