The outlook for the global economy is improving, but investors continue to face visible uncertainties, including the resolution of the US ‘fiscal cliff’, the ongoing euro crisis, and a rebalancing of the Chinese economy, a report sai
Oil eased to $111 a barrel on Monday as some investors booked profits after last week's gains, although optimism that the world's biggest economies are on a steady recovery path limited the decline.
The crude market rallie
Brent crude oil hit a one-month high above $112 per barrel on Wednesday after the US Congress approved a deal to avert a fiscal crisis, while promising data from top energy consumer China also supported prices.
The United States a
The "fiscal cliff" deal that slowly, painfully took shape in the US Congress in recent days fulfills some of corporate America's tax policy goals, but leaves others unmet, including a big one - meaningful deficit
The US Congress approved a rare tax increase on Tuesday that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and rece
Saudi stocks climbed in early trade after the US Senate passed a deal to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to plunge the world's largest economy back into recession.
The Senate moved the US economy back from the edge of a "fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives.
The US Congress comes back on Monday without a deal to avert the "fiscal cliff" and only a few hours of actual legislative time scheduled in which to act if an agreement materialises.
Negotiations involving Vice President Jo
Following a Friday meeting with congressional leaders, an impatient and annoyed President Barack Obama said it was "mind boggling" that Congress has been unable to fix a "fiscal cliff" mess that everyone has known about for m
President Barack Obama held out hope for a last-minute agreement to avoid the "fiscal cliff" of tax increases and spending cuts after a meeting with congressional leaders, scolding Congress for leaving the problem unresolved until the