The Bank of Japan’s gauge of underlying inflation surged to the highest in three years, well above the bank’s 2% target, backing the case for authorities to continue raising interest rates.
One of Japan’s largest labor union groups plans to seek 2027 wage increases for regular employees in line with this year’s target, signaling sustained pressure for higher salaries.
Chinese industrial companies saw their earnings grow at the fastest in three months, lifted by rising producer prices against the backdrop of higher energy costs.
Hackers targeting a currency trading platform threatened to leak customer data unless they were paid $50 million, adding to a wave of cyberattacks in Japan that have prompted the government to draw up emergency measures.
South Korea’s economy grew faster than expected in the third quarter as an artificial intelligence-fueled chip boom powered exports and investment, but a contraction in consumption underscored an increasingly uneven expansion that may complicate the trajectory for further interest-rate hikes.
Chancellor of the Exchequer John Healey is poised to raise the UK’s national living wage by about 4%, but will not close the pay gap with younger workers, amid growing concern that hiring costs are driving youth unemployment.
Fitch Ratings expects South Africa’s debt as a percentage of gross domestic product to start rising again in the year through March 2029 mainly due to weak economic growth, challenging National Treasury and Moody’s Ratings’ projections.
The Czech government backed a proposal to entrench the koruna in the nation’s constitution, potentially setting a political obstacle for future administrations seeking to adopt the European Union’s single currency.
New Century Advisors Chief Economist Claudia Sahm argues that high energy costs could spread into other consumer prices and that tariffs on Canada may rise, creating upside inflation risks that could justify a rate hike in October. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
UK businesses could face an increase in the minimum wage of more than 5% next year unless Chancellor of the Exchequer John Healey decides to spare them another painful hike, according to estimates ahead of the budget on Wednesday.
Nigerian Finance Minister Taiwo Oyedele unveiled a draft economic policy framework designed to serve as a blueprint for government plans, budgets and policies, regardless of the administration in power.
Pakistan raised its benchmark interest rate on Monday as mounting inflation risks from the Middle East conflict forced policymakers to tighten policy even at the risk of further slowing economic growth.
Kevin Warsh faces a familiar challenge this week if the Federal Reserve holds interest rates steady: He must reassure investors the central bank is committed to quashing inflation while explaining why officials chose not to raise rates.
The European Union is planning to use safeguard measures to cut imports of products from sectors including chemicals, furniture and machinery from China, according to people familiar with the matter.
Bank of England officials are sending their most hawkish signals in over three years, laying the ground for an interest-rate hike as early as next month.
