Owen Li

Asian issuance of bonds denominated in local currencies have ballooned to their largest in more than a decade as borrowers turn shy of expensive U.S. dollar debt and tap cheaper, liquid markets at home.

New Zealand's central bank on Wednesday (Oct 5) lifted interest rates to a seven-year high, and promised more pain to come, as it struggles to cool red-hot inflation in an over-stretched economy.

The pound has recovered from a recent record dip after the chancellor's mini-budget announcement. But it is still at low levels versus many other currencies.

Thailand's headline inflation rate was less than expected in September, decelerating from the previous month, data showed on Wednesday.

Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressures in some major world economies.

Stock markets recovered earlier losses on Monday and are adding to that in early trade on Tuesday, with Asia also posting strong gains.

The tiny nation between Romania and Ukraine wants to join the European Union and regain control of its Kremlin-backed Transnistria region. Kyiv's triumph could advance both aims.

The Chinese authorities have launched a series of effective initiatives in recent weeks to slow the decline of the yuan.

Australia's central bank on Tuesday surprised markets by lifting interest rates by a smaller-than-expected 25 basis points.

U.S. manufacturing activity appears to be peaking as businesses struggle to digest excess inventories all along the supply chain, which will likely weigh on the economy over the next six months.