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According to a Reuters poll, 22 out of 27 economists expect the Reserve Bank of New Zealand to raise interest rates by 25 basis points on October 28, bringing the official cash rate to 3.00%.

2026-10-26

According to a Reuters poll, 22 out of 27 economists expect the Reserve Bank of New Zealand to raise interest rates by 25 basis points on October 28, bringing the official cash rate to 3.00%.

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2026-10-26

China's A-share baijiu sector rose in early trade; Huangtai Wine gained over 4%, with Jinzhongzi, Yingjia Gongjiu, Jinhui Wine, and Kouzijiao also rising.

China's A-share baijiu sector rose in early trade; Huangtai Wine gained over 4%, with Jinzhongzi, Yingjia Gongjiu, Jinhui Wine, and Kouzijiao also rising.
2026-10-25

Mercuria, one of the world's largest commodity traders, has sued the 282‑year‑old Baltic Exchange; the UK High Court will hear the case on Monday. The dispute centers on whether the Baltic should have continued publishing its flagship tanker route be

Mercuria, one of the world's largest commodity traders, has sued the 282‑year‑old Baltic Exchange; the UK High Court will hear the case on Monday. The dispute centers on whether the Baltic should have continued publishing its flagship tanker route benchmark TD3C for voyages via the Strait of Hormuz after US and Israel opened hostilities with Iran. Mercuria says voyages fell sharply and Iran declared a blockade, and argued the Baltic should have suspended TD3C; it initially alleged losses of "hundreds of millions of dollars" but amended its filing to drop monetary damages and now seeks declaratory relief that publications since early March are invalid. The Baltic Exchange says short‑term inactivity on a route is not uncommon, brokers continued to provide rates, and warns a Mercuria victory would have "chaotic market‑wide consequences" and could force the unwinding of hundreds of trades. TD3C underpins pricing and hedging for billions of dollars of freight derivatives.
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