US

The US Congress has passed a bill to reopen the government and raise the federal debt limit, with just hours to spare before the nation risked default.

Fitch has become the first ratings agency to threaten a US credit ratings downgrade over the latest debt ceiling impasse.

The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession.

American tracker funds were the preferred choice among Nucleus members in the third quarter, with the HSBC American Index emerging as the fastest growing fund on the platform.

TOP PERFORMERS

US President Barack Obama will nominate Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank on Wednesday, according to a White House official.

WEALTH MANAGEMENT

UK shares had a shaky start to the week as negotiations over the US debt ceiling continue to drag on.

QUIZ

Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.