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    Asian markets drift lower ahead of EU summit

    Sun, 06/24/2012 - 23:30 EDT - Yahoo! Business News
    • YahooBizNews

    Asian stocks mostly drifted lower Monday as investors grew cautious ahead of a critical European Union summit later this week where Greek leaders will attempt to renegotiate some terms of the country's international bailout.

    • Original article
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    • Fitch upgrades Greece as country gets back on track financially

      ATHENS — Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country’s progress in cutting its budget deficit and the receding risk of its eurozone exit. After nearly crashing out of the euro last year and coming under attack for stalled reforms, Greece has won praise in recent months from its international lenders for getting back on track and pushing through unpopular austerity measures.

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