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    • Asian shares rise on US fiscal hopes

      Asian shares rose on Monday, supported by hopes US politicians can overcome an imminent fiscal crunch while the yen fell to a near seven-month low against the dollar on expectations a new government chosen in next month's election could pump large amounts of stimulus cash into the economy.

    • US 'fiscal cliff' looms, yet investors not ready: Blackrock

      The prospect of a "fiscal cliff", a series of tax hikes and spending cuts that take effect early next year, could shave as much as USD 807 billion or 5 percent off US economic growth, yet financial markets do not appear to be bracing for such a big risk event, fund manager BlackRock said in a report on Friday.

    • Signs show US is approaching state of 'zombie economy'

      Uncertainty about US fiscal policy, Europe's sovereign crisis and slower global growth have turned the US economy into what feels like a slow-moving zombie.

    • See chances of many AAA nations being downgraded: Nomura

      Alastair Newton of Nomura International believes that there is a likly hood for a lot of the current AAA nations getting downgraded.

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