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Showing 541 - 550 of 911 results for "Deficit"

US pension funds issue debt ultimatum

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
... debt ceiling be raised to avoid default, the letter read, but it must also address the "real problem" of a huge budget deficit, both current and long term. A downgrade from America's AAA rating would leave it behind six counties on the credit scale ...

Market Wrap - Morning

AAP  |  TUESDAY, 26 JUL 2011
... stand at 2,842.80. Democrats and Republicans battled over the weekend and again throughout Monday over whose debt-and-deficit reduction plan was better, while investors and economists urged a deal to prevent, at least, a downgrade of the country's AAA ...

They will deal

BENJAMIN ONG  |  THURSDAY, 21 JUL 2011
... can tell by just comparing Bloomberg's headline today with yesterday. Yesterday: "Stocks, Treasuries Rally on Earnings, Deficit Plan; Oil Surges" Today: "U.S. Stocks Retreat on Debt-Limit Concern" Yes folks, it's another 'what the' moment. And yes, I ...

Market Wrap - Morning

AAP  |  THURSDAY, 21 JUL 2011
... gains overnight on Wall Street after US President Barack Obama welcomed a major bi-partisan deal on tackling the public deficit drove Asia higher and set up Europe to build on Tuesday's technical rebound. A more positive lead from Germany on Thursday's ...

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

ALISON BEVEGE  |  THURSDAY, 14 JUL 2011
... its bills. US President Barack Obama has been locked in tense negotiations over the issue, walking out of yesterday's deficit meeting at the White House. Overnight, Moody's placed the AAA credit rating of the US on a review for possible downgrade, raising ...

Market Wrap - Morning

AAP  |  TUESDAY, 12 JUL 2011
... lucrative British broadcaster BSkyB. The European crisis sent US bond prices higher -- despite the continued debt-and-deficit talks impasse in Washington, now just three weeks before the country could be forced to into default. The yield on the 10-year ...

Market Wrap - Morning

AAP  |  FRIDAY, 8 JUL 2011
The Australian share market is receiving a sharp boost from trading offshore overnight, after Wall Street surged on positive US economic data and commodities prices rose strongly. At 0719 AEST, the September share price index futures contract was up ...

European authorities will blink

BENJAMIN ONG  |  TUESDAY, 21 JUN 2011
... pact that governs euro entry). The Maastricht criteria mandated that Eurozone member countries must not have a public deficit greater than 3 per cent of GDP and debt of more than 60 per cent of GDP. In its eagerness to expand it allowed Greece entry ...

The road to ruin

BENJAMIN ONG  |  MONDAY, 20 JUN 2011
... Greece was admitted to the Eurozone on 1 January 2001. GDP growth: 3.3 per cent Unemployment rate: 10.7 per cent Budget deficit as a percentage of GDP: minus3.7 per cent (close to the mandated Maastricht criteria of 3.0 per cent) Debt as a percentage ...

The seventh day

BENJAMIN ONG  |  FRIDAY, 10 JUN 2011
... boy, players just chose to ignore them. What the market saw is America's trade numbers - and they were good. The US trade deficit narrowed by 6.7 per cent in April as exports grew by 1.3 per cent and imports declined by 0.4 per cent. This is good - a ...