Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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Nikkei falls sharply as Italy election spooks investors
TOKYO (Reuters) - Japan's Nikkei share average fell sharply at the open on Tuesday, retreating from a 53-month high as the yen strengthened on uncertainty following the Italian elections, with shares of some big exporters to Europe tumbling.
On Monday, the Nikkei had risen 2.4 percent to 11,662.52, its highest level since late September 2008.
(Reporting by Ayai Tomisawa; Editing by John Mair)
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