World Week Ahead Showdown or shutdown

Sun, 29 Sep 2013

By Margreet Dietz Sept. 30 (BusinessDesk) – All eyes are on the partisan political brinkmanship in the US Congress as the deadline for a budget deal to avert a government shutdown at midnight on Monday in Washington is closing in rapidly. While there is still optimism for an agreement, investors realise that it ain't over till the fat lady sings. Last week, the Standard & Poor’s 500 Index suffered its first weekly decline since August, shedding 1.1 percent. The Dow Jones Industrial Average dropped 1.3 percent. The Nasdaq Composite Index eked...

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