Articles
-
Fiscal Cliff: Differences Remain As Deadline Looms
European stock markets have opened nervously as the clock ticks down to a New Year deadline for a deal to prevent the US falling over the ‘fiscal cliff’.
A series of costly tax rises and spending cuts kick come into force as 2013 begins in America, unless Congress and the White House can agree measures to stop them being implemented.
The ‘fiscal cliff’, as it came to be known, was designed to help tackle the country’s huge debt pile in the event squabbling politicians could not do a deal beforehand to ease the burden.
The fiscal cliff worries investors as economists fear the pain of implementing them will tip the US back into recession and therefore hit world demand and growth prospects.
In London, the FTSE 100 opened 0.4% lower at the start of a trading day that will see the market close at 12:30 GMT because of the New Year holiday.
Read full article
-
Authorized Person for MEX NEPAL
Mob: +977 9856030634 -
Biratnagar Branch Manager
Mob: +977 9852033934 -
Our Clearing Member
-
Our Banking Partners
-
-
-
