LONDON

Mario Monti

Fitch Continues Warnings of Italy Downgrade, Catching Up to Competition

Fitch Ratings analysts continued their saber-rattling over Italy on Thursday, making remarks observers fear signal a coming downgrade of that country's sovereign credit rating. The comments carry an element of the ratings agency playing catch-up to its two main competitors: New York-based Moody's Investor's Services and Standard & Poor's. Fitch currently holds a rating of A+ on Italian government debt, a notch above the ratings assigned by those competitors
A Spanish flag flutters near the dome of the Bank of Spain in central Madrid

Yields on Spanish, Italian Bonds Decline

Spain and Italy spread cheer through euro zone markets on Thursday with successful debt auctions at sharply lower borrowing costs in 2012's first real test of appetite for debt from the euro zone's bruised periphery.
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Indian Buyers Snap up Discounted Gold

Gold traders in India, the world's biggest buyer of bullion, stepped up buying for the upcoming wedding season, as gold prices stayed near the week's trough, giving silver a boost.
The Fitch Ratings building is seen in New York

Italy Faces Downgrade, France Likely Safe: Fitch

The head of global sovereign ratings for Fitch, one of the world's premier credit rating agencies, riled up the Italian government today by saying the country was the pivotal factor on which the European financial crisis hinges, and suggesting the country's credit rating could be further downgraded.
Jared Rydelek

Contortion Entwines Art and Science

The art of contortion creates nearly impossible feats with the human body where toes wiggle next to ears and backs become like bendy straws, but contortionists say that their extreme acts takes practice and some flexibility, not a freak physique.
Gold bars in Saudi Arabia

Gold to Reach $1,940 by Yearend - Goldman Sachs

Oil, gold and base metals are Goldman Sachs' top commodity picks this year, with big upside risk in oil due to tight fundamentals and a potential Iranian conflict, the investment bank said on Monday.
Kate Middleton

Kate Middleton Drops Guard and Cries at 'War Horse' Premiere [PHOTOS]

On the eve of her 30th birthday Kate Middleton dazzled on the red carpet of the War Horse premiere, wearing a full-length Alice Temperley evening gown, but when the lights went down at the screening, the Royal Duchess of Cambridge let her guard down and cried, according to the film's director, Steve Spielberg.
London Boat Show

London Boat Show diversifies into art and jewels

The grey-haired men stood admiring the line of luxury cars at London's ExCel centre while at a nearby stand a woman handed over money for a silver cigarette case -- not the usual things you would expect to buy at a boat show.
Angela Merkel

Merkel Tells Greece to Hasten Debt Deal

German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.

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