Katie Holliday is a Writer with CNBC.com, covering a range of topics including global macro-economic news, market developments and corporate news. Before joining CNBC, Katie was a senior asset management correspondent at Investment Week in London. Katie holds a Bachelor's degree in English Literature from Southampton University.
The chief of the IMF, Christine Lagarde, weighed in on the U.S. debt ceiling dilemma, warning that 'creative accounting' would not be the solution.
Singapore-listed food and beverage company Del Monte Pacific has acquired U.S.-based Del Monte Foods Consumer Products for $1.675 billion.
The market is just too dangerous to trade amid the political stalemate in Washington, analysts told CNBC.
Investors have grown increasingly nervous about a U.S. debt default, with one analyst describing a potential default as a 'neon swan' event.