US House passes debt ceiling limit hike

The US House of Representatives has narrowly approved a bill extending the federal borrowing limit without any string, which the White House described as a positive step in moving away from the political brinkmanship.

US debt ceiling looms, but battle may not be as bitter

The world`s largest economy once more faces the threat of default unless the US Congress raises the debt ceiling, but feuding between Barack Obama and foes may not push the nation to the brink this time.

Obama says not to negotiate over debt ceiling

US President Barack Obama Friday said that he would not negotiate with his Republican rivals over raising the federal government's debt ceiling and the fiscal brinksmanship should not be repeated.

Asian shares struggle, euro dips ahead of ECB

The euro continued to languish on rising expectations that the European Central Bank will cut rates further, with a few expecting the ECB to take action as early as its Thursday meeting.

Gold price today: Latest updates

Gold prices tumbled by Rs 405 to Rs 29,753 per ten grams in futures trade Thursday after moving in range of Rs 29,675-Rs 30,200.

Gold price today: Latest updates

Gold prices extended their early gains by Rs 184 to Rs 30,330 per ten grams in futures trade Wednesday.

Gold price today: Latest updates

Gold prices edged higher by Rs 32 to Rs 30,594 per ten grams in futures trade Friday.

Shutdown cost 120,000 US jobs: White House

The recent government shutdown and debt default crisis hit the US economy so badly that it cost the country 120,000 jobs and wiped out 0.25 percent of economic growth for the fourth quarter, the White House said.

Gold price today: Latest updates

Gold prices gained by Rs 59 to Rs 30,180 per ten grams in futures trade Wednesday.

Gold price today: Latest updates

Gold prices reclaimed Rs 30,000 level by rising Rs 264 to Rs 30,020 per ten grams in futures trade Tuesday.

Gold price today: Latest updates

Gold prices commenced the week at positive note by gaining Rs 257 to Rs 29,737 per ten grams in futures trade Monday.

Gold price today: Latest updates

Gold prices extended their yesterday's rally Rs 233 to Rs 29,771 per ten grams in futures trade Friday.

Oil edges higher on upbeat Chinese growth data

Oil prices rose in Asian trade today on upbeat economic growth data from China, but concerns over the stop-gap deal to avert a disastrous US debt default capped gains, analysts said.

Shutdown encouraged US foes, depressed friends: Obama

US President Barack Obama warned Thursday that America`s political dysfunction had encouraged its enemies and depressed its friends, and said the crisis had left "no winners" in Washington.

US debt deal may encourage Asia’s dollar craving

Although the region’s central banks have stitched up an array of currency swaps, they remain small, and would be next to useless if all participants became desperate for dollars at once.

Gold price today: Latest updates

Gold prices regained Rs 29,500 level by zooming Rs 631 to Rs 29,579 per ten grams in futures trade Thursday.

Gold price above $1280 as US strikes deal to end budget impasse

Gold was little changed on Thursday after US lawmakers passed a temporary spending bill to avert a historical debt default and end a two-week long government shutdown, dimming the metal's safe-haven appeal.

IMF calls for raising debt ceiling in more durable manner

The International Monetary Fund (IMF) has asked the US Congress to raise the debt ceiling in a more durable manner, as it welcomed the decision to pass a legislation which prevents the government default till early February next year.

Gold holds up as U.S. strikes deal to end budget impasse

Gold was little changed on Thursday after U.S. lawmakers passed a temporary spending bill to avert a historical debt default and end a two-week long government shutdown, dimming the metal`s safe-haven appeal.

Oil down as investors take profits after US deal

Oil prices eased in Asian trade Thursday as investors booked profits from a rally inspired by an 11th-hour deal in the United States to raise the country`s debt ceiling.