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Gold falls for 2nd straight week; ends at 3-month low

Last Updated: Saturday, October 12, 2013, 09:50

For the week, gold was down 3.4 percent, its sixth weekly decline in seven weeks.

Optimism but no deal in US fiscal showdown

Last Updated: Saturday, October 12, 2013, 08:57

The White House and Republicans painstakingly edged towards a deal Friday to stave off a disastrous US debt default and to end a partial government shutdown now sure to hit the two-week mark.

US debt default? Asian policymakers ready $6 trillion forex safety net

Last Updated: Friday, October 11, 2013, 17:24

As the US struggles to avert a debt default, Asia's policymakers have trillions of reasons to believe they may be shielded from the latest financial storm brewing across the Pacific.

Asian stocks hit 3-wk highs on hopes of US debt deal

Last Updated: Friday, October 11, 2013, 09:11

Asian stocks jumped to three-week highs on Friday, propelled by gains on Wall Street as investors took a chance and cheered perceived progress to avert a possible U.S. default, even as questions remained over whether a deal could be struck.

South Korea holds key interest rate at 2.5%

Last Updated: Thursday, October 10, 2013, 12:06

South Korea`s central bank on Thursday kept its benchmark interest rate unchanged at 2.5 percent for the fifth straight month as a budget stand-off in Washington fuels concerns over a potential US debt default.

Spectre of US debt default looms at ASEAN summit

Last Updated: Thursday, October 10, 2013, 11:09

Mounting fears of an "unthinkable" US debt default emerged at an Asia summit Thursday as President Barack Obama`s top diplomat sought to reassure regional allies anxious to avoid fresh economic turmoil.

Japan shares, dollar rise on hopes of US fiscal breakthrough

Last Updated: Thursday, October 10, 2013, 09:24

Tokyo`s Nikkei share average advanced 0.8 percent, the highest point since the middle of last week.

US security concerns force CIA to call back some employees amid shutdown

Last Updated: Wednesday, October 09, 2013, 14:11

In view of the national security, CIA has reportedly asked some employees to return to work as their absence is posing a threat.

Republicans can`t demand ransom for doing their job: Barack Obama

Last Updated: Wednesday, October 09, 2013, 10:43

OAs the US government shutdown entered Day 9, with the added scourge of US default deadline of October 17 looming near, President Barack Obama reprimanded the Republicans for using ‘extortion’ tactics.

Global shares under pressure as US Hideyuki Sano

Last Updated: Wednesday, October 09, 2013, 09:01

Asian share prices sagged on Wednesday as the U.S. budget deadlock dragged on and further chipped away at investors' confidence that a deal will be reached before a mid-October deadline to avoid a debt default.

What default? Republicans downplay impact of US debt limit

Last Updated: Tuesday, October 08, 2013, 11:51

To many Republicans, however, the prospect of the world's lone superpower juggling its bills doesn't seem so bad.

Asian shares rise, still cautious on US shutdown

Last Updated: Tuesday, October 08, 2013, 11:23

Asian shares rose on Tuesday as data showed China's services industry continued to expand, soothing to some extent nerves jarred by fears of a US debt default as the US government shutdown entered a second week.