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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.
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.
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.