Mar 03, 2013 09:42 PM IST
President Barack Obama has reached out to Republican and Democratic lawmakers in search of a resolution to automatic across-the-board US government spending cuts, a White House official said on Sunday, but Republican congressional leaders offered little hope for a quick solution.
- Feb 23, 2013 11:00 AM IST
US investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large.
- Feb 18, 2013 12:32 PM IST
While many global economies may have averted a default here and a decline there, the crisis is far from over. Don‘t judge prematurely!
- Feb 07, 2013 08:21 AM IST
Jon Najarian's no wimp. He's taken his shots more than once during three decades playing the US stock and options markets and before that as a college football player. So he doesn't scare easily.
- Jan 23, 2013 09:44 AM IST
House Speaker John Boehner indicated Tuesday that Republicans will vote on an extension of the federal debt ceiling to allow Treasury to borrow money until mid-May. The move would reverse the order of a series of expected debt and spending fights in Washington, an effort designed to put the GOP on more sound political footing.
- Jan 22, 2013 08:57 PM IST
The six-day long World Economic Forum annual meet, which will see participation of over 100 Indian business and political honchos as well as global leaders, began here today and fiscal woes in the world economy are expected to dominate discussions.
- Jan 21, 2013 10:36 PM IST
Four years after scripting history by becoming America's first black President, Barack Obama today began his second innings at the White House after being ceremonially sworn in as the US President with budget troubles, gun control and immigration issues lurking ahead.
- Jan 21, 2013 11:25 AM IST
Four experts tell us that though the year may not give great returns, equities still remain the most preferred asset class to invest in.
- Jan 18, 2013 07:42 AM IST
Nations around the globe need to press forward with fiscal and reform promises, especially in the United States and Europe, to reduce the uncertainties shackling growth, the head of the IMF said on Thursday, warning that the global economy barely dodged a bullet last year.
- Jan 17, 2013 09:13 AM IST
Amid an increasingly acrimonious debate over the debt ceiling, it appears that how each party even explains the way the government spends money depends on what party they belong to and whether that party holds the White House or Congress.
- Jan 16, 2013 09:50 AM IST
As far as menacing metaphors go, there's almost no contest between the fiscal cliff and the debt ceiling. The cliff summons up images of plunging to our doom. The ceiling is just something that keeps the rain off our heads.
- Jan 16, 2013 07:18 AM IST
A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
- Jan 15, 2013 07:58 PM IST
Wall Street was set to open lower on Tuesday as investors fretted over the debate brewing in Washington over raising the US borrowing limit as well as what is expected to be a lackluster earnings season.
- Jan 12, 2013 04:31 PM IST
CRISIL Research has come out with its analytical note titled "Exports likely to recover in 2013-14" based on trade data for December 2012. According to the reserarch firm, global crude oil price in 2013-14 is expected to decline to $100 per barrel from $109.3 per barrel in April-December 2012.
- Jan 12, 2013 08:58 AM IST
After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.
- Jan 08, 2013 08:18 AM IST
Last week's "fiscal cliff" deal did little to ease fears among Americans that Washington could harm the US economy or their personal finances in the months to come, according to a Reuters/Ipsos poll released on Monday.
- Jan 07, 2013 04:14 PM IST
Oil eased to USD 111 a barrel on Monday as some investors booked profits after last week's gains, although optimism that the world's biggest economies are on a steady recovery path limited the decline.
- Jan 07, 2013 10:08 AM IST
Brent crude futures held above USD 111 per barrel on Monday, supported by signs that the world's biggest economies are on a steady recovery path, but inventory data showing weak fuel demand in the United States curbed gains.
- Jan 05, 2013 04:55 PM IST
The past fortnight was dominated by news on fiscal cliff in the US. As the year drew to a close, the US reached a deal at the eleventh hour to avert huge New Year tax hikes and spending cuts, known as fiscal cliff, which would have otherwise sent the US economy into recession.
- Jan 05, 2013 08:54 AM IST
Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.
- Jan 04, 2013 01:14 PM IST
It began so optimistically. On November 16, after their first "fiscal cliff" session with President Barack Obama, the four leaders of Congress had stood in the driveway of the White House shoulder-to-shoulder for what is a rare photo these days, Republicans and Democrats together, smiling.
- Jan 04, 2013 08:36 AM IST
In the US markets, stocks finished in negative territory after the latest Fed meeting minutes revealed disagreement on how long the central bank should buy bonds and as investors took a pause following the previous session's sharp 'cliff' deal rally.
- Jan 04, 2013 07:13 AM IST
After weeks of brinkmanship and fraught final hours of negotiations, US lawmakers have reached a deal that averts the fiscal cliff. It raises income tax for affluent Americans and postpones - for now - deep automatic cuts to spending.
- Jan 03, 2013 04:24 PM IST
Indian Equity markets closed flat after a sharp rally yesterday as euphoria over fiscal cliff deal cools off. The Sensex closed up 50.54 points or 0.26% at 19764.78, and the Nifty shut shop up 12.15 points or 0.20% at 6005.40.
- Jan 03, 2013 12:14 PM IST
A resolution to the US fiscal cliff crisis, messy and protracted as it was, provided an immediate boost for financial markets but longer term could spell trouble for some Asian assets that are coming off a stellar 2012.