Jaishankar Warns of Major Food Crisis as Conflicts Hit Global South
S. Jaishankar warns of a major food crisis in coming months, citing fertiliser shortages and energy market stress from the Ukraine and Iran-Gulf conflicts.
Economy
China's services sector grows at fastest pace in three months in September
China's services PMI rose to 51.6 in September from 51.4 in August, with new business growing at its quickest rate since June.
Australia's August Inflation Cools More Than Expected as Core Measure Eases
Australian consumer prices rose 0.4% in August, below forecasts, while core inflation increased 0.2%, easing pressure for further rate hikes.
US to Weigh Trade-Deal Tariff Caps in Excess Capacity Probe
US Trade Representative Jamieson Greer says tariff caps in existing trade deals will be considered in a pending excess-capacity investigation.
China's factory activity climbs to five-month high in September
China's manufacturing PMI rose to 52.1 in September from 51.5 in August, beating forecasts, with export orders growing at their fastest pace in seven months.
Oil prices climb as Trump rules out sanctions relief for Iran
Crude benchmarks hit their highest levels since May after Trump denied a report he would ease Iran sanctions, with Brent set for a 14% September gain.
Amplitude Energy greenlights East Coast Supply Project development
Amplitude Energy has taken a final investment decision on the development phase of the East Coast Supply Project, targeting first gas in 2028.
Dollar Heads for Biggest Monthly Gain on Euro in 14 Months
The dollar is set for its largest monthly rise against the euro in 14 months, buoyed by US growth and rate expectations, with jobs data in focus.
Basel Chair Warns Supervisory Fragmentation Could Deepen Global Financial Risks
Basel Committee chair Erik Thedéen warns that fading international cooperation among banking supervisors could fragment finance and complicate cross-border risk oversight.
Gold Holds Steady but Heads for Monthly Loss as Rate Bets Firm Up
Gold traded little changed but remained set for a monthly decline of nearly 6% as expectations of higher US interest rates weighed on the metal.
Japan 2-year bond yield slips ahead of auction as BOJ rate-hike bets build
Japan's 2-year government bond yield fell 1.5 bps to 1.945% on Wednesday ahead of an auction, as markets price in another BOJ rate hike as early as October.
India Plans Near ₹2 Trillion Export Tax Refund Push Over Five Years
India plans to raise tax refunds for exporters to nearly ₹2 trillion over five years through the RoDTEP and RoSCTL schemes.
Japan's factory output slips again in August, defying forecasts
Japan's industrial output fell 1.7% in August, a second straight monthly decline, against expectations of a 1.7% rise.
Liontown Approves A$389 Million Kathleen Valley Expansion, Raises FY27 Capex Guidance
Liontown Resources has approved a A$389 million expansion of its Kathleen Valley lithium mine, raising FY27 capex guidance by roughly 35%.
EU Trade Chief Backs G20 Push on Excess Industrial Capacity
The EU's trade commissioner welcomed US efforts to tackle excess industrial capacity at the G20 and pushed for similar reforms at the WTO.
Carney Accuses Cleveland-Cliffs of Betraying Workers as Stelco Layoffs Hit Hamilton
Canadian PM Mark Carney accused Cleveland-Cliffs of betraying workers after Stelco announced layoffs tied to US tariffs, and threatened legal action.
Qatar Pushes US-Iran Mediation as Trump Denies Offering Concessions
Qatar is mediating between the US and Iran to end the war, but Trump denies offering sanctions relief or frozen funds as a deal remains out of reach.
Wynn and Ross Sue New York Over Pied-à-Terre Tax
Steve Wynn and Wilbur Ross have sued New York State over its pied-à-terre tax, calling the luxury second-home surcharge unconstitutional.
California to Track PFAS in Pesticides Under New Law
California will begin tracking PFAS in agricultural pesticides after Governor Gavin Newsom signed a bill requiring the state's pesticide regulator to flag the chemicals in public use data.
US States Roll Out Fuel Tax Waivers and Diesel Rule Relief as Pump Prices Surge
US states are suspending fuel taxes, easing weight limits and allowing red-dyed diesel on highways to curb soaring gasoline and diesel prices.