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NEW YORK: Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the political brinkmanship over raising the federal debt ceiling.
LONDON: Iran is planning to offer international companies more lucrative contracts to attract at least US$100 billion worth of investment in its oilfields over the next three years, the Financial Times reported on Monday.
WASHINGTON: U.S. telecommunications regulators on Monday formally adopted an agreement by AT&T Inc, Dish Network Corp and other wireless companies to give smaller operators access to devices now made only for AT&T's airwaves. The Federal Communications Commission's order, approved without a public vote, makes official and elaborates upon a multi-pronged deal brokered by agency staff and wireless companies last month.
NEW YORK: The political battlefield of the current government shutdown looks a lot like the last big shutdown of 1995. But major changes within the Republican Party in Congress - a weaker leadership, the demise of moderates and two decades of gerrymandering - could make this year's endgame far harder.
Brent futures fell slightly but held above US$109 a barrel on Tuesday, as oil production in the Gulf of Mexico returned to normal and the US budget crisis continued to cloud the outlook for demand in the world's biggest oil consumer.
NEW YORK: Stocks slid on Tuesday as traders cashed in gains in some of the year's best performers, while little progress was made to end a political crisis in Washington that could affect the U.S. fiscal standing and economic recovery.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.
TOKYO: The dollar skidded to near an eight-month low on Tuesday as the U.S. government shutdown entered its second week, leaving investors on tenterhooks as politicians in Washington made little headway in agreeing a deal to avoid an historic U.S. debt default.
NEW YORK: Major U.S. stock indexes posted their strongest rally in more than nine months on Thursday after signs of progress in negotiations to raise the U.S. debt limit, at least temporarily.