News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Fed's Yellen Defends Postcrisis Regulations in Jackson Hole

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Federal Reserve Chairwoman Janet Yellen defended the sweeping financial regulations enacted in the wake of the financial crisis that began a decade ago, while keeping the door open to modest changes to the postcrisis rules.

U.S. Curbs Venezuela's Access to Debt, Toughening Sanctions

The U.S. restricted the ability of Venezuela to tap American debt markets for funding, escalating an economic crackdown against Nicolás Maduro's government.

U.S. Stocks Rise, on Course for Weekly Gains

Stocks nudged higher, putting most bourses around the world on track for weekly gains.

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Business Investment Gains Renewed Momentum

Demand for long-lasting factory goods plunged in July, but a sharp drop in aircraft orders masked underlying signs of strength.

Oil Ticks Up as Hurricane Approaches Texas

Oil prices advanced, recouping some losses that had been driven by concern that a hurricane moving toward the U.S. gulf coast could lead to excess inventories.

Cleveland Fed's Mester Says She Supports Rate-Rise Campaign

Federal Reserve Bank of Cleveland President Loretta Mester said she supports continued rate rises, but offered little in the way of guidance about when the next increase might happen.

As Investors Think Taper, ECB Is Set to Buy More Bonds

Just as the European Central Bank gets ready to reduce its bond-buying, this massive player in global markets is set to buy more.

Markets Eye Debt Ceiling With Unease

Early signs of concern about the federal debt ceiling are creeping into the financial markets, as President Donald Trump pressured lawmakers over how to proceed on the issue.

Buyout Funds Have Money to Burn, and That's a Problem

Private equity has a $600 billion problem. The problem is how to spend it on deals, because company valuations are very high and buyout volumes have slipped since 2015.

Brazil's President Moves Ahead With Privatization Push

Brazilian President Michel Temer, who has avoided a trial over corruption charges, is using the reprieve to push ambitious privatization plans to rekindle economic growth and lower government spending.

(END) Dow Jones Newswires

August 25, 2017 15:15 ET (19:15 GMT)