Bank of Japan warns of severe global impact from U.S. fiscal standoff
A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery underway in the world's third-largest economy was threatened.
U.S. default seems unthinkable but investors have options
Investors who behave conventionally are likely to get burned if the political standoff over the federal budget and the debt ceiling ends up forcing the United States to default.
For China, Turkey missile deal a victory even if it doesn't happen
Turkey's $4 billion order for a Chinese missile defense system is a breakthrough for China in its bid to become a supplier of advanced weapons, even though opposition from Washington and NATO threatens to derail the deal.
Obama to cut short Asia trip as shutdown continues
President Barack Obama on Wednesday scaled down a long-planned trip to Asia, as a U.S. government shutdown entered a second day with no end in sight to the funding row in Congress that triggered it.
Afghan neighbor Tajikistan ratifies base deal with Russia
Tajikistan's parliament ratified a deal with Russia on Tuesday to extend by three decades Moscow's military presence in the volatile Central Asian nation, which may face new security threats after NATO troops leave neighbouring Afghanistan.
Turkey's Erdogan announces Kurdish reforms
Turkey's PM Recep Tayyip Erdogan has announced major political reforms, including new Kurdish rights and a reversal of the headscarf ban.
U.S., Russia agree on Syria U.N. chemical arms measure
Ending weeks of diplomatic deadlock, the United States and Russia agreed on Thursday on a U.N. Security Council draft resolution that would demand Syria give up its chemical arms, but does not threaten military force if it fails to comply.
Europe's plan to address weak banks risks unraveling
The European Central Bank's (ECB) plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial crisis behind it.
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