Tax the rich? IMF sparks a mini revolution

Tucked inside a report on public debt, the new tack was mostly eclipsed by worries about the US budget crisis, but did not escape the notice of experts and nongovernmental organizations (NGOs).

Gold prices fall below Rs 29,000 level in futures trade

Gold prices dipped below Rs 29,000 level by falling Rs 432 to Rs 28,871 per ten grams in futures trade Thursday.

Oil rebounds on breakthrough hopes in US budget crisis

Oil prices rebounded in Asian trade Thursday on hopes of a possible breakthrough in the US budget crisis after the White House moved to convene meetings with leading members of Congress.

US may slip into recession if Congress doesn't act: Bernanke

Ben Bernanke has said if Congress doesn't reach agreement soon to avert a budget crisis, the US might slip into recession.