i'm charles hodson in london. "world one" is next.

i'm charles hodson. >>> good afternoon from cnn hong kong. the top stories this wednesday, june 22nd. >> george pap pan droe wins a no confidence vote. now the real wourk begins, convincing lawmakers to pass a stuff austerity plan. >> as qe 2 draws to a close, we ask can the world's biggest economy survive without it. >>> and ryan air creates a stir, teaming up with chinese comac to help develop a jet. >>> a quick look at the markets. after the great prime minister survives that vote of no confidence. stocks up on a second day. the relief rally continues that the greek debt crisis could be contained. in sydney the s&p was up by have a percent. metal prices rose on thursday. little movement in hong kong or shanghai. the biggest winner, the nikkei up nearly 2%. that was in no small part thanks to the performance as the yen. as it weakened exporters gained, sony up by 3.7%, toshiba nearly 3% higher, hitch tach chi 3% higher. a strong rally for the electronics stocks in tend. notoriously volatile at the moment. charles? >> a look at what's going

i'm charles hodson. this is "world business today." christine laguards is odds on favorite for the imf and final furlong as greeks strike over spending cuts. a french plan could help deal with some of its debt. >>> moody's puts a dent in toyota's credit rating. >>> greek grief over proposed austerity measures is spilling out over the streets once again. protesting in athens, traders respond to hopes that the prime minister, george papandreou will pass or will see his controversial hardship measures passed in the course of today. the major european stock markets opened with gains just over an hour ago and they're still in positive territory right now. i think there is a perception on the part of people in the markets there is some plan b and also the french plan or the agreement with french banks which envisions a rollover of breek debt is also helping. but in terms of the numbers, zurich, frankfurt and london up by about 0.3 to 0.75. paris cac up by 1% and in terms of the currency, a continuing weakness for the euro as a result of the

i'm charles hodson. this is "world business today," and these are the top stories. >>> new zealand is rocked by a series of earthquakes rattling the dollar. >>> three are a crowd as the imf hopefuls try to strengthen their support. >>> and we'll look at the economics transforming the country. we'll bring you up to speed on the stock markets f lit's start here in europe where trade has been going for the start of the week for about 61, 62 minutes. investors clearly still concerned about the global economy and the great debt crisis, but we are seeing very cautious gains there across the board with the exception of the zurich smi, which is off about 1.2%. otherwise up by one and a third percent. some difficulties for the euro and seesawing around. euro, 1.4354. and the japanese yen, still i suspect uncomfortably high for japanese exporters, just a shade over 80 on the dollar. >>> for more on, that let ee go to ramy inocencio. >> over in neighbored new zealand, the market finished just a little bit lower. th

i'm andrew stevens in hong kong. >> i'm charles hodson in london.s from now.

. >>> from cnn london, i'm charles hodson. one small step for cloud computing, one giant leap for apple as it touts its new central data hub and one-stop cyncing, but critics warn it could promote music piracy. >>> peru's president promises to spread the wealth. >>> investors, following fears of a slowdown, trading across much of europe and asia has taken a cautiously upward curve, clearly a sense that the market is a tiny bit oversold for now. perhaps not quite the wall of green that you see over there, but plenty of markets are beating the monday blues. let's have a look at what we're looking at in terms of european stocks. surprisingly steady open. nothing too spectacular in terms of gains. london ftse up about 0.25%. xetra dax up doing well, up about 0.4%. zurich smi, off by round about a 0.15%. a bit of strength returning to the dollar there. 1.4637 against the euro. 1.64 for the british. asian marketing are reacting to news in their own countries. our asia business analyst has a breakdown of what happened in that region.