25 Jul '11, 9pm

US debt impasse hurts markets, gold at new high

LONDON - Stock markets fell yesterday amid prospects of a first-ever sovereign debt default by the United States, which Federal Reserve chairman Ben Bernanke has said would be a "calamitous outcome" for the world's largest economy as well as the rest of the world. A sharply divided US Congress pursued rival budget plans yesterday that appeared unlikely to win broad support, pushing the nation closer to a downgrade from its gold-plated AAA rating. With an Aug 2 deadline about a week away, lawmakers had steadfastly refused to compromise and talks collapsed in acrimony at the weekend. Democrats and Republicans split into two camps to work on their own proposals. But there was no panic selling that some politicians in Washington had feared after the weekend talks broke down. In Asia, China's Shanghai Composite led losses with a 3 per cent fall, Japan's Nikkei-225 slipped 0.8 p...

Full article: http://www.todayonline.com/Business/EDC110726-0000095/US-...

Tweets

US dollar slides as debt talks sputter

channelnewsasia.com 25 Jul '11, 10pm

NEW YORK: The US dollar slid against the euro and the yen on Monday, while gold prices jumped again, as politicians in Was...

Oil lower on US debt concerns #afpasiapacificbu...

channelnewsasia.com 25 Jul '11, 4am

SINGAPORE: Oil fell in Asian trade Monday on concerns over a possible US default if President Barack Obama and lawmakers f...

Obama to warn of \\"incalculable damage\\" if n...

channelnewsasia.com 26 Jul '11, 1am

WASHINGTON: US President Barack Obama stepped up the pressure on Republicans over the US debt crisis Monday, scheduling a ...

the all new Proton, for the global markets. =) *woooots*

the all new Proton, for the global markets. =) ...

eforericyong.blogspot.com 26 Jul '11, 1am

"With the P3-21A, the time has come for Proton to produce a global car (that is) not just accepted in Malaysia or the regi...

HK luxury home prices hit new high

channelnewsasia.com 25 Jul '11, 1pm

SINGAPORE: Luxury residential prices and rents in Hong Kong have hit a new high in the second quarter. According to a Coll...

Friends of the Earth urge rejection of debt cei...

foe.org 01 Aug '11, 5pm

Contact: Kelly Trout, [email protected] , 202-222-0722 Nick Berning, [email protected] , 202-222-0748 Friends of the Earth urg...

Southeast Asian markets decline amid fear of US default.

Southeast Asian markets decline amid fear of US...

sg.news.yahoo.com 28 Jul '11, 10am

Asian markets mostly fell on Thursday, following big losses on Wall Street, as the deadline approaches for US lawmakers to...

Will NextEra Energy’s Wind Be Part of the New California Gold Rush?: It doesn’t get much better for wind th...

Will NextEra Energy’s Wind Be Part of the New C...

greentechmedia.com 26 Jul '11, 3pm

It doesn’t get much better for wind than it is in California’s Antelope Valley. The resource blows hard, often at the same...

Why Climate Change is Much Bigger Than The Debt Ceiling

Why Climate Change is Much Bigger Than The Debt...

solarfeeds.com 26 Jul '11, 2am

All other things being equal, I’m sure our general long-term economic trajectory would continue on upward. But global warm...

Debt ceiling proposals not so eco-friendly

Debt ceiling proposals not so eco-friendly

mnn.com 28 Jul '11, 9pm

Back in December 2010, Interior Secretary Ken Salazar announced that the federal government would designate millions of ac...

The debt ceiling and your money

The debt ceiling and your money

mnn.com 29 Jul '11, 2am

In just five short days, the nation will “run out of money” if the debt ceiling is not raised. The topic is causing a huge...

US Senate 'really close' to a debt ceiling deal...

todayonline.com 01 Aug '11, 12am

WASHINGTON - United States Senate majority leader Harry Reid has tentatively signed off on the budget deal being negotiate...

Price of gold hits record high, reflecting worr...

straitstimes.com 18 Jul '11, 12am

SINGAPORE - GOLD touched a record high on Monday, reflecting persistent worries about the euro zone debt crisis spreading ...

US President Obama, Republican leaders agree on debt deal to reduce US deficit & avoid default

US President Obama, Republican leaders agree on...

straitstimes.com 01 Aug '11, 1am

US President Barack Obama delivers remarks on the debt ceiling crisis in the briefing room at the White House in Washingto...

DBS well protected against possible US debt ratings downgrade

DBS well protected against possible US debt rat...

channelnewsasia.com 28 Jul '11, 3pm

SINGAPORE: DBS Bank says it is keeping a close watch, and is well guarded against debt problems in the US. Its CEO Piyush ...