Us Debt Crisis

If the US Congress does not revise the debt ceiling and the time period lapses, the Treasury can manage the crisis and avoid default by using extraordinary measures.

Mkt may consolidate; investors wary of Q2 earnings: Choksey

Deven Choksey, MD, KR Choksey Shares and Securities, says Nifty could consolidate in the range of 5750-6050 and closer to this range, we could see buying emerging since most traders are looking at margin of safety and refraining from entering into the market at higher price,

US debt crisis threatens world economy: IMF

The International Monetary Fund has warned that the debt crisis unfolding in the United States could damage the entire global economy going forward.

Global cues to determine market direction, says Udayan

Udayan Mukherjee, managing editor of CNBC-TV18 says that intra-day trades have bode well for neither the largecaps, nor the midcaps today. While the Nifty still trades around 5200 level, watch out for news on the global front, he suggests.

HSBC India profit before tax soars 33% to $451m

Global banking major HSBC today reported a 33% jump in profit before tax from India operations in the first half ended June to USD 451 million on strong growth from lending to large and medium corporates, despite a flat loan-book growth.

US debt deal welcomed in Asia, downgrade still possible

An 11th-hour deal to resolve the US debt crisis may avert the superpower's first-ever default and restore some confidence in the dollar, but its second-biggest lender fretted on Monday that Washington had not done enough to avert a credit downgrade.

Obama says deal reached to end debt impasse

President Barack Obama on Sunday announced a last-minute deal to raise the US borrowing limit and avoid a catastrophic default and he urged lawmakers to "do the right thing" and approve the agreement.

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.

For Americas '99ers', jobs crisis is hard to escape

Mary Kay Coyne has just filed what she says is her 1,862nd job application since being thrown out of work three years ago.

Citi says Greek debt may be contagious

Greece's debt crisis may be contagious and poses one of the biggest risks to global financial markets alongside Middle East uprisings, Citigroup's Chief Risk Officer told Reuters.