* The Office of Personnel Management has offered advice to federal workers who have been furloughed due to the partial shutdown of the U.S. government on how to deal to with creditors and mortgage companies.
* The Securities and Exchange Commission is operating with reduced staff during the ongoing government shutdown.
* Japan's Nomura Holdings is looking to bolster its U.S. presence in less-capital intensive, advisory businesses like arranging foreign exchange hedging, acquisition finance and other deal-related services for corporate clients, CEO Koji Nagai told Reuters.
* Yield curve inversions could cause economic activity to slow because loan activity by banks has historically tended to shrink whenever yields on short-term Treasuries rose above yields on longer-dated debt, the Federal Reserve Bank of St. Louis writes in a blog post.
* The Federal Reserve should not move too fast with interest rate hikes, former Fed Governor Lawrence Lindsey said on Bloomberg Television, citing falling inflation and the recent turbulence in the financial markets.
* David Rosenberg, the chief economist and strategist at wealth management firm Gluskin Sheff, expects the Fed to rapidly turn dovish and start cutting rates in the next few months, CNBC reported.
* KKR's shares have drawn an enthusiastic response from certain institutional investors after the private-equity based asset manager switched its tax classification to a corporation, the Financial Times noted. KKR changed its corporate structure following federal tax reform to attract investors.
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