Scalia Death Reorders Court; The `New Cold War': Saturday Wrap

  • No reason yuan should keep falling, China bank governor says
  • No bombshells in latest dump of Hillary Clinton e-mails

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

The sudden death of U.S. Supreme Court Associate Justice Antonin Scalia, the fiery leader of the strict-constructionist wing on a court that often decides cases 5-4, throws into question the fate of numerous critical cases as well as whether President Barack Obama could get any replacement through the Republican-led Senate with the U.S. election nine months away. 

China’s central bank governor, speaking ahead of the reopening of markets after a week-long holiday, said there was no reason the yuan should still be depreciating and dismissed speculation about looming capital controls.

Russia’s prime minister declared there is a “new Cold War” with the West, and as if to prove his point, the agreement between his nation and the U.S. to secure a cease fire in Syria’s civil war started to fray a day after it was reached.

The latest round of released e-mails from the private account that Hillary Clinton used for government business as secretary of state contained no bombshells, though there were 84 documents retroactively classified at some level. None was rated top secret, as 22 others were in the last round of releases.

Sweden’s financial regulator has been called on to investigate allegedly suspicious transactions by Michael Wolf, who was fired as CEO of Swedbank earlier in the week. The bank’s chairman said a whistle-blower highlighted the transactions, though Wolf said he himself had pointed them out.

India’s central bank governor said some depreciation in the rupee is necessary to tame inflation but there’s no ongoing effort to push the currency lower.

BAE Systems, the U.K.-based defense contracting giant, is about to hire a CEO heir-apparent from outside.

Add Ikea, the iconic Swedish home-goods retailer, to the list of big corporations that have used loopholes to avoid paying billions in dollars in taxes to the EU, according to the EU Green Party.

It’s doubtful you’d see Janet Yellen go out in public in a shirt emblazoned with a hashtag and a picture of a mosquito crossed out. But that’s what the head of Brazil’s central bank and President Dilma Rousseff did as they went on a public relations offensive to convince Brazilians to get rid of standing water on their properties to help combat the Zika virus.

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