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The US Federal Reserve has held interest rates unchanged at its most recent meeting, but in Australia, high inflation data means we're likely to hike. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

<p>Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis</p><ul><li><p><a href="https://www.theguardian.com/uk-news/2026/oct/28/budget-2026-key-points-john-healey">Budget 2026: key points at a glance</a></p></li><li><p><a href="https://www.theguardian.com/money/2026/oct/28/budget-

Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.

Read the top stories for Wednesday, including the TUC’s rejection of the FG’s N70,000 allowance and the UK’s new student visa financial requirements. Read More: https://punchng.com/evening-recap-tuc-rejects-n70000-allowance-uk-hikes-student-visa-funds-other-top-stories/

The Bank of Canada hiked interest rates by 0.25 per cent on Wednesday to 2.5 per cent, marking the first change to its benchmark in a year and the first increase in three years.

The Calgary Chamber of Commerce called the rate hikes "egregious" and warned the costs will impact business competitiveness and stretch bottom lines.

The House of Representatives has urged the FG to halt proposed increases in school fees at public tertiary institutions and increase their funding. Read More: https://punchng.com/reps-demand-halt-to-varsity-fee-hikes-urge-fg-funding/

The NCPA said that the President must exercise her “august moral authority” and direct the Union Ministry of Labour & Employment and the EPFO to immediately withdraw an EPFO circular dated January 18, 2025

The House of Representatives has urged the Federal Government to suspend proposed fee hikes in public tertiary institutions amid concerns over education ac Read More: https://punchng.com/reps-seek-suspension-of-fee-hikes-in-public-institutions/

The CNBC Fed Survey shows that 93% of respondent expect a pause at the Federal Reserve meeting taking place this week.

Markets overwhelmingly expect no change in benchmark interest rates following September's increase.

Coca-Cola stock has climbed about 32% so far this year, raising the beverage company's market cap to roughly $398 billion.

Readers discuss the federal Coalition’s retreat from its climate policy to fund budget cuts.

The devil will be in the detail as Britain's top finance minister tries to make good on a promise to boost defense spending.

Maximum compensation for deaths caused by wildlife attacks increased to ₹17.5 lakh; compensation rates for victims who suffer permanent disabilities also increased

Demand for new PCs took a hit after months of price hikes, with Counterpoint Research reporting global PC shipments fell 21 percent year-over-year in Q3 2026. That's in line with earlier reports from IDC and Omdia. It's not just PCs, either - that same quarter, smartphone shipments also hit a 14-year low. Counterpoint linked the […]

SEOUL, Oct. 22 (Yonhap) -- The Bank of Korea (BOK) kept its benchmark interest r...

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SEOUL, Oct. 22 (Yonhap) -- The Bank of Korea (BOK) kept its benchmark interest r...

SEOUL, Oct. 22 (Yonhap) -- The Bank of Korea (BOK) kept its benchmark interest r...

SEOUL, Oct. 22 (Yonhap) -- The Bank of Korea (BOK) kept its benchmark interest r...

(END)

A bureaucratic blunder has left tobacco companies wondering whether their products are legal to sell

Housing data deteriorated further in September, according to separate reports Tuesday.