BRASILIA: Brazil was downgraded by Fitch Ratings, which kept a negative outlook on the nation’s debt, citing a deeper-than-anticipated recession and political instability. Fitch cut the rating by one level to “BB,” in line with ratings from S&P Global Ratings and Moody’s Investors Service. Fitch said the Brazilian economy would contract 3.8 percent this year and rebound by 0.5 percent next year. The government’s debt burden is expected to reach about 80 percent of GDP by next year, one of most indebted sovereigns in the “BB” category, Fitch said.
Pakistan eyes $25m annual buffalo genetics exports to China
ISLAMABAD: Pakistan has signed a Material Transfer Agreement (MTA) with China's Royal Group to export buffalo genetic material, opening a...
