World Week Ahead Deal or no deal for Greece

Sun, 25 Nov 2012

By Margreet Dietz Nov. 26 (BusinessDesk) – Two deals might help extend last week's momentum on equity markets in the US and Europe -- one that helps the US avoid its fiscal cliff and a second that would end the immediate threat of Greece defaulting on its debt. Optimism was fuelled on both fronts last week, though the timing for an agreement by US lawmakers on preventing automatic tax increases and spending cuts worth about US$607 billion set to kick in on January 1 remains more open-ended. Officials from the White House and Congress will re...

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