BREAKING NEWS

US debt

Business

Mission impossible: US default averted

The US Congress has pulled the world’s biggest economy back from the brink of an historic debt default which could have triggered a global economic

The US Congress has pulled the world’s biggest economy back from the brink of an historic debt default which could have triggered a global economic

News

US back in business but politicians remain divided

Despite an eleventh hour deal that saved the US from a debt default and sent federal staff back to work, Washington is not out of the woods yet after

Despite an eleventh hour deal that saved the US from a debt default and sent federal staff back to work, Washington is not out of the woods yet after

Business

US President Obama criticises political differences

US President Barack Obama has hit out at the political turmoil that dragged his country to the brink of defaulting on its debt. He told a press

US President Barack Obama has hit out at the political turmoil that dragged his country to the brink of defaulting on its debt. He told a press

Business

European shares down, Wall Street and Tokyo up on US debt deal

European markets fell slightly on Thursday – a stark contrast to Wall Street on Wednesday, where share indexes closed higher on news of the US debt

European markets fell slightly on Thursday – a stark contrast to Wall Street on Wednesday, where share indexes closed higher on news of the US debt

News

US Republicans in crunch talks over revised budget bill

As the world waits for signs that the US political deadlock will end, a weary US House of Representatives Speaker John Boehner held another press

As the world waits for signs that the US political deadlock will end, a weary US House of Representatives Speaker John Boehner held another press

News

US House Speaker says no decision yet on shutdown

The US House Speaker John Boehner stated on Tuesday that the US Senate is still debating plans on House of Representatives legislation to reopen the

The US House Speaker John Boehner stated on Tuesday that the US Senate is still debating plans on House of Representatives legislation to reopen the

Business

Debt and disaster worries overshadow US shutdown

Political wrangling has already hurt the US economy, with growth reduced by the failure to agree a budget earlier this year. That led to

Political wrangling has already hurt the US economy, with growth reduced by the failure to agree a budget earlier this year. That led to

News

Obama under pressure to avoid "fiscal cliff"

After the highs of victory, and a triumphant return to the White House,today it’s back to business for Barack Obama. And first on his to-do list

After the highs of victory, and a triumphant return to the White House,today it’s back to business for Barack Obama. And first on his to-do list

News

Obama adds weight to growth calls

Those in Europe wanting an end to austerity got a significant boost on Friday when US President Barack Obama backed growth. Obama, in an election

Those in Europe wanting an end to austerity got a significant boost on Friday when US President Barack Obama backed growth. Obama, in an election

News

US legislators fail to reach deficit deal

A US Congress ‘super-committee’ has failed to agree on how to cut 1.2 trillion dollars from the country’s budget deficit over the next decade The

A US Congress ‘super-committee’ has failed to agree on how to cut 1.2 trillion dollars from the country’s budget deficit over the next decade The

News

USA, EU play debt blame game

The rebound of the world’s markets as this week began is far from reassuring, experts warn. Across the Atlantic, the US and EU each say the other

The rebound of the world’s markets as this week began is far from reassuring, experts warn. Across the Atlantic, the US and EU each say the other

News

Europe crisis 'scaring the world' - Obama

US President Barack Obama says the debt crisis in Europe is “scaring the world”. He was speaking on Monday at a meeting in California. Obama also

US President Barack Obama says the debt crisis in Europe is “scaring the world”. He was speaking on Monday at a meeting in California. Obama also

Business

Obama deficit plan rejected by Republicans

President Barack Obama has unveiled plans to cut the massive US deficit by trillions – with at least half the savings coming from higher tax revenue

President Barack Obama has unveiled plans to cut the massive US deficit by trillions – with at least half the savings coming from higher tax revenue

Business

US second-quarter growth trimmed

More grim news about the state of the US economy as the latest government figures showed it grew much more slowly than previously thought between

More grim news about the state of the US economy as the latest government figures showed it grew much more slowly than previously thought between

Business

Standard & Poor's says don't blame us

The top official behind Standard & Poor’s downgrade of the United States triple A credit rating says his agency is not to blame for August’s stock

The top official behind Standard & Poor’s downgrade of the United States triple A credit rating says his agency is not to blame for August’s stock

Business

US downgrade, euro zone turmoil - where are we heading?

In this edition of Business Weekly, we talk to expert David Jones of IG Index about the credit rating downgrade from the United States by S&P and ask

In this edition of Business Weekly, we talk to expert David Jones of IG Index about the credit rating downgrade from the United States by S&P and ask

News

Markets rally after rollercoaster week

A strong finish to the week for the world’s financial markets after a wild ride during which share prices zipped up and down thanks to a potent mix

A strong finish to the week for the world’s financial markets after a wild ride during which share prices zipped up and down thanks to a potent mix

News

Markets rally on short-selling ban

European stock markets have rallied as a ban on the short-selling of financial shares tempted investors back into the battered banking sector

European stock markets have rallied as a ban on the short-selling of financial shares tempted investors back into the battered banking sector

News

Global markets rally

After a turbulent week, stock markets around the world are bouncing back. In the US, the NASDAQ and Dow Jones closed at over four per cent and 3.95

After a turbulent week, stock markets around the world are bouncing back. In the US, the NASDAQ and Dow Jones closed at over four per cent and 3.95

News

European markets volatile

Europe’s investors have again been hitting the sell button as nerves remain very frayed after a steep sell-off triggered by concerns about the

Europe’s investors have again been hitting the sell button as nerves remain very frayed after a steep sell-off triggered by concerns about the

News

Asian markets open down after Wall street sell-off

Asian stocks fell between 1% and 2% as the fallout from Wall Street’s drop and European jitters took hold. Tokyo shares tumbled 1.7% at the opening

Asian stocks fell between 1% and 2% as the fallout from Wall Street’s drop and European jitters took hold. Tokyo shares tumbled 1.7% at the opening

News

Wall Street slumps again

US stocks tumbled again on Wall Street almost wiping out gains of a relief rally only 24-hours earlier. The main trigger was concern about the health

US stocks tumbled again on Wall Street almost wiping out gains of a relief rally only 24-hours earlier. The main trigger was concern about the health

News

Asian markets rebound in knee-jerk reaction

Asian markets have rebounded after an overnight jump in Wall Street following the US Federal Reserve’s promise to keep interest rates near zero for

Asian markets have rebounded after an overnight jump in Wall Street following the US Federal Reserve’s promise to keep interest rates near zero for

News

European traders cautious after Asian falls

European stock markets opened on Tuesday amidst continuing nervousness. Paris, Milan and Madrid all started up slightly but the FTSE in London and

European stock markets opened on Tuesday amidst continuing nervousness. Paris, Milan and Madrid all started up slightly but the FTSE in London and

News

Asian markets continue the global plunge

Asian markets have tumbled once again on fears that the US is heading for recession after yesterday’s major losses on Wall Street. Hong Kong opened

Asian markets have tumbled once again on fears that the US is heading for recession after yesterday’s major losses on Wall Street. Hong Kong opened

News

Wall Street plunges after US credit downgrade

US stocks plunged in one of the worst panic-sell offs since 2008 as Wall Street got its chance to react to Friday’s downgrade of the US’s credit

US stocks plunged in one of the worst panic-sell offs since 2008 as Wall Street got its chance to react to Friday’s downgrade of the US’s credit

News

America still a triple-A economy insists Obama

The US president has attempted to reassert political primacy over the markets by denouncing Standard & Poor’s downgrading of US debt. Barack Obama

The US president has attempted to reassert political primacy over the markets by denouncing Standard & Poor’s downgrading of US debt. Barack Obama

News

Volativity returns to European markets

  After a relatively positive start to trading on Monday European stock markets are becoming more volatile. It seemed as if measures announced by the

  After a relatively positive start to trading on Monday European stock markets are becoming more volatile. It seemed as if measures announced by the