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China hits back at S&P’s ‘mistaken’ credit…

BEIJING: China on Friday lashed out at the decision by Standard & Poor's to downgrade the country's credit rating, calling the warning against ballooning debt "mistaken" and based on "cliches" about its economy. The agency slashed…

Italy’s Renzi resigns, hints at early election

ROME: Matteo Renzi bowed out as Italian prime minister with a combination of jokes, regrets and a strong hint that he wants to lead his party into an early election battle. Political consultations on forming a caretaker government were…

World Bank arm for poorest enters capital markets

WASHINGTON: The arm of the World Bank serving the poorest countries has received its first-ever public credit ratings, allowing it to borrow on international capital markets, the global lender announced Thursday.