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Showing 371 - 380 of 533 results for "Congress"

US pension funds issue debt ultimatum

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
US pension funds have issued a rallying call to President Barack Obama and Members of Congress to act immediately on US debt or risk long term damage to the country's retirement savings. The California Public Employees' Retirement System (CalPERS) released ...

Earnings, debt ceiling and debt

BENJAMIN ONG  |  WEDNESDAY, 20 JUL 2011
So now equity investors have finally taken notice of earnings. "Wall Street up on profits, Apple surges late," beamed Reuters' headline. Oh yes, Virginia, Wall Street was not only up - it was up big time. Both the Dow and the S&P500 gained 1.6% overnight ...

Market Wrap - Morning

AAP  |  MONDAY, 18 JUL 2011
The Australian market is expected to open higher after US stocks rose in the last hour of trading after Google said its revenue hit a record last quarter. At 0735 AEST on the ASX 24 on Monday, the September share price index futures contract was up ...

Market Wrap - Morning

AAP  |  FRIDAY, 15 JUL 2011
... Bernanke that dimmed hopes for a third round of bond-buying pushed stocks lower. In a second day of testimony, Bernanke told congress the Fed expects the economy to improve. He said the central bank would only step in with more economic stimulus if there ...

QE3 - yes, no, maybe

BENJAMIN ONG  |  FRIDAY, 15 JUL 2011
... didn't like what came out of Sir Ben's mouth on his second day of testimony on Capitol Hill. This is what Sir Ben told Congress on the first day of his testimony: "The possibility remains that the recent economic weakness may prove more persistent than ...

Credit hits the fan as Moody's puts US on downgrade watch

ALISON BEVEGE  |  THURSDAY, 14 JUL 2011
Major credit ratings agency Moody's Investors Service has placed the US on a review for possible downgrade prompting US Federal Reserve chairman Ben Bernanke to issue dire warnings on the global impact a US debt default would have. US lawmakers have ...

Market Wrap - Morning

AAP  |  THURSDAY, 14 JUL 2011
... stock market rally early on Wednesday, but it wasn't long before another Fed official cut it short. In testimony before Congress, Bernanke said the central bank would be open to new economic stimulus measures, but only if the economy gets much worse. ...

US to avoid default, EM stocks to rise: Janus

ALISON BEVEGE  |  THURSDAY, 19 MAY 2011
... for Janus Capital Group said yesterday. US President Barack Obama has warned of impending US economic catastrophe if Congress doesn't agree to raise the US$14.3 trillion debt ceiling, reached on Monday US time. Markets so far consider the possibility ...

Seeing evil, hearing evil

BENJAMIN ONG  |  TUESDAY, 17 MAY 2011
... would suffer a substantial loss. And that's another bad, bad thing. US Treasury Secretary Timmy Geithner warned that if Congress doesn't raise the debt ceiling by 2 August, it would have a "catastrophic economic impact." It would lead to higher interest ...

Market Wrap - Morning

AAP  |  TUESDAY, 17 MAY 2011
The Australian market is expected to open lower on Tuesday, following falls on Wall Street in both commodities and equities. On the ASX 24 at 0735 AEST, the June share price index futures contract was 16 points lower at 4,653. In economics news on Tuesday ...