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KUALA LUMPUR: Malaysia’s blue chips ended nearly one point down on Monday amid a lacklustre market in line with the regional markets as investors stayed on the sidelines due to the concerns about a possible US debt default.
WASHINGTON: Senate negotiations to bring a boiling fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees that the U.S. federal government shutdown was about to end or that a historic default would be avoided.
SYDNEY: US stock index futures fell on Monday and the safe-haven yen rose broadly, foreshadowing a rocky start for Asian shares after weekend talks in Washington failed to reach an agreement to avert a U.S. debt default.
NOTHING is certain in life except death and taxes.
KUALA LUMPUR: The economy is on track for 4.5% to 5% expansion this year as domestic demand holds up and exports recover, predicting higher growth in 2014, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said.
WASHINGTON: Congressional negotiations to end a U.S. fiscal crisis gripping Washington and spooking financial markets hung by a thread on Saturday after bipartisan talks broke down in the House of Representatives and shifted to Senate leaders.
WASHINGTON: Global finance chiefs on Saturday told the IMF to stand ready to aid emerging market economies that could be destabilized by a sudden flight of capital when the U.S. Federal Reserve and other central banks back away from ultra-loose monetary policies
WASHINGTON (Reuters) - President Barack Obama will meet Senate Democratic leaders at the White House on Saturday at 3:15 p.m. EDT (1915 GMT) to discuss the fiscal impasse, the White House said.