US debt default

Asia shares hit 5-month high on US relief, China data

MSCI`s broadest index of Asia-Pacific shares outside Japan advanced 0.5 percent to a five-month high, adding to a 0.6 percent rise in the previous session.

Oct 18, 2013, 08:44 AM 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 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

Asian shares mostly up as US narrowly avoids default

Investors breathed a sigh of relief as Republican and Democratic senators found a compromise budget after weeks of bitter rows on Capitol Hill that called into question Washington`s credibility with its creditors, including China and Japan.

Oct 17, 2013, 12:40 PM IST

US government employees ordered back to work on Thursday

The White House moved quickly early on Thursday to get the U.S. government back up and running after a 16-day shutdown, directing hundreds of thousands of workers to return to work.

Oct 17, 2013, 11:35 AM IST

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.

Oct 17, 2013, 09:29 AM IST

Asian shares up as Washington narrowly avoids default

Asian shares rose Thursday after US lawmakers passed a last-minute bill to reopen the government and raise the country`s borrowing limit, avoiding a devastating default that threatened to spark another global recession.

Oct 17, 2013, 09:11 AM IST

Tokyo stocks up 1.17% by break on US budget deal

Tokyo stocks rose 1.17 percent Thursday morning as investors cheered a last-minute deal to reopen the US government and avoid a catastrophic debt default.

Oct 17, 2013, 09:02 AM IST

US budget deal: another kick down the road?

US Senate leaders announced a deal Wednesday to resolve the budget and debt ceiling impasse that threatened to force the country to default on its obligations.

Oct 16, 2013, 23:29 PM IST

US Senate leaders agree to raise debt ceiling, end shutdown

The US Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government’s borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.

Oct 16, 2013, 22:32 PM IST

US shutdown ends as Senate Democrats, Republicans strike deal

According to reports, US Senate leaders on Wednesday agreed to raise the debt limit from the existing USD 16.7 trillion cap and reopen federal agencies that have been closed for two weeks.

Oct 16, 2013, 22:09 PM IST

US lawmakers close to deal on debt ceiling, reopening government

The US Senate appeared ready to announce a last-minute deal on Wednesday to avert a historic lapse in the government`s borrowing ability and a potentially damaging debt default.

Oct 16, 2013, 21:34 PM IST

US debt ceiling day October 17: What happens?

The US Treasury says that starting Thursday it will not have enough cash to pay its bills unless Congress increases the USD 16.7 trillion cap on its power to borrow more money.

Oct 16, 2013, 20:53 PM IST

Senate in spotlight as US on brink of possible default

US lawmakers embarked on another day of high-stakes political brinkmanship Wednesday, battling to scrape together an eleventh hour deal to protect Washington`s battered financial standing.

Oct 16, 2013, 19:43 PM IST

US shutdown blues: From end of earth to outer space

The US government shutdown, now in its 16th day, has forced hundreds of thousands of federal workers to stay home and restricted many government services.

Oct 16, 2013, 18:30 PM IST

Barack Obama plans immigration push after fiscal crisis ends

President Barack Obama said on Tuesday that stalled immigration reform would be a top priority once the fiscal crisis has been resolved.

Oct 16, 2013, 18:28 PM IST

US debt default imminent as frantic political attempts fail

Frantic attempts to persuade House Republicans to lift the federal debt limit collapsed Tuesday night, leaving Washington careering toward a critical deadline of October 17 to raise the country's debt ceiling.

Oct 16, 2013, 18:00 PM IST

US lawmakers begin last-ditch effort on debt ceiling

The US Senate prepared for a last ditch effort Wednesday to avoid a historic lapse in the government`s borrowing authority, a breach that President Barack Obama has said could lead to default and deliver a damaging blow to the global economy.

Oct 16, 2013, 12:13 PM IST

Asian stocks hunker down as U.S. debt deadline looms

Asian stocks marked time on Wednesday with nervous investors praying that frantic talks in Washington to avert a U.S. debt default could lead to a deal before the Oct 17 deadline, after which the government would run out of ways to borrow.

Oct 16, 2013, 12:09 PM IST

Fitch puts US triple-A credit rating under negative watch

Fitch said that delays of lifting the debt ceiling would cause volatility and damage US creditworthiness.

Oct 16, 2013, 09:19 AM IST