Oil price plunge signals high uncertainty over economy: IEA
Oil is riding a ‘big dipper,’ with prices plunging again on uncertainty about debt levels in the West, signs of a slowdown in emerging markets and political paralysis, the IEA said on Wednesday.
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India faces Rs 1.83 lakh crore exposure to US debt
As one of the 15-largest foreign creditors to the US, India's exposure to the United States' ballooning debts is estimated at $41 billion -- higher than the money America owes to countries like France
China slams US for its failure to sort out debt mess
China, the largest holder of US debt, on Saturday demanded that the US set itself on a corrective course to cure its ‘addiction’ to debts following an unprecedented downgrade by credit rating agency S
Investors log out of IT stocks; TCS, Infy among worst hit
Fears of possible recession in the US led to investors selling off heavily the stocks of Indian IT companies in a weak market and blue-chips like TCS, Infosys and Wipro plunged sharply on the bourses.
Wall St flat as data fails to ease economic fears
US stocks seesawed, trading little changed on Friday as a better-than-expected payrolls report did little to alleviate fears of a double-dip recession.
US job growth accelerated more than expected in
European stocks down sharply
Europe's main stock markets extended their losses on Friday, with both the London and Frankfurt dropping more than 2.7 per cent.
London's FTSE-100 index closed down 2.71 per cent to 5,246.99 points,
US House votes to avert imminent default
With barely a day to act, the polarized US House of Representatives on Monday approved a massive austerity plan to avert a debt default that would have wreaked havoc through the global economy.
After
Britain, Japan warn of disaster if no US debt deal
British and Japanese officials warned on Sunday of disastrous consequences for the global economy if last-minute talks among lawmakers in Washington failed to agree on raising the US borrowing limit a
Obama announces deal to avert US default
US President Barack Obama announced late Sunday that he and top lawmakers had reached an 11th-hour deal to avert a disastrous debt default that would have sown chaos in the world economy.
"I want to
Obama, Democratic allies to huddle on debt stalemate
US President Barack Obama called an urgent White House summit with key Democratic allies on Saturday as his Republican foes said fever-pitch efforts to avert a disastrous debt default would soon pay o