Standing Down on Devaluation, Fed Better Be Right: Saturday Wrap

Here are highlights of today’s top breaking-news stories from around the world:

Finance leaders of the Group of 20 nations persuaded China to join an agreement not to race to the bottom on devaluing their currencies -- a step the Chinese took last month.

The U.S. Federal Reserve had better be sure that the labor picture and inflation are strong enough to justify raising interest rates, because there’s no going back once it takes that step, International Monetary Fund Managing Director Christine Lagarde said.

China’s stock-market volatility is “pretty close to the end,” a central bank official said.

Brazil’s finance minister, Joaquim Levy, said he hasn’t even discussed resigning as doubts persist that President Dilma Rousseff will accept austerity measures he says are needed.

Germany took in thousands of Syrian and other refugees who streamed over the border with Hungary, where they’d been marooned and beaten in some cases, in what it called an “exception” to European rules. Finance Minister Wolfgang Schueble said he’ll propose a supplementary budget to cover the expense of taking in the refugees, utilizing this year’s higher-than-expected tax collections.

Hillary Clinton stepped up her criticism of Republican presidential rivals on women’s issues, lampooning Donald Trump’s “I cherish women” comment and saying his GOP competitors are “Trump without the pizazz or the hair.”

Former Greek Finance Minister Yanis Varoufakis would love to be called on to join a future government -- with one big “if.”

A Saudi-led military coalition bombed Yemen’s Houthi rebels’ positions across the country hours after pledging that Friday’s killing of more than 50 Gulf Arab soldiers won’t undermine efforts to crush the Shiite group.

Total SA’s general manager in Angola warned that oil companies may leave what is now Africa’s largest producing country because of low crude prices and costly environmental regulations.

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