Inflation Views, Sanders and Clinton: Saturday Wrap

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

Leaders of the U.S. Federal Reserve, European Central Bank and Bank of England agreed at the annual central bankers’ summit in Jackson Hole, Wyoming, that inflation is going to head higher. Vice Chairman Stanley Fischer reiterated that the Fed shouldn’t wait until inflation is back to its 2 percent target before raising interest rates.

A new Bloomberg Politics/Des Moines Register poll shows Bernie Sanders closing to within 7 percentage points of Hillary Clinton among Democrats in Iowa. She was 41 points ahead in the last poll in May. Similarly, retired neurosurgeon Ben Carson is closing in on Republican frontrunner Donald Trump, with Jeb Bush polling just sixth.

Chinese local-government debt rose 34 percent in the year ending in June.

Thai police arrested a foreign man in connection with the explosion in central Bangkok almost two weeks ago, though it wasn’t clear whether authorities believe he was the main actor.

Greece’s Alexis Tsipras started the election campaign by saying the parties he’d probably need with him to form a new government represent old cronyism.

European transport and interior ministers agreed to look at putting passenger names on international train tickets and will increase spot security checks and information sharing, following the thwarted attack in Belgium.

Former billionaire Eike Batista’s onetime commodities empire in Brazil was further reduced with the sale of his iron-ore assets.

Turkey bombed Islamic State targets for the first time as part of the U.S.-led coalition.

German Chancellor Angela Merkel and French President Francois Hollande, in their first discussions since June with Russian President Vladimir Putin, warned him that any elections held in eastern Ukraine must conform to that country’s laws.

The Canadian oil-sands unit of China’s Cnooc was ordered by regulators to suspend pipeline operations.

Tropical Storm Erika came apart over Hispanola after killing at least 20 people in Dominica and causing damage that the prime minister of the tiny Caribbean island said will take 20 years to repair. Category 4 hurricane Ignacio headed toward possible landfall in Hawaii on Monday.

Islamic State is issuing its own money -- gold coins made with metal it looted.

(Corrects spelling of Eike Batista in eighth paragraph.)

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