Trump vowed to hold the line, telling reporters during a visit to Iraq that he'll do "whatever it takes" to get money for border security. He declined to say how much he would accept in a deal to end the shutdown, stressing the need for border security.
The slowdown in funding and stiff competition from foreign players forced many startups to either shut shop or curtail their operations. Companies such as Flipkart, Paytm, Pepperfry posted huge losses in FY16, indicating a mad rush amongst online majors to achieve volume-based growth.
CCL Products India reported weak set of second quarter numbers with a plant shutdown for maintenance work having an impact.
On-demand laundry services startup DoorMint has called it a day. The Mumbai-based startup has succumbed to the financial pressures of processing clothes.
There were a net 204,000 new jobs created for the month, though the unemployment rate rose to 7.3 percent and households reported a huge drop in employment, the Bureau of Labor Statistics said.
James Glassman of JPMorgan Chase Bank, in an interview to CNBC-TV18, presents his outlook on the impact of the better-than-expected US jobs data.
While many analysts really don`t see much that could derail the market`s bull run between now and the end of the year there are some warning signs that investors seem to be ignoring.
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.
According to the BofA Merrill Lynch fund manager survey for October, investors are concerned that global economic recovery could falter, while emerging market confidence have started to rebuild.
The day before, Obama signed a compromise deal passed by the House and Senate after weeks of bickering. It extended the debt ceiling until until Feb. 7 and reopened the government by approving funding only until Jan. 15, lifting what he described as the "twin threats to our economy" for now.
Despite the US shutdown and the tussle between lawmakers equity benchmarks in the US, and those in the top three European markets â€”Germany, UK and Franceâ€”are up 1.5-3.0 percent so far this month.
Adrian Mowat of JPMorgan says stability in currency and good monsoon will be a positive for India. The corporate sector too has come out with decent set of numbers so far despite it being a fairly choppy period.
Major US stock indexes rose more than 1 percent on optimism that lawmakers were finally reaching a deal to end the weeks-long fiscal impasse.
CEO Howard Schultz said he was acting because of a "sad and striking realization that the American people have no platform with which to voice their frustration and outrage" over the shutdown.
given the extremely low chances of a default and the fact that a default would likely turn out to be "less apocalyptic than many assume," Capital Economics said other risks to the global economy required greater scrutiny.
Sean Hyman, editor of the Ultimate Wealth Report, a financial newsletter, says the reason for the bullish call is partly based on a view that under Janet Yellen the Federal Reserve is likely to maintain its hefty monetary stimulus, fueling inflation and boosting demand for gold as an inflation hedge.
The IMF revised down its 2013 and 2014 global growth forecasts to 2.9 percent and 3.6 percent, 0.3 and 0.2 percentage points lower than its previous forecasts respectively. The IMF cited concerns over slowing growth in the emerging world for the revision.
Speaking to CNBC-TV18, Ramin Nakisa, Senior Global Asset Allocation Strategist, UBS Investment Bank says the worst case scenario would be if the US defaults.
Japan is the world`s third-largest economy and is home to one of the one of the world`s biggest government bond markets.
The decision means Obama will no longer depart on Saturday for what had originally been a four-nation, week-long Asia trip. He had canceled visits to Malaysia and the Philippines earlier this week because of his budget struggle with Republicans in Congress.
The budget impasse in Washington shut all but essential US government services for the second straight day on Wednesday, while neither political party appeared willing to budge.
Congressional Republicans and the White House are in a stalemate over government funding forcing the first government shutdown in 17 years and interrupting, among other government functions, the regular flow of official data on the economy.
Patterson, the former chief of staff to the Secretary to the Treasury Jacob Lew, said a brief closure would likely have a minor impact on the world`s largest economy`s gross domestic product, but a longer closure would present a different level of issues.
With both Democrats and Republicans sticking to their stands on a new budget pushing the shutdown into the second day today, President Barack Obama has blamed a "reckless" opposition for the latest financial crisis that has forced up to one million workers off the job.
Markets have become cautious, but they are not really going to respond negatively to get close to the debt ceiling debate, says Bruce Kasman, Chief Economist and Managing Director of Global Research, JPMorgan.