Tuesday 29 July 2014
 
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Shutdown

Yansab extends shutdown at petchem plant

Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) complex is likely to remain shut for maintenance until the end of next week, the company said late on Sunday. The complex has been shut down since Oct. 23, due to a prob

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Little to cheer for Americans in new debt deal

Most Americans found little to cheer in the congressional deal to reopen the government and avoid a national default, and Republicans suffered the biggest political damage in the crisis, according to a Reuters/Ipsos poll released on Friday.

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US 'soft power' takes a hit over govt shutdown

A picture 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.   Chinese President Xi Jin

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Default threat ends, Obama signs debt bill

The US Congress on Wednesday approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity. &n

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US senators hint at possible fiscal deal

A month of combat in the US Congress over government spending showed signs on Monday of giving way to a Senate deal to reopen shuttered federal agencies and prevent an economically damaging default on federal debt. The news led to an

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Brent holds above $109, demand outlook cloudy

Brent futures fell slightly but held above $109 on Tuesday, as oil production in the Gulf of Mexico returned to normal and the US budget crisis continued to cloud the outlook for demand in the world's biggest oil consumer. One

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Gold edges up as US shutdown drags on

Gold nudged up in Asian trading on Monday as the near-week long US government shutdown raised fears Congress may struggle to raise the debt ceiling in time, burnishing bullion's safe-haven appeal. Failure to raise the US borro

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Brent slips towards $109 as storm wanes

Brent futures edged down towards $109 a barrel on Monday as oil production resumed in the Gulf of Mexico after a tropical storm, while lingering concerns over the US government shutdown clouded the outlook for demand. Tropical Sto

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US enters 5th day of shutdown, no end in sight

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. The US House of Repres

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US leaders fail to break shutdown deadlock

President Barack Obama met with Republican and Democratic leaders in Congress to try to break a budget deadlock that has shut wide swaths of the federal government, but there was no breakthrough and both sides blamed each other. &

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