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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.

Obama to hold personal meeting with lawmakers on shutdown

Last Updated: Thursday, October 10, 2013, 14:04

The White House had invited the full Republican caucus to participate in a meeting with the president, but the Speaker opted to send a smaller delegation.

Asian shares, dollar, oil dip as US shutdown drags on

Last Updated: Monday, October 07, 2013, 08:58

Asian shares, oil prices and the dollar came under pressure on Monday as politicians in Washington showed no signs of making progress to resolve the U.S. budget standoff, while safe-haven gold inched higher.

Global stocks fall for week as shutdown continues

Last Updated: Saturday, October 05, 2013, 10:15

Major stock markets rose on Friday but posted a second week of losses while the dollar hovered near an eight-month low on fears the budget standoff in Washington will drag on until politicians reach a deal to raise the US debt ceiling.