Debt Default

Fitch has given a 'BBB-' rating to Power Finance Corporation, indicating a low risk of default on the debt

Gold perched above $1,300 on US stimulus bet

Gold posted its best weekly gain in two months last week after US lawmakers reached a last-minute deal that averted a debt default and reopened government agencies that were shut for 16 days.

Gold rises above $1,300/oz as dollar drops after debt deal

Spot gold stood at USD 1,309 per ounce by 0807 GMT, up 2.14 percent and having hit a high of USD 1,318.40.

El-Erian analyses what follows this Congressional deal

What emerged from Congress on Wednesday speaks to stop-gap measures born of exhaustion and political miscalculations, and prompted by national (and global) outrage.

Investors looking past govt shutdown, default: Richard Ross

Richard Ross, global technical analyst at Auerbach Grayson, says his specialty is prices and not politics. Right now the way prices are moving, it seems investors are willing to look past fears of government shutdown and debt default.

Brent below $101 on Greece, Goldman outlook cut

Brent crude futures slipped below USD 101 a barrel on Tuesday, squeezed by growing fears that a Greek debt default could spread across the banking system and threaten the global economy.

Slow growth period likely but not recession: Rabobank

Rabobank's Adrian Foster believes that we could get stuck in a slow growth period, but definitely not a recession.

Market cues to watch out for today!

Market sentiment was seen at sea over the past week. There were a quick wave in the Nifty and it retraced back to below the 5000 mark quite as fast. This week could turn out to be a game changer. Brace up, it is not going to be a smooth ride!

Europe crisis raises banks' risk by 300b euro: IMF

Europe's debt crisis has increased the risk exposure of banks in the region by 300 billion euros and they need to recapitalize to ensure they can weather potential losses, the International Monetary Fund said on Wednesday.

Greece saves Indian rupee temporarily, more on the anvil

Latha Venkatesh of CNBC-TV18 does a news wrap of the currency market, explaining the effect the Greece payback had on global money, especially the euro and rupee.

Greece pledges to shrink state, hopes for aid deal

Greece promised to shrink its bloated public sector on Tuesday ahead of a second conference call with the EU and the IMF, in a bid to convince them to pay out funds despite repeatedly missing the targets of its bailout deal.

Dollar may perk up to Rs 48.10 levels near-term: Experts

Pradeep Khanna, managing director and head of forex trading, HSBC India and Pramit Brahmbhatt, chief executive officer of Alpari India join CNBC-TV18 to analyse and debate the future of the rupee and the currency market going ahead.

Rupee posts worst daily fall in 15 months

The rupee posted its biggest single-day fall in more than 15 months on Monday as heightened fears over a likely Greek debt default triggered a flight to safe-haven dollar, while a slump in July's local industrial output data also weighed.

US House passes debt bill, likely to die in Senate

The House of Representatives has passed a Republican bill to end the bruising standoff over raising the US debt limit, but the measure was all but certain to die in the Democratic-led Senate.

Republican rebels force new delay in US debt crisis

Urgent efforts to avoid an unprecedented US debt default suffered a new blow on Thursday when some fiscally hardline Republicans blocked a budget deficit plan proposed by their own congressional leaders.

Stocks struggle as US deadlock remains; euro dips

Asian stocks struggled and the dollar wavered on Friday as US lawmakers squabbled over a compromise to avoid an unprecedented debt default, while growing worries about Europe's debt crisis weighed on the euro, adding to investor wariness.

Obama seeks 'Plan B' as US debt plans stall

A Republican plan to cut the US deficit faced delay and stiff opposition on Wednesday, piling anxiety onto investors and ordinary Americans hoping for a late compromise to avoid a crippling debt default.

Delay in debt plan vote stokes US uncertainty

The US Congress and world markets faced more uncertainty on Tuesday as Republican leaders delayed action on a plan to raise the government's USD 14.3 trillion borrowing limit, narrowing the chances for a deal to avert a debt default.

Debt-ceiling showdown: The legal battleground

President Barack Obama says he will not bypass Congress and cite an obscure part of the US Constitution to prevent a government debt default, but legal experts say it would prove difficult to challenge him in court should he change his mind.

In US debt row, hints of emerging-economy crises

Debt default. A ratings downgrade. Political deadlock. Such terms, once associated primarily with the developing world, now abound in the mighty United States.

US debt ceiling will be raised; QE3 possible: Finaport

Hans Goetti, CIO (Asia), Finaport tells CNBC-TV18 that there is no doubt that the debt ceiling will be raised. “Also, we are most likely to see some kind of quantitative easing by the US Fed,” he says.

Obama, Republicans clash in debt talks; dollar falls

US President Barack Obama clashed with Republican lawmakers on Wednesday in a fierce White House meeting on deficit reduction that left a deal in question as the clock ticked toward a debt default.

Obama, lawmakers fall short on US debt deal

US President Barack Obama and top US lawmakers fell short on Monday of finding enough spending cuts for a deal to avoid an August 2 debt default and Republicans came under fresh pressure to agree to tax hikes.

Lehman II can be avoided if Greece defaults

The ghost of Lehman Brothers stalks European financial markets as central bankers warn a Greek debt default could trigger even worse turmoil than the collapse of the US investment bank. But there are reasons to think the damage could be contained more easily.

Greek govt survives, battles on to avoid bankruptcy

Greece's government will approve a new austerity package on Wednesday after it survived a confidence vote that was a crucial hurdle in a battle to avert the euro zone's first sovereign debt default.