Belgium Locked Down; Fed's `Mechanical' Aversion: Saturday Wrap

  • Debt-laden Puerto Rico pitches exchange offer to bondholders
  • `Hunger Games' sequel falls short of early sales projections

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

Belgium was quiet into the overnight hours after the country was virtually shut down, with authorities saying they had precise information that a terrorist attack like the one in Paris was imminent.

Federal Reserve Governor John Williams said the U.S. central bank doesn’t want to start signaling a “very mechanical” course of raising interest rates if it begins doing so in December.

Puerto Rico, the U.S. commonwealth that has said it can’t sustain its $70 billion debt load, is preparing to make an exchange offer to its creditors that would swap a single new bond for their debts -- though it could take months for such a deal to come together if at all.

The new “Hunger Games” sequel is falling well short of box-office estimates in its first few days in theaters.

Southeast Asia’s largest container shipping line, Neptune Orient Lines, confirmed that it’s in exclusive talks with France’s CMA CGM, the world’s third-largest shipper.

Iran wants to be able to increase crude oil production within OPEC’s ceilings.

Greece will get the first tranche of the money it needs to recapitalize its banks, though Prime Minister Alexis Tsipras is paying a political price to get to that point.

Detroit’s Big Three automakers have labor peace after the United Auto Workers union narrowly approved contracts with General Motors Co. and Ford Motor Co.

U.S. President Barack Obama vowed terrorists won’t have a safe haven as he condemned Friday’s attack in Mali, while Malaysia Prime Minister Najib Razak called for new solutions to tackle religious extremism.

FIFA ethics investigators probing allegations of corruption are recommending sanctions against world soccer boss Sepp Blatter and the sport’s European head, Michel Platini.

Former South Korean President Kim Young Sam, who ended decades of military rule and accepted a massive international bailout during the 1997-1998 Asian financial crisis, died at 87.

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