Friday 1 August 2014
 
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US budget

Oil heads for record annual average over $111

Brent crude oil slipped towards $110 per barrel on Monday, averaging more than $111.65 this year, its fourth successive year of annual rises and above the previous record of $110.91 in 2011. Brent fell on worries US lawmakers may

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Dollar hits 20-month high on Japan vote

A win by Japan's conservative Liberal Democratic Party lifted the dollar to a 20-month high against the yen on Monday while European shares edged lower, weighed down by US budget uncertainty. The LDP surged back to power in a

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Gold drops to one-month low below $1,700

Gold fell to its lowest in nearly a month on Tuesday on technically driven selling after prices broke below key support levels, with oil prices also drifting lower as investors worried about stalled US budget talks. Gold broke bel

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Oil slips towards $110 on economic worries

Brent crude oil slipped towards $110 a barrel on Tuesday as weak manufacturing data and protracted US budget negotiations fanned concerns about the health of the global economy and the prospects for energy demand. But simmering te

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US trims 2010 budget deficit forecast

The Obama administration trimmed an expected funding gap in the current fiscal year by $84 billion to $1.47 trillion warning that the US economy had encountered "strong headwinds" and the country's fiscal challenge remained grim. Outlining

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US budget deficit to hit $1.4 trillion

The US budget deficit is expected to hit a record $1.4 trillion this year, some $950 billion greater than the shortfall recorded last year, the Congressional Budget Office (CBO) said. Congress's non-partisan financial watchdog said the

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