Current Affairs International - 16 October 2015

1. Global Credit Rating Agency Fitch Ratings has cut Brazil's credit rating to the brink of junk and warned that Brazil could soon lose its investment grade rating due to deteriorating of government finances. Fitch cut Brazil's rating to BBB-minus from BBB which is just one notch higher of Junk status.

2. Global tech giant Dell Inc has announced its acquisition of VMWare Inc, subsidiary of EMC Corporation, this week for around USD 67 billion which makes it-s the biggest tech deal in the history. VMware Inc is a US company that provides cloud and virtualization software and services.