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World 08 Oct 2013 | 10:47 AM

Fed's Fisher decries U.S. flirtation with default

DALLAS (Reuters) - A U.S. central banker known for his criticism of Washington politics warned on Monday that the standoff in the U.S. Congress that has shut down the federal government could drive the country to the edge of defaulting on its sovereign debt.

Nation 08 Oct 2013 | 2:04 PM

Costly homes, a bane of middle-income Malaysians

KUALA LUMPUR: The escalating price of houses have left many Malaysians scratching their heads about how they are going to get a home they can afford.

Business 08 Oct 2013 | 5:52 PM

Petronas Chemicals, Public Bank lead KLCI higher

KUALA LUMPUR: Malaysia’s blue chips closed slightly higher on Tuesday, lifted by gains in index-linked stocks Petronas Chemicals and Public Bank while the broader market was slightly firmer.

Nation 09 Oct 2013 | 12:00 AM

Groups: Price hike for sugar and flour for the good of all

PETALING JAYA: Consumer groups are backing the possible hike in sugar and flour prices as long as the needs of the poor are safeguarded, claiming that the liberal use of these items has led poor health.

Community 09 Oct 2013 | 12:00 AM

Green tropical house wins award at Asean Energy Awards 2013

THE S11 House in Petaling Jaya has added another feather to its cap after winning the tropical building category of the Asean Energy Awards 2013.

World 09 Oct 2013 | 2:15 AM

Pianalto wanted Fed to reduce bond-buying last month

(Reuters) - A top Federal Reserve official on Tuesday added her voice to those at the U.S. central bank who wanted to reduce asset purchases last month, though she stressed that "very supportive" policies remain essential to support the economy.

Swimming 09 Oct 2013 | 5:32 AM

Diana Nyad plunges into 48-hour charity swim in NYC

NEW YORK (Reuters) - A month after a record-setting swim from Cuba to Florida, Diana Nyad has moved on from the real sharks of the Florida Straits to the metaphorical ones of New York City.

World 09 Oct 2013 | 6:51 AM

U.S. financial stability group discusses debt ceiling, shutdown

WASHINGTON (Reuters) - U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a phone conversation on Tuesday, a Treasury Department spokesman said.

World 09 Oct 2013 | 11:45 AM

Mexico urges U.S. to reach deal on raising debt ceiling

MEXICO CITY (Reuters) - Mexico's finance minister urged the United States on Tuesday to reach an agreement on raising its debt ceiling, saying a failure to do so could seriously damage financial markets and the global economy.

World 09 Oct 2013 | 1:20 PM

Analysis - Kagan, now in a robe, argues again for campaign finance limits

WASHINGTON (Reuters) - The last time the U.S. Supreme Court heard a major campaign finance dispute, then-Solicitor General Elena Kagan stood at the lectern making the government's case to the justices. On Tuesday she was on the bench, nearly as forceful, her sharp questions setting the tone for a defence of limits on political contributions and drawing caustic retorts from opposing justices.