Us Crisis

Commodities, except gold, will likely fall when markets open on Monday due to a US ratings downgrade and a worsening debt crisis in Europe but panic shall be avoided.

Global policymakers discuss debt crisis, market turmoil

Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession.

Global leaders to discuss debt crisis, market turmoil

Global policymakers were arranging emergency conference calls to discuss the debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession.

AA+ not bad for US, won't impact markets much: Keki Mistry

Standard & Poor's cut US rating to AA+ from triple-A, sending jitters across global markets. But this rating, according to Keki Mistry, isn't bad. He doesn't see a dramatic reaction in markets. "I think emerging nations will drop maximum 5-10%," he sai.

China state paper says US debt downgrade a 'warning bell'

China's top newspaper on Sunday warned that Asian exporters could be among the biggest victims of mounting US economic woes after Standard and Poor's downgraded the United States' sovereign credit rating.

US Treasuries remain attractive: Japan govt official

A senior Japanese government official said on Sunday that US Treasury bonds remain an attractive investment target for Japan despite a downgrading of the US sovereign debt rating.

China tells US 'good old days' of borrowing are over

China bluntly criticised the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.

Industry fears US downgrade will hurt Indian exports

The US crisis, aggravated after the downgrading of its sovereign rating by S&P, could severely affect India on account of a dent in country's exports to the world's largest market, business chambers said today.

US troubled, but gold will continue to shine: Experts

The dominant theme of the week is the big meltdown across all asset classes as the global financial market came to terms with lower growth in all major economies. The Dow Jones crashed nearly 5% on Thursday, Asian stocks followed suit on Friday and crude and other commodities also lost.

US panel says financial crisis avoidable

The financial crisis could have been avoided and was the result of poor decision making both in Washington and at top financial firms that fostered a culture of excessive risk taking, according to a draft report written by Democrats on a panel that investigated the meltdown and obtained by Reuters.