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.
EU preparing to charge Gazprom in antitrust case
EU regulators are preparing to charge Russian gas export monopoly Gazprom with abusing its dominant position in central and eastern Europe, the EU's antitrust chief said on Thursday, in a move that could lead to a fine of up to $15 billion.
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.
Turkey questions its EU future as Brussels looks to Balkans
Turkey has been trying for years to join the European Union, presenting itself as a growing economic and political power and a bridge to Asian and Middle Eastern markets.
NATO Concerned Over Russia-Georgia Boundary
NATO Secretary-General Anders Fogh Rasmussen has called on Russia to reverse its recognition of Georgia's breakaway regions of Abkhazia and South Ossetia.
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.
Israel Won't Allow Iran To Get Nuclear Bomb
Prime Minister Benjamin Netanyahu says Israel will not allow Iran to develop nuclear weapons, even it has to stand alone against the threat.
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