Morning Edition · Tuesday, October 13, 2026
Macro
IMF warns top economies face their biggest budget deficits since Covid as funding stress reaches US short-term markets
Rising sales of Treasury bills are pushing up short-term US lending rates. Government borrowing is now straining the overnight funding market the Federal Reserve controls, not only the market for long-term bonds.
Tech
Chinese memory maker CXMT's chip design advance drives Korea's KOSPI below 6,000 and triggers a trading curb
Samsung Electronics and SK Hynix fell more than 7% after CXMT said it will ship server memory chips built on a denser cell design that the two companies are still developing.
Geopolitics
Riyadh's main airport stays closed as Saudi Arabia vows a "serious" response to Houthi missile strikes
Saudi forces intercepted three more ballistic missiles on Monday, US aviation regulators warned airlines about Saudi airspace, and Iran offered to help broker talks.
Markets
Brent slips to $105 as Trump's Russian diesel deal offsets Gulf supply fears
A bipartisan group of senators says the deal breaks the 2022 ban on Russian energy imports, even as the promise of 800,000 tons of Russian diesel pulls prices back from a four-week high.
Markets
Gold holds near $4,170 and bitcoin rebounds above $83,000 as traders weigh the risk of a December Fed hike
Gold exchange-traded funds drew unusually heavy inflows even as a firm dollar held prices down, and Moscow's stock exchange is testing direct bitcoin trading.
Macro
IMF sets world growth at 3.1% and says a shrinking group of AI-linked economies now carries the expansion
The fund raised India's forecast to 7% and cut Argentina's to 2.1%, while oil-importing emerging economies slow to 3.7% growth because energy averages $96 a barrel this year.
Geopolitics
Trump says Russia and Ukraine agreed to stop striking energy sites, but neither government confirms it and the attacks continue
Kyiv says it had no prior notice of the truce, the Kremlin says only that "contacts continue," and drone strikes on Yandex data centers have disrupted payments across Russia.
Geopolitics
French Navy seizes sanctioned Russian-linked tanker 450 miles from Réunion in the Indian Ocean
The DF Peak, formerly named Kaliningrad, was sailing under a false Benin flag, and Paris acted in the same week that Washington eased sanctions to import Russian diesel.
Macro
India's central bank sells dollars directly to state oil companies as the rupee nears its record low
The Reserve Bank of India spent about $51 billion of reserves in four weeks and cut the limit on speculative currency positions from $100 million to $5 million, while inflation nears the top of its target band.
World
Lula rallies in São Paulo and Rio as polls show Flávio Bolsonaro leading Brazil's October 25 runoff
Datafolha's first runoff poll gives the senator 52% of valid votes to Lula's 48%, and the real gained about 4% in the week after the first round as markets priced a more conservative Congress.
World
India's opposition marches on the Supreme Court as protests over the voter-roll purge spread despite mass detentions
Kerala's assembly became the first state legislature to pass a resolution seeking the removal of Chief Election Commissioner Gyanesh Kumar after a roll revision that critics say has removed more than 130 million names.
Geopolitics
Air strikes on a Sudanese gold mine near the Egyptian border kill at least 72, and rights groups blame Egypt
Videos showed what appeared to be Egyptian munitions at a mining site hundreds of miles from Sudan's civil-war front lines, and Cairo has not commented.