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A man counts Japanese yen notes at a foreign exchange booth at a business district in Tokyo

Fitch cuts Japan rating as politics hinders debt plan
By Stanley White TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt. Fitch Ratings cut Japan's long-term foreign currency rating by two levels from AA to A plus, the fifth highest investment grade. It cut the more important local currency

Gold prices recover; silver slips down further

New Delhi: Silver on Tuesday extended losses for the second straight session by losing Rs 100 to Rs 54,200 per kg, due to sustained selling amid a weakening global trend. However, gold today bounced

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Vodafone cuts sales target on weak European markets

Vodafone cut a medium-term sales growth target on Tuesday as customers in southern Europe slashed spending and regulators upped the pressure on the world's largest mobile operator. The company took

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TEXT-Fitch Migrates Wartsila India to Non-Monitored Category
(The following was released by the rating agency) MUMBAI/SINGAPORE, May 22 (Fitch) Fitch Ratings has migrated India-based Wartsila India Limited's (WIL) National Long-Term rating of 'Fitch

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MFIs find relief in loan securitisation

Microfinance institutions (MFIs) have something to cheer about. Securitised microfinance loans are getting grades that are better than the ratings assigned to micro lenders selling these

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Mysoreans protest steep water rates
A steep hike in water rates without any transparency has shocked consumers in Mysore resulting in protests and demonstrations demanding a rollback.

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