Federal Reserve Bank of St. Louis President Alberto Musalem said he expects the US economy to bounce back strongly early next year, underscoring the need for officials to approach additional interest-rate cuts with caution.
Oil rose as a push to end the US government shutdown buoyed wider markets, with crude traders also looking toward a data-heavy week that will yield insights into whether a long-awaited global surplus is forming.
Wall Street traders rushed to the riskiest corners of the market, with stocks climbing alongside Bitcoin as the US Senate advanced a plan to end the longest-ever government shutdown and remove a significant economic headwind. Bonds edged lower.
Senegal's Prime Minister Ousmane Sonko voiced opposition to a proposed restructuring of the country's debt, signaling the government's determination to maintain financial sovereignty and preserve market access.
Visa and Mastercard are close to settling a 20-year legal spat with merchants, the Wall Street Journal reported, citing unidentified people familiar with the matter.
SSE Plc is exploring funding options, including a share sale that could raise billions of pounds, as the utility seeks capital to meet a grid spending boost, according to people familiar with the matter.
Economy Minister Luis Caputo told investors in New York that Argentina plans to buy back sovereign bonds and start accumulating foreign reserves even while the peso trades within its band, according to people with direct knowledge of the matter.
Vietnam's economy must grow at least 8.4% in the final quarter of the year if the nation is to meet the government's 2025 target of more than 8% expansion, Prime Minister Pham Minh Chinh said Saturday.