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A U.S. court ruling cleared the way for Argentina to pay its debts and return to global credit markets early next week, as a new president tries to turn the page on almost a decade and a half of messy defaults and litigation.

The Philippines denied Islamic State's claim that its militants killed dozens of government troops in ambushes, saying there is no evidence directly linking southern Muslim rebels to the group.

The Federal Reserve and Federal Deposit Insurance Corporation are now probing how the Wall Street Journal was able to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations.