More Emerging Markets Fallout, Kim Backs Down: Saturday Wrap

Here are highlights of the top breaking-news stories from around the world on Saturday:

The prime minister of Kazakhstan, which helped set off Friday’s plunge in world markets by allowing its currency to float freely, predicted in an exclusive interview with Bloomberg News that most oil-producing countries will end up doing the same thing.

The largest Korea exchange traded fund had its biggest outflow of funds this past week in 15 years, another reflection of how strongly investors have reacted to economic pressures in emerging markets.

Top aides to the leaders of North and South Korea took a break after all-night talks and will resume this afternoon local time. North Korean leader Kim Jong-Un’s deadline for South Korea to stop broadcasting propaganda across the demilitarized zone, or else, came and went.

The suspense around whether U.S. Vice President Joe Biden will run for president spiked when he made an unscheduled trip to Washington to meet with Senator Elizabeth Warren, the liberal icon who resisted calls to enter the race herself.

Police interrogated the suspected radical Islamist whose attempted attack on a Paris-bound train was thwarted by two U.S. service members on leave, helped by their friend and a British businessman. The four men were recognized for heroism at a ceremony where they told how they made the snap decision to tackle, beat up and restrain the gunman before he could fire multiple shots.

A Brazilian judge asked federal police and prosecutors to investigate whether President Dilma Rousseff’s party took illegal indirect campaign contributions from state-owned oil giant Petrobras, saying there were “signs of electoral offenses and prosecutable crimes.”

Venezuela declared a state of emergency along the border with Colombia after an attack on soldiers conducting an anti-smuggling operation. President Nicolas Maduro, in a Saturday televised address, pledged not to open the border unless “attacks on our economy” stop.

Guatemala’s government appeared on the verge of collapse, two weeks before an election, with the resignations of the economy and education ministers. They came a day after the country’s former vice president was detained on corruption charges, and prosecutors said they wanted to investigate President Otto Perez Molina as well.

Pope Francis’s financial czar said the Vatican needs to be more honest and transparent about its finances or risk more attacks over financial irregularities.

Riots broke out in Lebanon over mountains of trash that have piled up in the streets since the government closed Beirut’s only landfill without having a replacement.

Toyota Motor Corp. will have to keep its biggest source of production in China closed at least through Aug. 26, two weeks after the deadly Tianjin explosions, because it’s still not safe to work there. The automaker also said about 4,700 vehicles were damaged.

Caesars Entertainment Corp. said it reached a deal with the most senior lenders to its bankrupt unit, allowing the casino operator to focus on getting support from the last major group holding out on its restructuring plan.

New Jersey Governor and Republican presidential candidate Chris Christie was heckled and interrupted by animal rights protesters during an appearance at the Iowa State Fair. One needn’t say more than that one man “held up a corn dog in a sexually explicit way.”

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