October 29, 2026

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GLOBAL ECONOMY

Italy Approves 2027 Budget With Tax Hikes on Banks and Energy Firms

Italy will raise ?taxes ?on banks, insurers, energy firms and the ?gaming industry to help finance its 2027 budget, ministers said after cabinet approved the last ?financial bill under Prime Minister Giorgia Meloni before an elect...

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New Zealand Businesses Stay Optimistic Despite Oil Price Volatility, Survey Shows

?New ?Zealand business ?confidence edged higher in ?October, with firms remaining ?relatively optimistic as ?all forward-looking activity ?indicators ?turned positive despite the volatilities in ?oil prices, an ANZ Bank survey sho...

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Hong Kong Monetary Authority Leaves Interest Rates Unchanged, Tracking Fed Move

?The ?Hong Kong ?Monetary Authority left its base interest ?rate unchanged on Thursday at 4.25%, ?following the US Federal ?Reserve's decision to hold rates ?steady. Hong ?Kong's monetary policy moves in lock-step with ?the Uni...

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AI-Related Investment, Consumers Likely Boosted US Economic Growth in Third Quarter

US economic growth likely accelerated in the third quarter as resilient consumer spending ?and ?AI-driven business investment more than offset the impact of higher oil ?prices stemming from the conflict in the Middle East. The ...

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Analysis-Fed Highlights Economic Strength but Muddies Outlook for Treasuries

The Federal Reserve kept interest rates steady on Wednesday ?as expected, ?but it was not able to comfort bond investors concerned ?about what a deliberate pace of policy tightening will mean for the outlook for longer-term govern...

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US Fed Chairman Kevin Warsh just telegraphed more rate hikes without saying it

Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy. ...

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