Fed 2015 Liftoff Still on Table; Unclean Diesel: Saturday Wrap

  • Three Fed board members make case for not waiting until 2016
  • VW foiled by researchers looking to promote clean diesel

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

Three Federal Reserve board members, in separate remarks, put a 2015 interest rate increase squarely on the table, countering most traders who after Thursday’s decision bet that rates won’t go up until next year. John Williams, who voted to maintain the status quo, said it was a close call, and nonvoting member James Bullard said he argued to raise rates -- along with the sole dissenter, Jeffrey Lacker.

Two researchers with a bias toward showing that “clean diesel” technology works turn out to have exposed Volkswagen AG’s installation of so-called defeat-device software on almost 500,000 diesel cars to cheat U.S. emissions-controls tests. The world’s second-biggest carmaker now faces billions in fines, possible jail time for its executives and the undoing of its U.S. expansion plans.

U.S. Republican presidential candidate Donald Trump flip-flopped on another issue -- this time, gun control. Meanwhile, his latest sparring partner, Carly Fiorina, enjoyed her post-debate bounce at a candidate forum in South Carolina, the first Southern primary state. Democratic activists in New Hampshire, the first primary state, demanded that their party’s chairman add more debates.

Puerto Rico’s main utility will be feeling the squeeze from its bond insurers, who won’t allow another extension of a forbearance agreement due to expire Oct. 1.

Denmark is preparing what may become the biggest initial public offering in the nation’s history -- possibly $11 billion -- in the sale of state utility Dong Energy.

Russia may raise taxes on oil to deal with its budget deficit.

Hungary is calling up military reservists to guard its borders against refugees. Canada agreed to speed up its resettlement of Syrians, saying it will take 10,000 within the next year.

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