Boeing Co. and union leaders met for a second time in two days after states offered billions of dollars in incentives for the planemaker to shift production of the newest 777 jet away from its Seattle commercial hub.
U.S. stocks fell the most in a month and Treasuries dropped on speculation the budget agreement will make the Federal Reserve more confident to reduce stimulus. Gasoline and oil slid while the yen and euro strengthened.
India’s government must create space for the central bank to cut the key interest rate and revive economic growth, according to Yashwant Sinha, a former finance minister with the main opposition party.
India can sell 386 billion rupees ($6.3 billion) of shares in companies such as Axis Bank Ltd. and Larsen & Toubro Ltd. by March as it seeks to narrow the budget deficit, the head of JPMorgan Chase & Co.’s local unit said.
The Philippines’ benchmark stock index sank to a three-month low and bonds fell on concern inflation will accelerate after regulators allowed the nation’s biggest power supplier to increase prices by a record. The peso weakened.