Investors
US default to bring catastrophe to not only the US but the world economy
A default would bring catastrophic results to the world economy. The world is anticipating the showdown on Capitol Hill over the US federal budget and debt ceiling.
US hedge funds invests heavily in Greek banks
The Financial Times reported that US hedge funds had been aggressively investing in the struggling banking sector of Greece.
US moves closer to default possibility
The United States of America had moved closer to reaching a first ever default on the nation's debt after House Speaker John Boehner ruled out a straightforward bill to increase the country's borrowing limits without approval from the US President, said The Economic Times report.
Bank of Korea in need of governor successor
After the end of Bank of Korea's governor term, the central bank would need a new head that has strong global focus and a firm grip on international economics, said a presidential adviser.