About: Irene Wilson

“There is a general ‘risk-on’ attitude in the market place Thursday morning as there is some hope that Democrats and Republicans in the U.S. Congress can very soon agree on a budget/debt ceiling plan that would reopen the partially closed government and raise its borrowing limit,” said Kitco analysts in a note. The standoff thaw is...

Oil prices edged above $101 a barrel on Thursday on hopes that U.S. political leaders will find a deal to raise the debt ceiling and after the temporary abduction of the Libyan prime minister reminded investors of threats to crude supplies. By early afternoon in Europe, benchmark oil for November delivery was up 42 cents to...

(Reuters) - The dollar rose to a two-week high against major currencies on Thursday as optimism grew that lawmakers in Washington might reach a deal to avert a potential U.S. debt default. U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government's borrowing authority to buy time for negotiations on...

(Reuters) - U.S. stocks rallied strongly at the open on Thursday, with each of the major indexes climbing more than 1 percent, as investors were encouraged by signs of progress in fiscal negotiations in Washington. According to a Republican leadership aide, U.S. House Republicans are considering agreeing to a short-term increase in the government's borrowing authority,...