New York: Ratings agency Standard and Poor has been on a downgrading spree. After downgrading the US Bonds (which ended up boosting the US Dollar), S&P has since downgraded Greece, Italy, Spain, Ireland and India. All these countries hope to see a similar turn in the fortunes of their currency … [Read more...]
Wimbledon: Chasing a drop shot in the second set, Rafael Nadal stumbled and tumbled into the net as his racket went flying to the sideline. Nadal was overpowered in the second round Thursday by Lukas Rosol, a Czech ranked No. 100, 6-7 (9), 6-4, 6-4, 2-6, 6-4. The upset on tennis' biggest stage was … [Read more...]
Weighed down by debt, and reeling from the latest downgrading of their country's credit status, Portugal's finance ministry has secured the co-operation of football's highest-paid player in an audacious bid to draw the nation back from the brink of economic collapse. In a move which some observers … [Read more...]
