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China bluntly criticised the United States on Saturday one day after the superpower s credit rating was downgraded, saying the  good old days  of borrowing were over.         HT Image    Standard  Poor s cut the US long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation s budget deficits and climbing debt burden.    China -- the United States  biggest creditor -- said Washington only had itself to blame for its plight and call stanley cup ed for a new stable global reserve currency.   The US government has to come to terms with the pain stanley cup ful fact that the good old  stanley cup days when it could just borrow its way out of messes of its own making are finally gone,  China s official Xinhua news agency said in a commentary.  After a week which saw $2.5 trillion wiped off global markets, the move deepened investors  concerns of an impending recession in the United States and over the euro zone crisis.  Finance ministers and central bankers of the Group of Seven major industrialised nations will confer by telephone later on Saturday or on Sunday, a senior European diplomatic source said.  The source said the credit rating downgrade had added a global dimension on top of the euro zone debt issue, raising the need for international coordination.   The G7 will confer by telephone. It s not yet confirmed whether it will be in one stage or in two stages, tonight and tomorrow,  the source said.  French Finance Minister Francois Baroin, who would chair such a m Uhvs UN advisory group on climate change submits report
Pakistan has denied New Delhi s accusations of Islamabad s hands in the recent blasts in Hyderabad and cautioned India against finger-pointing without investigating the terror attacks.        HT Image     These are terrorist attacks and we condemn them. We are ourselves victim of terrorism and remain committed to fight terrorism.  adidas originals It is always better to investigate rather than to speculate,  the media reported on Tuesday, quoting Foreign Office spokesperson Tasnim Aslam as saying here.   Commenting on the fate of anti-terror mechanism between Pakistan and India, which was to be discussed every three months, Aslam said no schedule for the bilateral meeting had been finalised yet.  Once Pakistan s new Additional Secretary is in place, then perhaps he or his Indian counterpart can get in touch and mutually deci nike dunk de the meeting dates,  she s jordan aid. Reacting to the Commerce Minister Kamal Nath s statement that New Delhi was awaiting Pakistan s response on the proposals made on trade across the Line of Control, Aslam said the talks between the two sides on Kashmir were moving in the right direction.  I think there have been some discussions and we believe that we are moving in the right direction for opening up the LoC for trade for Kashmiris on both sides as well as the truck service,  she was quoted as saying. On the prospects of a resolution on the Siachen issue, the spokesperson said Pakistan wanted an early solution to the dispute but this clearly needed political will.  This is a l
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