Dec 03, 2013 at 08:50 | Source: CNBC
Reiterating Goldman's position that the Federal Reserve would begin to taper its massive asset-purchasing program in March 2014, Kostin said low interest rates in the years after the financial crisis of 2008 allowed companies to shore up debts.
Nov 13, 2013 at 10:51 | Source: CNBC
A political crisis in Washington last month took the world`s biggest economy to the brink of a debt default, unnerving global financial markets and sparking consternation from major economies such as China and Japan, the biggest foreign holders of US government bonds.
Oct 31, 2013 at 15:16 | Source: CNBC
Around the region, household debt levels are high, with household-debt-to-gross domestic product at 81 percent in Malaysia, at least 77 percent in Thailand, at 77 percent in Singapore and 75 percent in Korea.
Oct 25, 2013 at 16:43 | Source: CNBC
The political crisis in Washington that saw a 16-day partial US government shutdown damaged the perception of the US government`s redibility abroad, analysts say, prompting fears that China may reassess its investment in US Treasurys.
Oct 23, 2013 at 20:40 | Source: PTI
Jason Furman, chairman of the White House Council of Economic Advisers, said the shutdown and threat of default lowered sales, steel production and the number of mortgage applications filed.
Oct 18, 2013 at 09:16 | Source: CNBC
Dagong, one of China's top four ratings agencies, cut its rating on US sovereign debt to "A-" from "A" on Thursday, maintaining a negative outlook. It argued that the deal reached by Congress to end the partial government shutdown and raise the debt ceiling will only avert a crisis temporarily.
Oct 17, 2013 at 10:40 | Source: Reuters
Hedge fund manager David Tawil said that, after living through the collapse of Lehman Brothers, many on Wall Street are now well-versed in telling a real financial crisis from one that is more of the smoke and mirrors variety and much more easily fixed.
Oct 16, 2013 at 12:33 | Source: Reuters
Odd as that may seem against a backdrop of Washington toying with a sovereign debt default, some economists feel there may be few other credible options.
Oct 15, 2013 at 09:10 | Source: Reuters
Many analysts think the United States would at least try to keep making bond payments in an effort to keep investors from panicking.
Oct 14, 2013 at 13:51 | Source: Reuters
Brent futures fell 11 cents to USD 111.26 per barrel as of 0636 GMT. The benchmark has gained USD 3.32 in the two weeks since the US government partially shut down on October 1.