Tag: Finance
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Asian markets stagger as investors eye the US debt cap
Asian stocks initially saw gains dissipate on Tuesday as the news of averted default by the U.S. government was overshadowed by concerns surrounding the...
Erdogan rounds up position, Turkish lira strikes the worst
Turkey's currency, the lira, experienced a fresh round of record lows against the US dollar on Monday, while the stock market rallied, following President...
US debt-cap pact is being judged by hushed voices; markets oblige
A small group of Republican lawmakers from the hard-right wing have announced their opposition to a proposed agreement to increase the United States' debt...
Debt pact’s ideal route to the Fed; Congress in sight
Democratic President Joe Biden and the leading Republican in Congress, Kevin McCarthy, have come to a consensus to enact a temporary halt on the...
US debt cap zeroes in on low-spirited spending up front
The key focus of the debt-ceiling negotiations between President Joe Biden and House Republican Kevin McCarthy centres around "discretionary spending," which refers to the...