(Bloomberg) -- Emerging-market stocks rose for a fourth week as U.S. lawmakers negotiated a stimulus agreement. The rally was tempered by rising virus cases around the world as winter approaches in the Northern Hemisphere. Turkey’s central bank unexpectedly kept interest rates on hold, while Hungary’s policy makers also stood pat. China’s recovery from the coronavirus slump continued in the third quarter and showed signs of broadening in September, keeping the economy on track to be the world’s only major growth engine.The following is a roundup of emerging-market news and highlights for the week through Oct. 23:Highlights:U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin Friday put the onus on each other to re-energize flagging stimulus talks as the prospect for further virus relief legislation before the election fades fast.President Donald Trump and Democratic presidential candidate Joe Biden traded charges of secretly taking money from foreign interests, after the former vice president addressed head-on Trump’s efforts to portray him as corruptA top U.S. intelligence official said Iran and Russia are attempting to interfere with the presidential election, with Iran spreading false information to American votersChina’s gross domestic product expanded 4.9% in the third quarter from a year ago, missing economists’ forecast for 5.5% growth. Still, retail sales and industrial production gained momentum in SeptemberThe yuan advanced to the strongest since July 2018, testing China’s tolerance for gainsChina is going all out in remembrance of its participation against the U.S. in the Korean War, sending a message to Washington that it’s not intimidated by American military mightTurkey raised the upper band of its interest-rate corridor, but unexpectedly left its benchmark on hold, risking further volatility in the liraHungary’s central bank kept the interest on its most influential monetary-policy instrument at 0.75% for a third weekThai Prime Minister Prayuth Chan-Ocha ordered the withdrawal of the week-old state of emergency in the capital that barred large gatherings, in a bid to pacify pro-democracy protestersProtests against police brutality in Nigeria, now in their third week, have turned increasingly deadly after the authorities cracked down on the upheavalProtesters clashed with security forces, looted stores and burnt barricades in many Chilean cities on the first anniversary of an outbreak of social unrestZambia’s entered extra time in its bid to win debt relief from its Eurobond holders after a key group of investors representing 40% of the Eurobonds abstained from voting rather than outright rejecting its debt-standstill proposalCoronavirus cases are surging again in the U.S. and Europe. The seven-day average of U.S. deaths on Wednesday hit the highest in a month, while in Europe, governments have started deploying curfews and other restrictions more widelyCaught between their status as Latin America’s economic standout and growing internal outrage over inequality, Chileans start a process of self-definition on Sunday as they choose whether and how to draft a new constitutionArgentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goodsTwo of Argentina’s largest creditor groups excoriated the government for mismanaging the economy, saying the country was headed for disaster just seven weeks after restructuring $65 billion in debtAsia:The Asia-Pacific region is likely to see economic output remain below pre-pandemic trends over the medium term, even as China’s recovery leads the rest of the world, according to the International Monetary FundChina is preparing to grant additional quota for funds to invest in securities overseas, Caixin reported, a move that would allow more capital to flow out of the countryChina will likely post positive economic growth for the full year and the leverage ratio is expected to stabilize in 2021, the central bank governor saidOffshore loan volumes in the Greater China region rebounded in the third quarterIndia’s Prime Minister Narendra Modi appears to remain as popular as ever even as the country battles one of the world’s worst virus outbreaksSupport is growing within India’s government to formally start talks on a trade deal with TaiwanIndia will allow visitors, except tourists, to resume entryIndia’s government has set aside about 500 billion rupees ($6.8 billion) to vaccinate the country, according to people with knowledge of the matterIndia’s central bank got more bids for state-issued bonds than it offered to buy back, an early indication of demand at the first such auction, with authorities keen to keep yields in checkSouth Korea’s early trade data showed exports falling in October driven by fewer working days, while daily average shipments continued to recover on resilient tech demandThe nation plans monthly issuance of two-year bonds from JanuarySouth Korea will take market stabilizing measures in case of one-sided movements in the FX market, its finance minister saidThe central banks of South Korea and China renewed bilateral currency swap agreement and expanded it to 400 billion yuanThailand’s newly-appointed central bank governor signaled he’s against excessive use of monetary and fiscal policies to tackle crisesThailand’s key equities gauge tumbled to a six-month low on concern anti-government protests will hurt company earnings and delay an economic recoveryFinance Minister Arkhom Termpittayapaisith said Thailand will unveil more measures to boost liquidityIndonesia aims to start sovereign wealth fund operations early next year as part of efforts to develop a new business model to help drive growth, according to an officialThe country is considering to reopen its international borders to regular travelersInvestments in Indonesia rebounded in the third quarter as funds shift to islands outside of its economic center of JavaThe Philippines shortened curfew hours in Manila and eased the stay-at-home order in a bid to boost its economy. The country will also welcome back foreign nationals starting Nov. 1 and allow Filipino travelers to leave without Covid-19 antigen tests as the Southeast Asian nation continues to reopenThe government is watching the international market for its next issuance of dollar-denominated bondsFinance Secretary Carlos Dominguez said the economy is projected to shrink by 6% this year while a “strong rebound” is likely in 2021Malaysia’s United Malays National Organization party expressed its support for the government in a boost to Prime Minister Muhyiddin Yassin’s leadershipSri Lanka’s central bank kept borrowing costs unchanged for a second meetingEMEA:S&P Global Ratings Services cut its assessment of Zambia’s debt to selective default after the nation said it couldn’t meet payments and skipped a coupon on its EurobondsSouth Africa is recording a worrying increase in coronavirus infections, especially in the Western Cape province, according to Health Minister Zweli MkhizeIvory Coast’s ruling party said it will return to international capital markets to help fund a 62 trillion CFA franc ($111 billion) spending plan if President Alassane Ouattara wins re-election this monthOman will need further measures to keep its budget deficit in check, its Finance Ministry saidOman waded back into the international debt market for the first time in more than a year with a $2 billion bond sale after raising the possibility of assistance from its Gulf neighborsA burst of debt deals in the Gulf has pushed issuance to a record in the region as borrowers rush to shore up their oil-dependent budgets before the U.S. electionThe World Bank anticipates that economies in the Middle East and North Africa will contract more deeply than initially estimatedEmirates NBD PJSC braced for credit losses by more than doubling the amount of money set aside in provisions amid the coronavirus pandemic as it reported a 55% slump in its nine-month profitRussia and Saudi Arabia held a second phone call last week to discuss the OPEC+ agreement after officials from the group warned of the potential for a weaker oil market in 2021Russia doesn’t rule out delaying scheduled production hikes by the OPEC+ alliance, President Vladimir Putin saidRussia’s daily coronavirus mortality figures understate the real toll from the disease, according to a former employee of the Kremlin’s statistics agencyA Ukrainian bond offering was canceled for the second time this year, showing the country’s difficulties in overcoming investor concernsPolish government bond yields have fallen below zero, joining a small number of elite emerging markets in central and eastern Europe with the luxury of getting paid to borrowPoland’s new daily coronavirus cases rose to a recordThe Czech Republic registered a daily record of new Covid-19 cases, confirming the worst current outbreak of the disease in EuropeTurkey is sticking to its demands that the U.S. transfer missile technology and share production for Ankara following its purchase of a Russian air-defense system that has alarmed NATO partnersTurkey’s sovereign wealth fund postponed its debut Eurobond sale due to adverse market conditions that would have likely resulted in a higher cost than expectedThe Turkish central bank’s double-edged interest-rate decision left most analysts unconvincedThe Bank of Israel will buy 35 billion shekels ($10.4 billion) more in government bonds and provide cheap credit for small businesses to boost the economySaad Hariri returned as Lebanon’s prime minister, a year after stepping down in the face of nationwide protestsRomania reported a new daily record of Covid-19 cases and the most deaths since the start of the pandemicLatin America:Brazil’s President Jair Bolsonaro stepped up criticism of a Chinese vaccine being developed in partnership with a renowned research institute in his countryConsumer prices rose more than forecast in mid-October amid surging food costs, fueling bets the central bank may lift its key rate by early next yearEconomy Minister Paulo Guedes said he’s fighting to make it clear that the government won’t drop its spending capBrazil needs to spend less in order to induce growth, central bank President Roberto Campos Neto saidInvestors are giving up on Argentina just six weeks after it pulled off a $65 billion debt restructuringThe country is considering adjustments to its tax and social security structures as part of a plan to address economic imbalances, the Economy Minister saidArgentina’s parallel foreign exchange rate hit a record low; exports slowed last month while imports shot up amid the new currency controlsChile’s two-year credit default swaps fell to the lowest level since a wave of protests and riots started a year ago, even as the country braces for a constitutional referendumMexico’s President Andres Manuel Lopez Obrador said on Friday that the central bank needs to cut interest rates further to help reactivate the economy, even as a spike in inflation is slowing an easing cycle and may end it altogetherMexico’s inflation accelerated above the ceiling of its target range in the first half of October, cramping the central bank’s space for more rate cutsMexico reached a deal to supply water to the U.S. under a seven-decade-old treaty, ending an escalating conflictThe nation’s biggest economic risk is a second wave of Covid-19 infections and there should be more caution at the workplace to prevent that, Finance Minister Arturo Herrera saidColombia plans to present at least seven projects this year that can be financed using part of a $5 billion credit line with a U.S. development bank, according to its top diplomat in WashingtonPeru’s President Martin Vizcarra criticized a bid by a group of lawmakers to impeach him over bribery allegations, barely a month after an initial attempt to oust him over a separate graft caseThe government of Venezuelan President Nicolas Maduro is approaching some of the nation’s creditors in a bid to lay the groundwork for a debt deal should sanctions ease after next month’s U.S. electionAn influential Trump administration official secretly met with a representative of Maduro’s regime in Mexico City in September to try to negotiate the Venezuelan leader’s peaceful exit from powerThe market for bonds sold by Venezuela’s state-owned oil company could finally be awakening from a months-long slumberSuriname plans to use the 30-day grace period on a coupon payment due Oct. 26, giving it more time to work with external creditors(An earlier version corrected the time stamp to say 4:20 p.m. in New York)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.