Chief executives of major banks and President Barack Obama on October 2 had met and discussed financial repercussions of the government shutdown.
Government
Saudization is not achievable according to the General Syndicate of Cars
Saudization, according to GSC Secretary General Marwan Zabidi, is a unachievable goal because of the lack of support structures for its realization.
US shutdown causes ripple effects
The US shutdown and its eventual break in the deadlock has been hoped by many countries as the effect has reached other bourses.
Despite Obama absence, Trans Pacific Partnership still a go
Identified as an integral part of US interests in Asia, the Trans Pacific Partnership is being outlined between the US and eleven other countries.
Stock markets hunker down for incoming volatility due to impasse
As the budget deadlock continues, the stock market's fear index is rising and many investors are preparing for future stock volatility.
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Japan Prime Minister Shinzo Abe was reportedly able to reduce the country's debt his predecessors were not able to do so in the past 15 years.
A Reuters/Ipsos poll showed Americans were split on the issue of whether Obamacare should be linked to US government funding.
A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.
Saudi Arabia Central Bank Governor Fahad al-Mubarak remained confident that Washington would be able to resolve its political deadlock.
New EU rules had been set to be implemented in 2018 left investors uncertain of their next move. The European Commission had set a new framework for bank bailouts in July as taxpayers expressed outrage over using tax money to fund lenders in financial trouble.
The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.
The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.
Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.
