A default would bring catastrophic results to the world economy. The world is anticipating the showdown on Capitol Hill over the US federal budget and debt ceiling.
Tags: United States
US Senators struggle to end deadlock as default looms
US Senators struggled to end the partial government shutdown as the nation's deadline on incurring a default on debt draws near, said a Reuters report.
IMF reforms remain undone
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
ZTE Corp plan to expand to US market
The US is the next frontier for ZTE, as it partners with the NBA's Houston Rockets. The third largest smartphone seller in China, ZTE Corp, had laid out plan to become the one of the top three handset companies in the the next three years.
Obama open to healthcare act changes - US senators
US Republican Senators said that President Barack Obama was open to changes regarding Obamacare, a possibility that the US deadlock on budget issues would be reached, reported Bloomberg.
Latest News
The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
According to the latest US Energy Information Administration report, the US would pass production levels of Russia and Saudi Arabia for oil and natural gas.
The American Association of Physicians of Indian Origin and the American Heart Association Liaison Committee join in a programme on stroke and heart attack education in the US and in India.
As share values jumped, the bigger issues for the Applied Materials-Tokyo Electron merger would be the regulatory approvals from three countries and the length of time for those approvals to be obtained.
Stock market indices rose and long term instruments fell as the market responded to the first government shutdown in 17 years.
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
The governments of the United States and Russia came to an agreement to seize the Syrian government's arsenal of chemical weapons within the week.
After the fall of the iconic Twin Towers building in 2001 due to terrorist attacks, the city of New York had funded the reconstruction with USD250 million cash and USD1 billion sale of bonds.
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
