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Economy ·
The Bank of England raised its base rate from 3.75% to 4% and warned another increase may follow. Higher rates mean more costly borrowing for many households, including those with mortgages.
Pound in dollarsup +1.98%1 monthEconomy ·
The Czech central bank raised rates after a rare tight vote. Norway's central bank held rates but signaled it may tighten. A Fed official said restrictive rates are needed to bring inflation down.
Economy ·
China's commerce ministry says it will buy more US farm goods only if both sides carry out their tariff-cut agreement. Democratic control of Congress adds a new element to US-China relations.
Economy ·
South Korea's top financial officials said they will closely follow possible US changes on artificial intelligence and trade after the midterm elections. The outcome could affect the South Korean economy.
Economy ·
Philippine inflation reached 7.8% in October 2026, its highest in years. Higher fuel prices and fares drove the rise, which squeezes household budgets.
Economy ·
South Korea's September current account surplus reached $61.46 billion, the largest monthly figure ever, on strong chip exports. The Bank of Korea released the data.
Economy ·
The US removed South Africa from AGOA, a trade deal giving preferential market access. Officials say trade continues, and President Cyril Ramaphosa sees a chance to reset ties.
Economy ·
The World Bank says Kenya overpaid Sh117bn for the Mombasa-Naivasha railway and that corruption is hurting growth. Concerns were also raised about a Sh1.7trn partnership project.
Economy ·
The UAE's non-oil PMI, a survey gauge of business activity, read 54.8 in October, below September's 55.3. Companies lifted their selling prices faster than ever recorded, passing along higher costs, which can raise what consumers pay.