Australia Sees IPO of Largest Health Insurer Tempting Investors

Australia sees strong investor interest in the initial public offering of Medibank Private Ltd., the country’s largest health insurer, as the government presses on with sales of state assets to cut a budget deficit.

As U.S. hits debt limit, business group urges Congress to raise it

WASHINGTON -- As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy.

Shutdown inflicted unnecessary damage to US economy: Barack Obama

WASHINGTON: President Barack Obama says the government shutdown ``inflicted unnecessary damage'' to the US economy and damaged America's credibility around the world.