After revising the sovereign outlook for India from stable to negative, Standard & Poor's Director for Sovereign and International Public Finance ratings Takahira Ogawa says the fiscal position holds the key to future course of action.
The Russian Foreign Ministry said the upcoming moratorium does not stipulate permanent withdrawal from the CFE Treaty, adding that Russia will resume its obligations as soon as NATO countries ratify the adapted version.
Russia joined Sweden, Turkey and Portugal as the last four qualifiers for next year's European championship on Wednesday after England's hopes were shattered in a 3-2 defeat by Croatia at Wembley Stadium.
Nine teams are in contention to fill up the remaining four slots in the 2008 Euro qualifying tournament.
The Russian received a warning from the umpire for not trying hard enough during his loss to Croatian qualifier Marin Cilic at the St Petersburg Open.
Russian authorities claimed to have solved the sensational killing of known Kremlin critic journalist Anna Politkovskaya, who was assassinated in the elevator of her apartment in October 2006.
Top seed Rafael Nadal showed his trademark tenacity to beat Latvia's Ernests Gulbis 7-5, 3-6, 6-3 in the second round of Madrid Masters.
Ethiopian Kenenisa Bekele sprinted to victory in the 5,000 meters on Saturday to become the first man to complete the Olympic long-distance double since 1980.
"Less than 10 per cent of all publicly announced job cuts at European banks since 2002 are due to offshoring. Internal restructuring accounts for the lion's share," according to a latest research report by German banking giant Deutsche Bank.
World champions Italy and Euro 2008 winners Spain took determined steps towards World Cup qualification with victories on Saturday but France and Portugal are struggling after being held to disappointing draws. Nobody was in a position to join already-qualified Netherlands in securing a place at the finals in South Africa next year but Spain can make a provisional booking after seven wins out of seven following a 5-0 home thrashing of Belgium.
Arsenal will face Twente Enschede after the teams were paired in the Champions League third qualifying round draw.
In the last two rounds of the Nielsen Global Online Consumer Survey, both India and the world witnessed dips in confidence. Now in the face of the ever-worsening economic environment, marked by rising inflation and interest rates, the subprime and credit crises, and fickle stock markets, shoulders have begun to droop in India and abroad.
India is the world's leading offshore services location according to the Global Services Location Index, the latest annual survey by global management consulting firm A.T. Kearney.
Real Zaragoza gained the upper hand in their King's Cup quarter-final against Barcelona when defender Carlos Diogo headed in 12 minutes from time to earn his side a 1-0 win in the first leg at the Nou Camp on Wednesday.
Prosecutors have confirmed that 42-year-old Viktors Dembovskis, who was arrested earlier this month and is in custody in Preile in Latvia, would be handed over to the UK police, they said.
The wisdom of capping FII access to local debt, restriction on ECBs, etcetera is now apparent.
The current Euro-Atlantic Monetary Fund must become an International Monetary Fund.
Sri Lanka on Friday announced withdrawal of its nominee Jayantha Dhanapala from the race for the post of next United Nations Secretary-General following his consistent bad performance in the last three straw polls.
S. Santhosh Singh became the first Indian pugilist to win a silver medal at the men's under-19 World Boxing Championships.
This is the second time in Oscar history that a film shot in India has become number one film worldwide; the previous record setter was Gandhi released in 1982. But Slumdog is selling far more tickets than Gandhi.
Nigeria striker Obafemi Martins left Inter Milan for Newcastle United for a fee of 15 million euros.
The Netherlands, Poland, Croatia and Spain also booked trips to the finals in Austria and Switzerland in the penultimate round of qualifiers.
However, the women's team stayed in contention after a 2-1 victory over Romania at the Chess Olympiad.
In the US, recession started in December 2007, and will last at least until December 2009 - the longest and deepest US recession since World War II, with the cumulative fall in GDP possibly exceeding 5 per cent. The recession in other advanced economies (the euro zone, United Kingdom, European Union, Canada, Japan, Australia, and New Zealand) started in the second quarter of 2008, before the financial turmoil in September and October further aggravated the credit crunch.
Most Indian IT firms, including TCS, Wipro, Infosys, Mindtree, Infotech and Sasken, which started their operations in the region with a small base, have expanded their base fast.
Injury-hit England host Israel knowing anything less than three points would leave them precariously off the pace in Group E.
Venus and Serena Williams served their way into the U.S. Open quarter-finals with impressive straight-sets victories Sunday, setting up a possible clash between the American sisters in the final four.
The India ace's best jump was 6.34 metres, way below the cut-off mark of 6.55m, in the women's long jump at the World Indoor Athletics Championships.
The Dutch captain, 34, has won a Dutch record of 112 caps and had said he would retire after the tournament.
Germany coach Rudi Voeller found out on Thursday that his captain was one quarter Latvian.
She along with Liezel Huber registered a straight-set victory in the women's doubles first round in France.
The captain of the Czech national team and 2003 European Footballer of the Year topped a poll of local sports journalists.
The Indian ace faces her Bangalore Open conqueror, Yaroslava Shvedova of Russia, in the first round of the grass court championships.
Factbox on the Brazilian, who was named European Footballer of the Year.
The World champions stayed ahead of France at the top of the world soccer rankings published on Wednesday.
Former world number one Martina Hingis was knocked out by Jelena Jankovic at the Sydney International.
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