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Business 05 Oct 2013 | 6:46 AM

Why this shutdown isn't like 1995

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.

Commodities 08 Oct 2013 | 3:22 PM

Brent slips on hazy demand outlook, still above US$109

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.

Business 09 Oct 2013 | 6:37 AM

Year's winners lead Wall Street lower as default angst rises

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.

Business 10 Oct 2013 | 8:24 AM

Vegoils/Palm oil: Market factors to watch Oct 10 (Thursday)

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

Business 08 Oct 2013 | 9:10 AM

US dollar near 8-mth low as US shutdown enters 2nd week

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.

Business 11 Oct 2013 | 6:49 AM

Major US stock indexes posted strongest rally in more than nine months

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.

Economy 10 Oct 2013 | 11:43 AM

Japanese selling off record foreign bonds, likely Treasuries too

Japanese investors sold a record amount of foreign bonds on a net basis last week, offloading nearly US$23bil’s worth, amid concerns over US lawmakers might not reach a deal to raise the federal debt limit by mid-October and avoid a historic default.

Economy 10 Oct 2013 | 1:12 PM

Brent steadies above US$109 after steep losses

Brent steadied above US$109 per barrel on Thursday, following steep overnight losses as data showed US crude stocks rose by the most in a year last week.

Business 16 Oct 2013 | 7:59 AM

Twitter picks NYSE for IPO even as losses widen

SAN FRANCISCO: Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs

Business 12 Nov 2013 | 6:41 AM

Virgin enters fray to oppose US Airways-American deal

WASHINGTON: Virgin America Inc won permission on Monday to file a brief with the court hearing the Justice Department's bid to stop a big airline merger, giving it an opportunity to argue for lower barriers to enter the U.S. market.