Tag: Debt
Global debt crisis rips through equities
The risk-averse investors and the central banks across the globe as well as in Pakistan have rushed to safe heavens like commodity markets as...
‘Silver lining’ of the US debt crisis
As the US is grappling with what the Chinese newspaper has termed as “immoral debt”, the price of gold and silver is increasing as...
Obama seeks to revive base after debt debacle
US President Barack Obama marked his 50th birthday Thursday after a night in his hometown Chicago, seeking to revive the energy of his last...
Obama signs debt legislation after Congress says yes
The US Senate on Tuesday approved legislation to avert a disastrous debt default and cut trillions in government spending, followed by President Barack Obama...
Gold hits record as misery mounts over debt
Gold rallied to its ninth record high this year on Tuesday, as growing fears about the spread of the European debt crisis and the...
Debt deal offers only small blessings for economy
The tentative deal to avoid a crushing debt default is at best a mild relief for the US economy that nearly stalled in the...
Wall Street ends worst week in year on debt stalemate
Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to...
US debt crisis moves to Senate, deadlock persists
Democrats sought to forge a last-ditch compromise with Republicans on Friday by offering a concession to avoid a crippling U.S. default, but a bitter...
US ‘almost out of time’ for debt deal: Obama
Spurred on by President Barack Obama, US lawmakers on Saturday dove into a frantic beat-the-clock weekend effort to avert a debt default that could...
Obama seeks ‘Plan B’ as US debt plans stall
A Republican plan to cut the US deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade...
Circular debt increases to alarming level
Circular debt has risen to over Rs360 billion during the last fiscal year, receivables of power sector entities alone have escalated to Rs240 billion...
Greece hopes for quick debt swap in August
Greece wants a voluntary swap of government bonds for longer maturity paper to start in August and be completed fast to emerge rapidly from...
KSE tumbles on concern for US debt crisis
Tuesday witnessed bears dominating the Karachi Stock Exchange (KSE) on the back of investors’ concern for falling global capital markets due to the potential...
US lawmakers deadlocked over debt deal as default looms
The United States edged closer on Tuesday to a devastating default as Republicans and Democrats were deadlocked over competing plans to raise the debt...
Moody’s downgrades Greek debt
Moody's credit rating agency downgraded Greek debt by three notches on Monday and warned that the eurozone rescue was almost certain to trigger another...
Clinton seeks to reassure Asia on US debt
US Secretary of State Hillary Clinton sought to reassure Asian investors over US debt worries on Monday, saying she was confident President Barack Obama...
US lawmakers split as debt deadline looms, markets uneasy
A sharply divided U.S. Congress pursued rival budget plans on Monday that appeared unlikely to win broad support, pushing the United States closer to...
