TPP Talks Extended; Air Strike Kills Aid Workers: Saturday Wrap

  • Canadian pension fund discussing investment in Cablevision
  • Fed governor bemoans lack of tools to foresee financial risks

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

The Fed’s leading dove, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota, said the U.S. central bank would have been “totally justified” if it had increased stimulus last month, adding that negative interest rates could be a useful policy tool. Federal Reserve Bank of New York President William Dudley said U.S. policy makers don’t have the tools to identify developing risks to financial stability and act in time to prevent future crises.

Trans-Pacific Partnership trade talks are being extended into Sunday, with the length of patent exclusivity on biologic drugs being the main remaining issue. TPP Ministers Extend Talks in Atlanta Until Oct. 4

At least 19 Doctors Without Borders volunteers and patients were killed in a U.S. air strike that hit a hospital in Afghanistan near the city that the Taliban seized control of earlier in the week. Doctors Without Borders said the bombing continued for half an hour after it contacted U.S. and Afghan personnel to plead with them to stop.

Canada Pension Plan Investment Board and private-equity firm BC Partners are in talks to acquire more than $1 billion in Cablevision Systems Corp. shares as part of Altice NV’s takeover of the U.S. cable provider.

Ford Motor Co. averted a strike at a U.S. factory that builds its profitable F-150 pickup when the United Auto Workers union reached a settlement with the company on a local contract.

The International Monetary Fund isn’t willing quite yet to give Ukraine the last $1.7 billion of its $17.5 billion in bailout money.

Hillary Clinton called on the U.S. Congress to pass the Federal Equality Act, which would outlaw discrimination against LGBT people in fields including housing, employment and public accommodation.

Australian police called a fatal shooting of a police worker by a 15-year-old boy outside Sydney “politically motivated” and linked to terrorism. The boy, who was shot and killed by police, was said to have had an Iraqi-Kurdish background.

Denis Healey, Britain’s chancellor of the exchequer during a period of economic turmoil and trade union unrest in the late 1970s who reportedly threatened to squeeze the rich “until the pips squeak,” died at 98.

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