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Bank of England Governor Bailey said he will spare no effort to restore inflation to target.

2026-10-08

Bank of England Governor Bailey said he will spare no effort to restore inflation to target.

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2026-10-08

Despite using almost all tools — including rate hikes, measures to attract overseas deposits and tens of billions of dollars of FX intervention — the rupee is closing in on its record low. It sits only about 0.2% from the May trough of 96.97 per doll

Despite using almost all tools — including rate hikes, measures to attract overseas deposits and tens of billions of dollars of FX intervention — the rupee is closing in on its record low. It sits only about 0.2% from the May trough of 96.97 per dollar, highlighting pressure from a global surge in yields and concerns over high oil prices. RBI intervention has drained FX reserves by $51 billion in the four weeks to Oct. 2, and the first rate increase in nearly four years has not stopped the currency's slide. Ritesh Bhansali, deputy CEO at Mecklai Financial Services Pvt., said the sharp reserve fall is worrying and that intervention is currently the only support for the rupee.
2026-10-08

Shanghai immigration said on Oct. 8 that between Oct. 1-7 its checkpoints processed 809,000 inbound and outbound passengers, a 3.4% YoY increase and roughly 116,000 per day. Pudong and Hongqiao airports accounted for 763,000 passengers, while the Sha

Shanghai immigration said on Oct. 8 that between Oct. 1-7 its checkpoints processed 809,000 inbound and outbound passengers, a 3.4% YoY increase and roughly 116,000 per day. Pudong and Hongqiao airports accounted for 763,000 passengers, while the Shanghai cruise port handled 46,000. Mainland resident crossings totaled 581,000, up 4.1% YoY. Foreign arrivals via Shanghai were 89,000; more than 50,000 entered under visa-free or 240-hour transit policies, nearly 60% of foreign arrivals. Authorities attributed the rise to concentration holiday outbound travel and family visits.
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