Australia's Immigration Crackdown Threatens Wheat Harvest, Farm Groups Warn
Australian farm groups warn that tighter immigration rules, including longer working holiday visa processing, risk labour shortages during the upcoming wheat harvest.
India, in focus.
Australian farm groups warn that tighter immigration rules, including longer working holiday visa processing, risk labour shortages during the upcoming wheat harvest.
China's yuan hit a four-year high against the dollar as markets bet the US rate hike has not ended the currency's appreciation cycle.
Heavy rain since mid-September has killed three people in northern Vietnam, flooded thousands of homes and damaged over 22,000 hectares of crops.
The Bank of Japan raised its policy rate by 25 basis points to 1.25%, warning that underlying inflation could overshoot its 2% target.
Trade in farm goods, energy and rare earths will likely top the agenda when Trump hosts Xi in Washington next week.
Gold inched up on lower oil prices and a subdued dollar, while markets weighed Middle East risks, Fed tightening and a BOJ rate move.
Canadian PM Mark Carney has embraced the prospect of Canada becoming the EU's first associate member, drawing support from Vancouver residents.
Asian equities advanced and Brent fell 1% as traders awaited a widely expected Bank of Japan rate hike, with the yen softening to 156.23 per dollar.
Australian shares rose 0.3% on mining strength, while RBA Governor Michele Bullock warned inflation risks are building ahead of the central bank's September 29 meeting.
India faces its driest monsoon in 17 years with rainfall 15% below normal, as a strengthening El Nino threatens crops and food inflation.
India has vowed to protect its interests after the US House passed a bipartisan bill allowing up to 100% tariffs on buyers of Russian energy, including India and China.
Japanese government bond yields declined for a third straight session as investors awaited the Bank of Japan's policy decision and Governor Kazuo Ueda's briefing.
The yen weakened in Asian trade as markets awaited a widely expected Bank of Japan rate hike, while the dollar held steady and sterling sat at a 2-1/2-month low.
Brent and WTI each fell about 1% as traders bet on alternate routes, even as three pumping stations on Saudi Arabia's East-West pipeline were confirmed damaged.
Japan's Nikkei rose 1% to 64,786.86 as AI and chip stocks tracked a tech-led rally on Wall Street, with the BOJ's expected rate hike already priced in.
Vietnam's expected FTSE Russell upgrade to secondary emerging market status has revived foreign buying, with an estimated $6 billion in inflows possible over the transition through 2027.
Jana Partners has urged Cooper Cos to replace its CEO, appoint a new board chair and consider selling parts of the business.
Japan's core inflation stayed near the BOJ's 2% target in August, reinforcing expectations of a near-term interest rate increase.
A horse in Grant County, New Mexico, has been confirmed with New World screwworm, complicating plans to reopen a border port to Mexican livestock trade next week.
Uttarakhand has directed its Horticulture Department to draft a Rudraksh cultivation policy, aiming to create income sources in migration-hit hill districts.