New York Dusts Itself Off; China Banking Stress: Sunday Wrap

  • Libya’s try at renewing oil exports sunk by fighting
  • Raid on Aleppo further jeopardizes tenuous Syria cease-fire

Here are highlights of Sunday’s top breaking stories from around the world:

Whether it’s because New York has been there, done that; because no one was killed or seriously injured in Saturday night’s bombing; or because the explosion was in an odd location well away from major gathering points, the city may not see much out of the ordinary on Monday other than more visible security in subways and on the streets. And while the bombing does put terrorism back into a U.S. presidential campaign consumed recently by Hillary Clinton’s health issues and Donald Trump’s endgame on birtherism, the fact Trump was basically right in talking about a "bomb" hours before that was confirmed by authorities didn’t give Clinton much ground to call him reckless.

China’s credit to GDP gap, a key warning sign of banking stress, hit a new high in the first quarter, according to the quarterly Bank for International Settlements report. 

Saudi stocks fell almost 2 percent as Mideast trading opened for the week, with bank and financial stocks leading the decline.

OPEC’s secretary general said there could be a special meeting called if oil ministers can reach some consensus on markets at an informal gathering later this month.

Libya had to stop loading what would be the first overseas crude shipment from the port of Ras Lanuf since 2014 as rival forces fought for control of the facility.

Warplanes hit the besieged city of Aleppo for the first time since Russia and the U.S. negotiated their cease-fire in Syria’s civil war, adding still more stress to an agreement jeopardized Saturday when the U.S.-led coalition mistakenly bombed a Syrian military base.

Only about 15 heads of states showed up at the non-aligned nations conference hosted by Venezuela, prompting his opponents to say it was a demonstration of President Nicolas Maduro’s pariah status.

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