The Fitch financial services company is again downgrading the credit rating of Greece, saying that the debt-ridden country is "highly likely" to default on its financial obligations even after securing a new bailout from its European neighbors.
Fitch said Wednesday it has cut Greece two notches (from CCC to C), pushing the credit standing for the Athens government deeper into junk status. The ratings company took the action after Greece earlier
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Five men are running for president in Russia’s March 4 elections, Prime Minister Vladimir Putin and three other candidates who first ran in prior decades. Then there is Mikhail Prokhorov, who launched his candidacy only two months ago.
Standing just more than two meters-tall, Prokhorov, Russia’s third richest man, feels most at home on a basketball court.
A lifelong player who now owns the New Jersey Nets, a professional American NBA team, he's
...China's vice president is in Turkey for talks about the ongoing fighting in Syria and efforts to expand trade.
Chinese Vice President Xi Jinping praised Turkey's growing regional importance, in an interview with a Turkish newspaper. He also paid tribute to Ankara's efforts to resolve Middle East conflicts, including unrest in Syria and Iran's controversial nuclear program.
Observers say the fact Vice President Xi, who is widely touted as
...Russia says it will not attend an upcoming international meeting to discuss the ongoing violence in Syria. A Kremlin spokesman says it is because the Syrian government will not be in attendance.
Instead, Moscow is urging the United Nations to send a special envoy to Syria to help coordinate security issues and the delivery of humanitarian assistance.
Backed by Western powers and the Arab league, a coalition known as the "Friends of Syria" say they
...Foreign ministers from countries opposed to Syrian President Bashar al-Assad plan to gather in Tunisia Friday to help organize greater international support for the uprising against him. This will be the first meeting of a group known as the "Friends of Syria."
With the city of Homs under shelling for a third week, international pressure has failed to stop the Syrian military assault on the opposition.
Foreign ministers meeting in Mexico this week
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