Preparing for U.S. default

Insight: Wall Street, companies brace for U.S. default ‎Reuters - Emily Flitter - Jennifer Ablan For investors it is all about hedging risk to a greater extent than normal, which means assets that will retain their value if the dollar, US stocks and US ...

IMF wins key battle with Europe on debt ‎Irish Independent The real threat to stability is contagion to Italy and Spain, ... would respond this way to a financial crisis and indeed both have already done so. ... Video: Close up: have euro zone leaders saved the euro?   euronews In-Depth: Eurozone debt crisis: Europe's politicians will be punished for a ...‎ Telegraph.co.uk Euro debt trouble: Another Greek bailout‎ Washington Times Washington Post (blog) - istockAnalyst.com (press release)

Default Seen as Unlikely, but Markets Prepare ‎New York Times - Binyamin Appelbaum - Eric Dash - 12 hours ago “Every day without an agreement increases the risk of default,” said Ward McCarthy, chief financial economist at Jefferies & Company. ...

Even now, the European project remains a noble one. Let's join in ‎The Guardian  The euro, confidently predicted by almost every British analyst and ..... Not forgetting though that theIMF is merely a pawn of those investors too and ... International: The euro bail-out is a conspiracy against democracy‎ Telegraph.co.uk Opinion: Ed Balls: British jobs depend on the Greek rescue plan's success‎ The Independent

US draws closer to budget default ‎The National - Omar Karmi WASHINGTON // US budget negotiations remained gridlocked yesterday as an August 2 deadline to raise the debt ceiling before a US default creeps ever closer. ... Video: Obama calls emergency talks with top lawmakers   euronews In-Depth: A tense White House meeting as clock ticks toward default‎ The Hill Blog: Obama: Congress Must “Do Its Job” on Debt Ceiling‎ Voice of America (blog) Telegraph.co.uk (blog) - Vanguard

Europe wrongly blames Bush for financial crisis ‎Kansas City Star - Rachel Marsden  ... is that if Barack Obama is now in a position of having to raise the debt ceiling or face default, the crisis can only be traced back to George W. Bush. ...

Greek default shouldn't cause bond insurance claim ‎BusinessWeek A trade organization dealing in financial derivatives says a new rescue deal for Greece should not trigger payment of default insurance -- easing a key ... Video: Voluntary private sector help may not avoid Greek default   Reuters Video Greece facing restricted default‎ New York Post Greece's 'default' to be brief‎ Montreal Gazette

China, with much to lose, largely silent on debt talks ‎Washington Post - Keith B. Richburg - 12 hours ago SHANGHAI — As the largest foreign holder of US dollar debt, China has much to lose in the event of an American default. ...

Rupee up as euro rallies on Greece deal ‎Moneycontrol.com - Aditya Phatak - Malini Menon - 22 hours ago The euro rallied to a two-week high against the dollar in Asia on Friday after ... over how much progress Washington is making to avoid a US default. ... Opinion: Forgive them, they have 'little' choice‎ gulfnews.com

France's Baroin Says Euro Plan Won't Hurt Deficit, Monde Reports ‎Bloomberg - Helene Fouquet - 15 hours ago French Finance Minister Francois Baroin said the euro aid plan decided last week will not have an impact on ...