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 14:03
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.
Transport engineering emerges in Kazakhstan
Transport engineering has become one of Kazakhstan's industries thanks to the state-run Program of Accelerated Industrial-Innovative Development: Akhmetov.
02 October 2013 10:46
US economy faces hefty hit if government shuts down
A 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.
Romania gets 2 bn euro IMF standby aid
The International Monetary Fund approved Friday a standby loan of nearly two billion euros ($2.7 billion) to match a backup loan of the same size requested from the EU.