ECONOMY & MARKETS

BlackRock Inc. (NYSE: BLK)

Pension Funds, Investors Urge Action on Deficit

Some of the largest pension funds and investment firms have urged President Barack Obama and Congress to resolve the deficit impasse and avoid inflicting "pain and hardship" on the nation.
More news
U.S. Federal Reserve Chairman Ben Bernanke

If U.S. Government Defaults, What Will the Fed Do?

Assuming President Barack Obama and Congressional Republicans can not resolve the debt deal dispute in eight days, the unfathomable will happen -- a default by the U.S. Government. But that begs the question: what will the U.S. Federal Reserve do, if the U.S. Government defaults?
Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville, west of Johannesburg,

South African strikes to spread to gold sector

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
Larger Retirement Funds

Assuming a U.S. Default, Where Should You Put Your Money?

For most Americans, talk of a U.S. Government default is a little complex. What the American people really want to know is, assuming the U.S.Government defaults, where should one consider putting a portion of their money? Glad you asked.
IBTimes Logo

TSX may open lower on U.S. debt concerns

Toronto's main stock index looked set to open lower on Monday, hurt by news of major job cuts at Research In Motion Ltd (RIM.TO: Quote) and an impasse in U.S. debt ceiling talks that fueled worries of a U.S. default.
A protester waves a Greek flag during a rally against austerity economic measures and corruption in Athens

Moody's warns Greek default almost certain

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.
Factory in Japan

Elusive Rebound Better Come Soon

American consumers, faced with grim job prospects and the looming threat of a national debt default, are in no position to support the global economy with a new wave of spending.
Chinese City Orders Two Fake Apple Shops to Close

Chinese city orders two fake Apple shops to close

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.
Lawmakers split as debt deadline looms, markets uneasy

Lawmakers split as debt deadline looms, markets uneasy

A sharply divided Congress pursued rival budget plans on Monday that appeared unlikely to win broad support, pushing the United States closer to a ratings downgrade and debt default that would send shockwaves through global markets.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.