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Euro zone teetering on brink of recession
 The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.
Fitch cuts Greece, near-term default 'highly likely'
 Fitch ratings agency on Wednesday slashed its rating for Greek sovereign debt to "C" from "CCC", indicating that default is “highly likely in the near term”.
UN watchdog says nuclear talks with Iran failed
 International Atomic Energy Agency said on Wednesday it had failed to secure an agreement with Iran during two days of talks over disputed atomic activities.
China factory activity shrinks for 4th month: HSBC PMI
 China's manufacturing sector contracted in February for the fourth straight month as new export orders dropped sharply in the face of the euro-area debt crisis, the HSBC flash purchasing managers index showed on Wednesday.
RBI to issue Rs 1,000 notes with inset letter 'R'
 The Reserve Bank will shortly issue banknotes of Rs 10 denomination with inset letter 'R' in the Mahatma Gandhi series.
S Tel hints at closure; Telenor seeks new partner
 Nearly three weeks after the Supreme Court quashed 122 telecom licenses, three of the most affected companies - S Tel, Telenor and Idea Cellular - on Tuesday separately announced plans that range from indications of shutting shop to seeking review of the apex court ruling.
SBI refuses to confirm reports on KFA bailout
 The State Bank of India (SBI) has refused to confirm reports that the bank has decided to extend a relief package to the crisis-hit Kingfisher Airlines.
Kingfisher resumes Kolkata operations
 Kingfisher Airlines resumed its Kolkata operations on Wednesday after the Directorate General of Civil Aviation (DGCA) asked them not to shut down their operations in the city on Tuesday. Four flights started from Kolkata to the northeast region.
Cong leaders to present Budget wish-list to FM
 Congress leaders are expected to present their wish-list for the Union Budget 2012-13 to Finance Minister Pranab Mukherjee, who will be holding consultations with them on Thursday.
Sensex ends 200 pts down; broader markets down by 2.5 pc
 The Nifty was moving a narrow range of 5580-5600 since morning trade due to lack of major news globally as well as locally. Even European markets were flat in an early trade.
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The euro and European shares edged lower on Wednesday after economic data suggested the euro zone may slide back into recession, hurting the global economic outlook, while concerns about the sustainability of the latest Greek bailout deal also weighed.
Indian ADRs ended mostly lower on Tuesday. In the IT space, Wipro was down 0.89% at USD 11.18, Patni was down 0.31% at USD 19.04 and Infosys was down 0.1% at USD 59.54.
Hungary's centre-right government has bowed down to European Union demands to finally bring its budget gap below the bloc's 3% of GDP ceiling next year, shelving plans to widen the deficit.