China to Cut Tariffs on US Farm Goods, but Soybeans Left Off List (2026-09-28)
China will cut tariffs on a range of US farm goods including corn, wheat, meat and dairy, but soybeans remain excluded and still face a 10% levy.
Economy
Yuan Eases After US Tariff Deal, But Exports Seen Keeping It Firm
China's yuan weakened slightly against the dollar as markets shifted attention to economic imbalances after a US-China tariff reduction deal, though strong exports are expected to support the currency.
China to Cut Tariffs on US Farm Goods, but Soybeans Left Off List
China will reduce tariffs on a range of US agricultural goods including corn, wheat, meat and dairy, but soybeans were left off the list.
Trump Administration to Unveil Looser Fuel Economy Standards for Cars and Light Trucks
The Trump administration is set to release relaxed fuel economy standards on Monday, lowering the 2031 fleetwide target to roughly 34.5 mpg from 50.4 mpg.
India Climbs to 10th at WorldSkills Shanghai 2026 with Six Silver Medals
India finished 10th at WorldSkills Shanghai 2026, winning six Silver Medals and 20 Medals for Excellence, up from 13th place at Lyon 2024.
China's Industrial Profit Growth Slows to 4.2% in August as Demand Stays Weak
Profits at China's industrial firms rose 4.2% year-on-year in August, down sharply from July's 11.2%, as soft consumption and excess capacity weighed on earnings.
Delhi Liquor Prices May Rise This Festive Season as Government Weighs Excise Duty Hike
Delhi is planning to raise excise duty on liquor, a move that could make alcohol costlier during the festive season. The duty is currently levied across wholesale price slabs and varies by liquor type.
China Says Extended US Trade Truce Opens Room to Advance Negotiations
China said the two-month extension of its trade truce with the US gives both sides space to review progress and plan next steps, as new working groups take shape.
Australia's Final Budget Deficit Narrows to A$22.3 Billion
Australia closed the 2025/26 financial year with a A$22.3 billion deficit, smaller than forecast, helped by lower spending and higher tax receipts.
Indian shares set for muted open as oil prices climb on US-Iran impasse
GIFT Nifty futures point to a subdued start for Indian equities as rising crude prices and a US-Iran stalemate keep investors cautious.
Hong Kong debuts eight ETFs to channel Chinese demand for global assets
Eight exchange-traded funds offering exposure to South Korean, US and Malaysian equities listed in Hong Kong, as the city seeks to capture mainland demand for overseas assets.
Malaysia Pushes Its Prized Durian Varieties Beyond Roadside Stalls
Malaysia is promoting its durian varieties through a new Kuala Lumpur experience centre and value-added products, as exports to China show rapid growth.
Gold Slides Over 1% as Oil-Driven Inflation Fears Firm Up Rate-Hike Bets
Gold fell more than 1% as rising oil prices stoked inflation concerns and reinforced expectations of further Federal Reserve rate hikes.
Dollar Holds Near Two-Month High as Oil, Fed Bets Lift Greenback
The dollar stayed near a two-month peak as US-Iran tensions lifted oil and traders priced in a more hawkish Fed, with key US data due this week.
China's industrial profit growth cools in August as AI-led gains offset by weak demand
China's industrial profit growth slowed to 4.2% in August from 11.2% in July, with AI-driven electronics gains offset by weak domestic demand.
Wheat slips as traders track Black Sea export talks
Chicago wheat and corn edged lower while soybeans gained, as markets weighed whether diplomacy could restore Black Sea grain flows.
Bank Unions Defer Three-Day Strike After IBA Talks, Panel to Study Five-Day Week
Bank unions deferred their September 28-30 nationwide strike after the IBA agreed to set up a high-level committee on the five-day banking week and other pending demands.
Rupee and bonds brace for volatile week as oil stays high, RBI hike bets grow
The rupee and government bonds face a testing week as oil prices stay elevated, global yields sit at multi-year highs and traders bet on an RBI rate hike.
JGB Yields Climb Toward Multi-Decade Highs on Inflation, BOJ Tightening Bets
Japanese government bond yields rose on Monday, with the 10-year yield hitting 3.095%, its highest since 1996, as inflation data and BOJ minutes reinforced expectations of further tightening.
Gold slips as oil rebound fuels Fed rate-hike expectations
Gold prices declined as higher oil prices revived inflation concerns and strengthened expectations of another Federal Reserve rate hike in October.