Japan's Aso warns of 'consequences' of US debt default
Japanese Finance Minister Taro Aso on Friday urged the United States to resolve political gridlock in Washington, warning of grim "consequences" for the global economy if it leads to a debt default.
US default could be 'catastrophic': Treasury
The US Treasury warned Thursday of a disastrous outcome if Congress's refusal to raise the country's borrowing ceiling forces it to default on obligations.
04 October 2013
Unemployment remains dark spot in Spanish economy
Spain's government sees light at the end of the tunnel with the end to a two-year recession but analysts warn joblessness will continue to weigh down the eurozone's fourth-largest economy.
Crude production at Kashagan to be resumed in a few daysCrude production was suspended September 25 due to some faults of the gas pipeline. According to first estimates, the repairs were supposed to take 3-4 days. However, oil production hasn’t been resumed yet.
Transport engineering emerges in KazakhstanTransport engineering has become one of Kazakhstan's industries thanks to the state-run Program of Accelerated Industrial-Innovative Development: Akhmetov.
02 October 2013
US economy faces hefty hit if government shuts downA US government shutdown would hit an economy struggling to sustain its post-crisis rebound, but experts say the impact will only be substantial if Washington's political paralysis lasts several weeks.