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Business

Fitch cuts Russia outlook to stable

MOSCOW: Fitch Ratings lowered Russia’s sovereign credit outlook to stable from positive because of intensified political risks during the country’s election cycle, weak growth and rising dependency on high oil prices.

Business

Danish economy not in a recession, data shows

COPENHAGEN, Denmark (AP) - New data shows that Denmark is no longer in a recession and technically wasn't in a recession in previous quarters either.

Business

Mubarak's son promises more Egypt economic reform

CAIRO (AP) - The son of Egypt's president, Gamal Mubarak, said Sunday he will press ahead with bold new economic reforms that will be more ambitious and more daring than those that have come before, while still vowing to protect the nation's poor from any fallout.

Business

A balanced, prudent budget likely

WE believe the budget is likely to be balanced and, for a pre-election/handover budget, prudent, says Joseph Tan, Standard Chartered's economist.