Fitch axes credit ratings of five euro nations

New York – Fitch Ratings on Friday downgraded the sovereign credit ratings of five euro nations; namely: Italy, Spain, Slovenia, Belgium and Cyprus. It contended that they lacked financing flexibility in the More...

Germany will not commit to bailout promises it cannot keep: Merkel

Davos – Delivering the opening address at annual World Economic Forum in the Swiss resort of Davos, German Chancellor Angela Merkel said that if Germany commits to paying for a huge expansion of the eurozone’s More...

Pak PM strives to thraw relations with country’s military

Islamabad (Pakistan) – Country’s Prime Minister Yusuf Raza Gilani on Wednesday strived to thaw relations with the military by diluting his criticism earlier this month that it had acted unconstitutionally More...