Obama, Boehner meet in fiscal cliff talks
President Barack Obama and Republican House Speaker John Boehner held surprise talks Thursday, as time ran short for hopes of a pre-Christmas deal to solve a fiscal crisis that could cause a recession.
14 December 2012
EU on verge of bridging pre-summit gulf on banks watchdog
European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone bank, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.
US financier tied to Pinochet money laundering dies
Texas financier and media magnate Joe Allbritton, who lost the scandal-racked Riggs bank to a hostile takeover after it was fined for helping Chilean dictator Augusto Pinochet launder money, has died at the age of 87.
IMF's Lagarde warns against US fudge on fiscal cliff
The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.
With Romney filing, 2012 election spending tops $2 bn
Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said Thursday, bringing the total spent on the presidential election to a record $2 billion.
07 December 2012
US court gives Argentina new break on debt payment
A New York appeals court on Tuesday rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.
06 December 2012
Greece launches bond buyback programme
Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.
Asian shares mixed as US worries trump China data
Asian markets were mixed on Monday, after optimism over data showing Chinese manufacturing activity had picked up pace in November was tempered by concerns over US talks to avert the fiscal cliff.
03 December 2012
S&P upgraded Samruk-Kazyna's credit rating
Standard & Poor’s has upgraded its long- and short-term local and foreign currency credit ratings of Kazakhstan's Samruk-Kazyna National Welfare Fund.
IIF says Greek debt buyback must be 'voluntary'
A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."
Pressure mounts on fiscal cliff, Obama urges fix
US President Barack Obama on Wednesday called for a pre-Christmas deal with Republicans to avert a year-end tax and deficit crunch, as pressure mounted from the business world and stock markets fluttered.