RBA's Bullock Flags Building Inflation Risks as Rate-Hike Bets Grow
Reserve Bank of Australia Governor Michele Bullock said upside inflation risks may be materialising, pointing to elevated energy prices and excess demand at home.
Economy
Record El Nino Threatens Asia's Harvests and Global Food Prices
A record-breaking El Nino is expected to worsen drought across Asia, hitting rice and palm oil output and pushing millions into food insecurity.
Indonesia Braces for Delayed, Shorter Wet Season as El Niño Persists
Indonesia's rainy season will start in early November and be shorter than usual, the weather agency says, as El Niño conditions persist and wildfires burn.
UK Backs Saudi Arabia Against Houthis as France Urges EU Action on Energy Costs
UK approves military support for Saudi Arabia, France seeks EU energy relief, and Trump urges Ukraine to stop hitting Russian refineries.
ASIC warns private credit firms of enforcement over poor practices
Australia's corporate watchdog has warned private credit firms that enforcement action looms unless standards improve, citing valuation, liquidity and transparency concerns.
South Korea Picks Texas Gas Plant as First Project Under $350 Billion US Deal
South Korea has selected a Texas gas-fired power plant as its first project under a $350 billion US investment package, while considering nuclear and LNG ventures.
EU and Philippines Reach Substantial Agreement on Free-Trade Deal
The European Union and the Philippines have reached a substantial agreement on a free-trade deal, with negotiators told to finalise it soon.
Rupee Seen Opening Higher as Crude Slips; Record Inflows Curb Depreciation Bets
The rupee is expected to open modestly stronger on Tuesday, supported by softer crude prices and long-dated US Treasury yields, while $143.6 billion in balance-of-payments inflows help anchor sentiment.
Bangladesh garment factories reel as energy crisis and fuel hike bite
Bangladesh's garment industry is battling gas and power shortages and a steep fuel price hike, with most factories reporting cancelled orders and production halts.
Tech rally lifts Asian stocks as dollar firms on rate-hike bets
Asian tech stocks rose on AI optimism and softer oil prices, while the dollar held firm on rate-hike expectations ahead of a Trump-Xi summit.
Indian shares set for higher open as crude, US yields ease
GIFT Nifty futures signal a firm start for Indian equities as easing crude prices and a softer US 10-year yield support sentiment ahead of the UN General Assembly.
Gold Holds Steady as Higher-for-Longer Rate Outlook Weighs on Sentiment
Gold traded nearly flat as expectations of prolonged high US interest rates offset safe-haven demand, with Fed comments and geopolitical risks in focus.
Indian Bonds Poised to Extend Gains on Softer Oil, US Yields
Government bonds are set to open stronger on easing oil prices and lower US Treasury yields, though rate-hike bets may limit gains.
Trump, Xi Set for Washington Summit as Trade Truce, Taiwan and Iran Top Agenda
Trump hosts Xi in Washington this week, with a tariff truce deadline, Boeing and farm purchases, rare earths, Taiwan, Iran and AI all on the table.
Berkshire Hathaway Adds Lennar Shares in Mid-September Buying Spree
Berkshire Hathaway acquired about 2.7 million Lennar Class A shares and 75,021 Class B shares between Sept 17 and 21, a regulatory filing shows.
US and China Seek Progress on Trade Deals as Trump and Xi Meet in Washington
Trump and Xi meet in Washington to push forward on trade commitments from May, including tariff reductions and farm exports, with analysts predicting limited breakthroughs.
Independent review faults RBNZ for holding pandemic stimulus too long
An independent review says New Zealand's central bank acted well at the start of the pandemic but kept monetary stimulus in place for too long.
Gold Edges Higher as Treasury Yields Ease, Rate Outlook Caps Gains
Gold prices rose slightly on Tuesday as US Treasury yields eased, though expectations of further rate hikes kept gains in check.
Venezuela Delegation in New York Pursues Debt, Energy and Mining Deals
A Venezuelan delegation led by interim President Delcy Rodriguez is in New York for UN General Assembly week, discussing debt restructuring, energy and mining with US and multilateral counterparts.
Yen Slips as BOJ Lags Hawkish Turn by Global Central Banks
The yen weakened against a firm dollar as Japan's wide rate gap with major peers kept carry trades alive, while bitcoin rallied past $87,000.