Analysis-Despite chaos and risk, Washington sticks with its debt ceiling

By Andy Sullivan WASHINGTON (Reuters) – The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit. That’s not likely to happen any time soon. Though the showdown unnerved investors and prompted threats of…

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Pakistan outlines process for barter trade with Afghanistan, Iran, Russia

By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. Left with barely enough foreign exchange reserves to cover one month’s imports, Pakistan’s government is…

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