NEW YORK (Reuters) – Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the ratings agency said the affected countries were vulnerable in the near-term to monetary and financial shocks. “Consequently, these sovereigns do not, in Fitch’s view, accrue the full benefits of the euro’s reserve currency status,” it said. …

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The 'August 2011 stock markets fall' was the sharp drop in stock prices in August 2011 in stock exchanges across the United States, Middle East, Europe and The economy of Spain is the world's fourteenth-largest by nominal GDP, and it is also one of the largest in the world by purchasing power parity. Euro-zone debt crisis: period of economic uncertainty in the euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in Goddesses, angels and a pope (Reuters) – Katy Perry came as an archangel, Rihanna dressed like the pope, and Kim Kardashian was a golden goddess for New York’s Met Gala on Monday Tags: goddesses, angels, pope, rock, An anonymous female employee, who still works at one of Abercrombie and 's flagship stores, has made detailed claims about the racist behavior of many Abercrombie & was forced to remove a T-shirt commenting on Taylor Swift's love life after angered fans of the singer launched a petition claiming it Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

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