Backlash Over Trump Remarks; Saudis’ Liquidity Push: Sunday Wrap

  • Putin becomes a focus of U.S. presidential-campaign rhetoric
  • Damon-led ‘Bourne’ beats estimates to win box office in debut

Here are highlights of Sunday’s top breaking news stories around the world.

Donald Trump doubled down rather than backing down in his sparring with the parents of Humayan Khan, the Muslim U.S. Army captain killed in Iraq in 2004. Trump renewed his war of words with Khazir Khan and his wife, Ghazala, while facing fresh scorn from Democrats and oblique criticism from Congress’s top two Republican leaders.

Saudi Arabia’s central bank offered lenders about $4.4 billion in short-term loans in late June to help ease liquidity constraints, people familiar with the matter said. The move may help banks deal with a cash squeeze as the government withdraws deposits and sells local-currency debt to fund the budget deficit.

Whether he wants to or not, Vladimir Putin is taking a central role in the U.S. presidential campaign. Democrat Hillary Clinton attacked Donald Trump over his embrace of the Russian president, while Trump backtracked on claims made in 2013 about having “a relationship” with Putin. U.S. ties to Russia are in focus after Russia was implicated in the hacking of Democratic Party computers.

“Jason Bourne,” the latest installment of the action franchise featuring a returning Matt Damon, beat box-office revenue estimates and finished No. 1 in its debut in the U.S. and Canada, generating $60 million in sales for theaters and Comcast Corp.’s Universal Pictures.

Tunisia, the birthplace of the Arab Spring democracy movement, is embarking again on forming a new government after lawmakers fired Prime Minister Habib Essid. His ouster sets the stage for negotiations to begin on Monday in the North African nation.

Democracy also is getting a test in the Democratic Republic of Congo, which has never had a transfer of power decided by the people. Tens of thousands of demonstrators marched in Kinshasa to demand that President Joseph Kabila call elections and step down later this year as scheduled.

Aramex PJSC, the Dubai-based logistics company, rose for an 11th day while stock markets across the Persian Gulf region languished. Saudi Arabian equities are mired in their longest losing streak since 2012.

Saudi Aramco, the world’s largest oil exporter, lowered the pricing terms for Arab Light sold to Asia by the most in 10 months as refineries grapple with falling margins and oversupply. In the company’s home market of Saudi Arabia, crude consumption is rising at the slowest pace in at least six years.

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