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Global stocks gain, dollar falls as Fed seen staying course

Global stock markets climbed to a five-year high on Friday as investors bet the Federal Reserve would extend its stimulus policy well into 2014, but uncertainty over when US interest rates will rise caused the dollar to sink to an eight-month low.

Sensex hits 3-year high; zooms over 467 points

The NSE 50-share index Nifty also moved up by 143.50 points or 2.37 percent to 6,189.35.

Rupee gains most in two weeks, up 60 paise at 61.23 Vs dollar

The rupee had its biggest gain in two weeks, rising 60 paise to 61.23 against the dollar Thursday, after US lawmakers reached a deal to end the government shutdown and temporarily avoid a debt default.

Gold price reclaims Rs 29,000 level in futures trade; zooms by Rs 446

Gold prices reclaimed Rs 29,000 level by rising Rs 446 to Rs 29,394 per ten grams in futures trade Thursday.

Gold price vaults above $1,300 as dollar drops after debt deal

Spot gold surged quickly to a one-week high just shy of USD 1,320 per ounce up more than 2.5 percent on the day.

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 hits 3-month low in expectation of US debt deal

Spot gold was down 1 percent at USD 1,260.60, having earlier hit its lowest since July 10 at USD 1,251.66.

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

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.

Global stocks and bond yields up on hopes of US debt deal

Global stock markets and US Treasuries yields surged on Thursday on the first signs of progress towards ending the budget and debt limit deadlock that could cause a historic debt default by the United States.

State capitalism: The secret to China’s boom

Many observers would say that China’s embrace of capitalism since 1978, and especially since joining the World Trade Organization in 2001, has been responsible for its boom.

Deal or no deal, debt drama is not going away

Millions of people, including stressed-out policymakers on both sides of the Atlantic, wish to put these issues behind them. Unfortunately, despite many announcements, they are unable to do so decisively, and for good reason.