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- South Korean inflation reaches 2.9 percent annual growth
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Persistent gains in fresh agricultural produce and energy commodities pushed South Korea’s September inflation rate to an annual 2.9 percent growth rate. Macroeconomic filings published by Statistics Korea confirm that severe weather patterns during the summer months disrupted national crop
– India’s Commerce and Industry Minister Piyush Goyal is visiting the United States for trade talks and a G20 ministerial meeting. The G20 Trade Ministers’ Meeting is taking place in Milwaukee on September 30 and October 1. Goyal’s U.S. schedule
– UAE President Sheikh Mohamed bin Zayed Al Nahyan met Zambian President Hakainde Hichilema in Abu Dhabi on September 29. Their talks focused on trade, investment, renewable energy and infrastructure cooperation. The leaders also reviewed negotiations for a Comprehensive Economic
Economic growth across developing Asia and the Pacific will moderate to 5.0% in 2026 from 5.5% in 2025. The Asian Development Bank raised its 2026 forecast by 0.1 percentage point from its July estimate. Growth should edge up to 5.1%
Remittances from Egyptians working abroad totaled about $29.7 billion from January through July 2026. The Central Bank of Egypt said the figure rose 28.1% from about $23.2 billion a year earlier. The seven-month increase added roughly $6.5 billion compared with
China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the longer-term benchmark when pricing mortgages.
Bullion faced renewed selling pressure across international trading desks as global commodity markets digested a quarter-point interest rate hike by the U.S. Federal Reserve. Spot gold declined 1 percent to $4,249 per ounce, hitting multi-session lows under the weight of
Gold prices edged higher on Thursday as a softer U.S. dollar supported bullion before fresh U.S. inflation data. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The
Egypt’s net international reserves rose to a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt released the provisional figure on September 7. Reserves stood at $56.2939 billion at the end of July. That means