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U.S. debt jumps a record $328 billion

Washington, 19 October 2013 (MIA) - U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week, The Washington Times reads.

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Job fears and abuse take toll on bankers' health- study

London, 16 October 2013 (MIA) - Fears of job cuts and "banker bashing" are taking a toll on the health of bank workers of all levels, according to an international study published on Wednesday that follows a trail of burnouts and tragedies in the world of finance.

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IMF chief warns a US default could spark recession

Washington, 14 October 2013 (MIA) - The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession, BBC reports.

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G20 urges U.S. to act quickly to avoid default

Washington, 12 October 2013 (MIA) - Finance officials from the world's biggest economies on Friday pressed the United States to head off a potentially devastating default and vowed to proceed carefully when the time comes to normalize monetary policy, Reuters reports.

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Global finance chiefs demand US debt deal

 

Washington, 11 October 2013 (MIA) - Top finance officials from China, Europe and Latin America on Thursday joined International Monetary Fund managing director Christine Lagarde and World Bank president Jim Yong Kim in warning of the potential catastrophe looming if Washington DC is forced to slash spending because congress does not increase the statutory borrowing cap, AP reports.

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Boeing leading Airbus in 2013 deliveries, but trailing in orders

 

Chicago, 5 October 2013 (MIA) - Boeing is ahead of Airbus in deliveries in the first nine months of 2013, but not in orders.

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Switzerland tops global human capital index

 

Geneva, 3 October 2013 (MIA) - Switzerland tops the World Economic Forum's (WEF) first Human Capital Index and China ranked the highest among the BRICS nations at 43rd, reports Xinhua news agency.

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India tops global chart of remittances

 

New York, 3 October 2013 (MIA) - India has topped the global chart of remittances with a whopping USD 71 billion in remittances in 2013, just short of three times the FDI it received in 2012, according to a revised World Bank forecast issued on Wednesday.

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New York City Opera to close after 70 years

 

New York, 2 October 2013 (MIA) - The New York City Opera said it would close and file for bankruptcy after 70 years, having failed to secure desperately needed millions through an emergency fund-raising appeal.

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'Premature' to talk about third Greek bailout: ECB chief

 

Frankfurt, 24 September 2013 (MIA) - It is too early to discuss any additional bailout programme for Greece, European Central Bank president Mario Draghi said on Monday, AFP reports.

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