US debt deal

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.

Oct 19, 2013, 08:49 AM IST

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.

Oct 18, 2013, 13:41 PM IST

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.

Oct 17, 2013, 18:41 PM IST

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.

Oct 17, 2013, 15:23 PM IST

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.

Oct 17, 2013, 15:07 PM IST

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.

Oct 17, 2013, 13:35 PM IST

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.

Oct 15, 2013, 18:01 PM IST

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.

Oct 11, 2013, 09:11 AM IST

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.

Oct 10, 2013, 22:24 PM IST

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.

Nov 07, 2011, 11:46 AM IST

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.

Nov 07, 2011, 11:46 AM IST

Apple to US government: Change mindset of defeat

Cash-rich Apple can offer many tips to the debt-ridden US government in financial management, says the Wall Street Journal, not the least being overcoming the "psychology of defeat".

Aug 04, 2011, 14:16 PM IST

US debt deal to have positive impact on Indian IT cos: Wipro

The US debt deal is likely to have a positive impact on Indian IT companies in the long run, a top Wipro official said Wednesday.

Aug 03, 2011, 22:50 PM IST

Asia stocks slide as economy fears rattle markets

Asian stocks fell for a second successive day on Wednesday and safe haven assets such as gold and the Swiss franc shone as renewed fears about the health of the global economy rattled financial markets.

Aug 03, 2011, 09:35 AM IST

US consumer spending down for first time in 2 years

US consumer spending dropped in June for the first time in nearly two years and incomes barely rose, signs the economy lacked momentum as the second quarter drew to a close.

Aug 03, 2011, 09:15 AM IST

Moody's, Fitch maintain US triple-A rating

The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.

Aug 03, 2011, 08:44 AM IST

House passes debt bill, wards off default risk

A last-gasp deal to raise the borrowing limit cleared its biggest hurdle in Congress on Monday, warding off the risk of a debt default after weeks of partisan feuding that damaged America's image abroad.

Aug 02, 2011, 08:46 AM IST

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.

Aug 02, 2011, 00:34 AM IST

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.

Aug 02, 2011, 00:34 AM IST

Crude oil surges in Asia as US reach debt deal

Crude oil markets rallied in Asian trade Monday amid relief at the announcement of an elusive US debt deal, analysts said.

Aug 01, 2011, 10:58 AM IST