Company news

Published February 9, 2008

KARACHI, Feb 8: Pakistan Gems and Jewellery Development Company is participating in the Tucson International Gem Show that started from February 6 and would continue to February 11 at Arizona. Every year 20 to 25 Pakistani gems and jewellery exhibitors participate in this show. — PPI

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PARIS, Feb 8: Fitch Ratings on Friday downgraded the European aerospace giant EADS, the parent group of planemaker Airbus, due to “pressure” on its earnings margins and cash flow generation.

It downgraded EADS long-term debt rating to BBB+ from A-. The BBB rating is given to companies seen as having low credit risks.— AFP

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