Bonds

Italian stocks plunge on populist government's plans

Italy's stock market has plunged after the new populist government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year.

Asian victors may find anti-China campaign vows hard to keep

Three Muslim-majority South Asian countries have elected leaders who campaigned on a promise to temper Beijing's growing influence, but analysts say reducing China's foothold won't be easy because of the billions of dollars spent and invested already.