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It’s official: Red wine is indeed your heart’s best friend

Red WineWashington, Oct 29: Intake of foods rich in polyphenols, a family of antioxidative compounds found in high concentrations in grapes and red wine, helps reduce the risk of heart disease, according to a review article in the November issue of Nutrition Research.

Philippine stocks up more than 4 per cent on Wall Street gains

Philippine stocks up more than 4 per cent on Wall Street gainsManila - Philippine share prices rose 4.47 per cent on Wednesday as investors snapped up bargain stocks following overnight gains in Wall Street.

The 30-share composite index of the Philippine Stock Exchange added 76.23 points to close at 1,780.64 from Tuesday's finish of 1,704.41.

A total of 1.158 billion shares worth 2.319 billion pesos (47.32 million dollars) were traded.

Gainers led losers 87 to 27, while 41 issues were unchanged.

UN: Migration can help ailing economies out of financial crisis

Manila - Countries affected by the global financial crisis should remain open to migrant workers who can help boost their ailing economies amid the economic slowdown, UN Secretary General Ban Ki-moon said Wednesday.

Ban said he was "deeply concerned" that more than 200 million migrant workers around the world were adversely affected by the economic slowdown, as labourers in badly hit sectors such as construction and tourism start to lose their jobs.

"Today, we face a cascade of national financial crises throughout the world," he told the Global Forum on Migration and Development in Manila. "Almost none of our economies is insulated."

New Zealand market rises 2.2 per cent after roller-coaster day

New Zealand stock marketWellington - The New Zealand stock market rose 2.2 per cent on Wednesday after a roller-coaster day in which strong gains in morning trading were checked later.

The benchmark NZX-50 index rose nearly 4 per cent in the first 15 minutes of trading, apparently fired by news of dramatic gains on Wall Street which produced the second biggest rise on record.

Uddhav Thackeray warns Bihar's leadership over migrants' row

Uddhav Thackeray warns Bihar's leadership over migrants' rowMumbai/Gaya, Oct 29 : Shiv Sena party chief Uddhav Thackeray has warned Bihar’s leaders not to add fuel to a raging migrants'' row.

Thackeray was reacting to Railways Minister Lalu Prasad Yadav''s demands of putting a ban on Shiv Sena and Maharashtra Navanirman Sena (MNS) accused of fuelling anti-immigrant rhetoric in Maharashtra.

IMF provides 15.7-billion-dollar rescue package to Hungary

Washington - Hungary has received a commitment from the International Monetary Fund (IMF) to provide as much as 12.5 billion euros (15.7 billion dollars) in loans to the Eastern European country as it seeks to weather the global financial crisis.

The IMF and Hungary made the agreement Tuesday after Hungarian stocks and the forint have plunged, its economy slows and the government runs a growing budget deficit.

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