Business Bites: Cost of borrowing rises again in Spain

The interest rate on Spanish borrowing on international markets has risen again, renewing fears its economy may have to be bailed out.

The yield on 10-year bonds is now 6.1% compared to Germany's 1.73%

Spain is suffering a continuing downturn and traders remain worried about the state of its banks and its ability to meet debt reduction targets.

Meanwhile, the World Bank is getting ready to announce its next president.

The BBC's Tanya Beckett discusses the key financial stories of the day.

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