Deal paves way for raising taxes for individuals earning more than $400,00 and couples getting over $450,00, while retaining unemployment benefits.
FTSE 100 dips in final half day of trading as global investors eye 11th-hour meeting in Washington.
M&A activity declines in 2012 due to global economic uncertainty.
Most of the Asian bourses post annual gains as the year 2012 comes to a close.
Domestic demand, rather than exports, driving Chinese growth.
Democrats and Republicans still sharply divided over tax hikes.
Prime Minister says Britons can look forward to 2013 with 'realism and optimism'.
Analysts fear panic if no deal is reached on debt ceiling and tax increases.
Government to redraft bill and submit it again to raise tax rate.
Falling house prices and increased availability of finance drive 12 per cent annual rise in first-time buyers.
As Obama exudes some hope, efforts on to find middle ground.
Bob Diamond is biggest to leave post but 2012 had fair share of top-flight resignations.
Egerton Crescent, near Harrods, costliest street in UK at £8.1m.
Economists puzzled by rising jobs despite sluggish economic growth.
Industrial output in November declines 1.7 percent and consumer prices fall 0.1 percent.
Search begins for replacement as acting CEO Simon Scott rules himself out of the running.
Barack Obama set to meet congressional leaders at White House as optimism wanes and deadline looms.
Treasury Secretary's warning on debt ceiling adds further concern to investor's holiday list
US president returns early from Hawaii for emergency talks on how to break deadlock with Republicans.
From the Crystal Meth Fiscal Cliff to the Shareholder Spring to the London Whale Tempest in a Teapot, the year's biggest stories began with a quote. Here are ten of the best.
South Korea lowers 2013 growth forecast to 3 percent from 4.3 percent.
Toyota will pay record sum to US customers over vehicle defects.
US President Barack Obama had cut short his Christmas holiday in Hawaii to resume talks in Washington over how to avoid the 'fiscal cliff'.
Rising profits point to Chinese economic rebound in fourth quarter.
'Super material' seen to have immense commercial possibilities.
Emerging economies such as India and Russia to surpass Britain by 2020.
Harrods to offer discounts of up to 70% in once-a-year in-store bargain sale.
Transport for London looks to minimise hardship with extra bus services and suspension of congestion and parking charges.
Germany flexes muscles and France strangely compliant: the world looks at the EU's coming implosion with relief, argues Martin Cole.
Britain's FTSE 100 ends little changed amid thin volumes at home, closed markets around Europe as investors await last-minute budget deal in Washington