Debt deal could spur relief rally (Reuters)
Reuters - A deal involving up to $3 trillion in deficit cuts over a decade that would let U.S. lawmakers raise the U.S. borrowing limit and avoid default could spur a relief rally in Wall Street stocks and a rise in U.S. government yields on Monday.
AFP - Stocks in London closed lower Friday in the wake of official data from the US which showed the world's largest economy had stagnated in the last six months.
Reuters - Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default.
Posted: 31 Jul 2011 02:29 PM PDT
Reuters - A deal involving up to $3 trillion in deficit cuts over a decade that would let U.S. lawmakers raise the U.S. borrowing limit and avoid default could spur a relief rally in Wall Street stocks and a rise in U.S. government yields on Monday.Posted: 31 Jul 2011 02:57 PM PDT
Reuters - The terrifying prospect of a U.S. debt default has left a cloud over businesses already reeling from the economy's tepid performance, and likely left them reluctant to ramp up hiring in July.
Posted: 31 Jul 2011 04:11 PM PDT
Reuters - U.S. stock index futures jumped at the start of electronic trading on Sunday evening as investors bet that lawmakers in Washington were set to reach a deal on raising the country's debt limit.
Posted: 31 Jul 2011 07:31 PM PDT
Reuters - Reinsurer Validus Holdings Ltd on Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and said its offer is superior to one from Allied World Assurance Co .
Posted: 31 Jul 2011 07:20 PM PDT
Reuters - HSBC Holdings Plc said on Sunday it will shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others.
Posted: 29 Jul 2011 09:28 AM PDT
AFP - Stocks in London closed lower Friday in the wake of official data from the US which showed the world's largest economy had stagnated in the last six months.Posted: 31 Jul 2011 04:15 PM PDT
Reuters - Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default.Posted: 31 Jul 2011 01:01 PM PDT
Reuters - If debate in Washington over raising the U.S. debt ceiling finally ends with a deal on Sunday, the last-minute reprieve could spark a relief rally when global markets open.
Posted: 31 Jul 2011 01:52 PM PDT
Reuters - U.S. offshore oil and natural gas producers are restarting production operations with Tropical Storm Don long over, data from Gulf of Mexico energy regulators showed on Sunday.
Posted: 31 Jul 2011 07:14 PM PDT
Reuters - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax reform.
Posted: 31 Jul 2011 11:50 AM PDT
Reuters - Automakers have agreed to produce by the quarter-century mark the most fuel- efficient cars and trucks ever that will leverage new designs and technology, but still rely heavily on gasoline engines.
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