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Niigata, Japan, May 12 (EFE).- Bank digitization and the evolution of supply chains was the main focus Friday of debates as G7 countries’ finance ministers and central bank governors met in the Japanese city of Niigata for a second day. The first session began promptly at 09:03am local time (00:03 GMT) Friday at the Toki …
The possibility of the U.S. government defaulting on its debt could cause repercussions in Korea and seriously dent its efforts for economic recovery, even though the chances of that happening are slim, according to analysts in Seoul, Friday. The experts noted that the Korean financial market is highly influenced by the U.S. economy and a failure in raising the U.S. debt ceiling could undermine the value of stocks, bonds, currency and other financial instruments in Seoul.
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U.S. Treasury Secretary Janet Yellen reiterated on Friday that failure by Congress to raise the $31.4-trillion debt limit would result in economic and financial catastrophe
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