Economics

• Treasuries Slip on Inflation Worry as Energy Costs Stay High
  Treasuries slipped at the end of the week as still-elevated energy costs stoked concern about inflation and backed expectations for further Federal Reserve interest-rate increases.
• Russia Budget Spending Rises 14.5% in First Nine Months of Year
  Russia’s federal budget spending increased 14.5% in the first nine months of the year amid the Kremlin’s intensifying war on Ukraine.
• Stuck in Russia, Western Businesses Risk It All Trying to Exit
• Trump Says Putin Agreed to Release Diesel Into Global Market
  President Donald Trump said Russian leader Vladimir Putin had agreed to release diesel supplies into the global market, as the administration looks to tame price hikes for the critical fuel.
• Iran Protects Capacity to Build Missiles as Trump Pauses Strikes
  Iran has managed to preserve its missile and drone factories despite months of US and Israeli bombing, officials familiar with the matter said, allowing it to replenish its arsenals while President Donald Trump holds off on strikes ahead of the midterm elections.
• Katie Zacharia to Be Named New White House Press Secretary
  Conservative commentator Katie Zacharia has been tapped to be President Donald Trump’s press secretary, according to people familiar with the matter.
• Morocco to Propose New Migration Control Deal After Ceuta Crisis
  Morocco plans to propose a new pact with the European Union on migration controls after a surge of illegal crossings into the Spanish exclave of Ceuta in late July ignited a crisis between the two Mediterranean neighbors.
• Why Southeast Asia’s Haze Crisis Is So Bad This Year
  Several Southeast Asian countries have been blanketed for weeks in toxic haze spewing from forest fires in Indonesia. Cases of respiratory illnesses have soared, schools have been closed and flights canceled. Governments are under pressure to step up and coordinate a response to what’s shaping up to be the worst such episode in more than a decade.
• How a UPS Blunder Sent US Fighter Jet Parts to China
  The US defense industry’s use of commercial freight companies is facing scrutiny after a shipment diverted to Hong Kong by United Parcel Service Inc. resulted in potentially sensitive F-35 stealth jet parts falling into the hands of the Chinese government.
• Why India’s Voter Roll Overhaul Is So Controversial
  India is in the middle of a massive exercise to revise its electoral rolls by removing dead, duplicate and ineligible voters. But concerns that eligible voters could also be struck off the rolls — potentially affecting election outcomes — have turned the Special Intensive Revision, or SIR, into a politically charged controversy.
• How Conflict in Ethiopia Poses Another Threat to Red Sea Shipping
  Ethiopia is on a precipice, with rival armed forces mobilizing across the country, old alliances fracturing and clashes intensifying.
• Bearish Bond Narrative Has Gone Too Far, Deutsche Bank Says
  The swing to deeply-negative sentiment on fixed-income assets this year has gone too far, with the market underpricing the risk of an artificial-intelligence blowup that triggers a rush into bonds, according to Deutsche Bank AG’s George Saravelos.
• Russia’s Above Target Inflation Clouds Path for New Rate Cuts
  Russian inflation remained stubbornly above the central bank’s target, further clouding prospects for a resumption of interest rate cuts as policymakers weigh the impact of an increase in regulated tariffs.
• French Education Firm Seeks to Refinance About €700 Million Debt
  French private school operator Omnes Education is looking to refinance around €700 million ($785 million) of debt, according to a person familiar with the matter, an effort that will play out against the backdrop of the most serious student unrest in the country in years.
• China’s Oil Imports Look Set to Rise as Supertanker Fleet Swells
  China is poised to increase oil imports through early January, with ship-tracking data showing the largest fleet of supertankers heading to the country since the start of the Iran war.
• Krugman Says France Poses Risk of Explosive European Debt Crisis
  Nobel Prize-winning economist Paul Krugman warned that France’s deteriorating public finances are on an “unsustainble path” and at risk of unleashing a debt crisis across the euro area.
• Aramco to Supply Full Oil Volumes to Europe Customers Next Month
  Saudi Aramco has told European oil refiners it will provide them with all the crude they asked for in November after the kingdom’s key cross-country pipeline resumed operation following attacks, offering relief to customers who’ve been forced to find alternative supplies.
• Once-in-a-Career Moves Stun Traders in Brazil Vote Frenzy
  As Brazilian markets opened for business on Monday, Pradeep Kumar watched a move unfold on his screen that was unlike anything he’d encountered in his two decades trading the country’s assets.