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Business

Washington deadlocked as partial shutdown enters fifth day

WASHINGTON: Washington entered the fifth day of a partial government shutdown on Saturday with no end in sight even as another, more serious conflict over raising the nation's borrowing authority started heating up.

Business

Long shutdown may worsen volatile markets

WASHINGTON: A short government shutdown would likely have little impact on the overall US economy, but a protracted budget fight during a time of heightened stock market volatility could worsen an already murky outlook, economists say.

Business

Shutdown, default threat elevates appeal of U.S. Treasuries

NEW YORK: Government shutdown. Federal default. These looming political threats to the U.S. economy might scare investors to buy more U.S. Treasuries in the coming days as they seek a shelter for their cash.

Business

Minimal impact on M'sia from US govt shutdown

PETALING JAYA: Malaysia’s economy and the local stock market are not expected to suffer any significant impact from the partial shutdown of the US government, so long as it is not long drawn.

Business

US soft power takes a hit over govt shutdown

A picture from last week spoke volumes about the United States' loss of global prestige and influence due to the shutdown of its government in a partisan standoff over the federal budget and debt.

Business

Shutdown may last into January as leaders leave Washington

WASHINGTON: White House budget director Mick Mulvaney said Sunday the two-day-old government shutdown could last into 2019, as Republicans and Democrats remain at an impasse over President Donald Trump’s demand for billions of dollars in border-wall funding.

Business

Obama calls impact of government shutdown 'heartbreaking'

WASHINGTON: Saying the U.S. government shutdown was having a "heartbreaking" impact on ordinary Americans, President Barack Obama on Saturday renewed his call on congressional Republicans to end the five-day stalemate and pass a funding bill without conditions.

Business

Dlr, US stock futures steady; US govt shutdown seen short

TOKYO: The dollar and U.S. stock futures held steady on Wednesday as investors bet the first partial U.S. government shutdown in 17 years will be short-lived.

Business

Stocks, yields rise after deal announced to end US government shutdown

NEW YORK: Wall Street indexes rose and bond yields followed stocks higher on Friday after U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown and as investors reacted to corporate earnings reports.

Business

World stocks rise despite short US Govt shutdown

NEW YORK: U.S. stocks surged on Monday after senators in Washington reached a deal to reopen the federal government, ending a 2-1/2-day shutdown that world markets largely took in stride.