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Business Report: Rumours send markets on wild ride

Markets closed on fairly level note, but over the course of the day, concerns over Greece and rumours that Italy was borrowing money from China created 150-point swings. And the cost of insuring Greek debt doubled overnight, so look out. Robert Harris is here with details:

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A protesting cab driver burns the rubber of his motorcycle tires in front of a police barrier outside the Greek Parliament in Athens on. About 5,000 taxi drivers gathered in protest, angry at government plans to open up their licensed profession to more competition. The reforms were demanded by Greece's rescue creditors, as part of an effort to cut government spending and regulatory control of the private sector. (Keystone/AP Photo/Thanassis Stavrakis)

A protesting cab driver burns the rubber of his motorcycle tires in front of a police barrier outside the Greek Parliament in Athens on Tuesday. About 5,000 taxi drivers gathered in protest, angry at government plans to open up their licensed profession to more competition. The reforms were demanded by Greece’s rescue creditors, as part of an effort to cut government spending and regulatory control of the private sector. (Keystone/AP Photo/Thanassis Stavrakis)