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Credit rating agency says move prompted by economic recession and government austerity measures that have hurt demand.
Credit rating of Societe Generale and Credit Agricole cut by Moody's because of their exposure to Greek debt.
Precious metal surpasses $1,600 an ounce as investors worry about potential US debt default and European debts.
How credible are stress tests and what impact will they have on the Eurozone's economy?
Failing entities advised to move to strengthen their financial cushions, as eurozone fights growing debt crisis.
The lower house gives final approval for $67bn in financial measures to reduce debt over the next three years.
Italian politicians in agreement over $99bn cuts ahead of vote, while European banks brace for stress test results.
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
 
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