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.
In a stellar month for the hedge fund industry, Asian hedge funds outperformed, a report from Eurekahedge has showed.
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.