Page 85 - Eco News Today

Stock markets in the Gulf ended in different directions on Monday after U.S. lawmakers reached a tentative agreement on the debt ceiling, while concerns about more Federal Reserve interest rate hikes weighed on sentiment.

A look at the day ahead in Asian markets from Jamie McGeever.

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate.

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday.

A deal reached to raise the U.S. federal government's $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday,

Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets.

Israel's competition watchdog sought more data on Sunday from the country's banks relating to an investigation, saying they were enjoying huge profits from higher interest rates on loans but weren't adequately sharing the benefits with customers.

U.S. Representative Chip Roy of Texas said on Sunday on Twitter that he intended to try to stop the debt ceiling deal in the U.S. House of Representatives.

The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, the Telegraph reported, as the cost of such essentials continued to rise in the double digits.

Raising the Czech National Bank's interest rates further would still make sense as it could serve as a signal that the central bank has not given up on its efforts to tame inflation, board member Tomas Holub said on Sunday.