SYDNEY, Oct 17 (Reuters) – Australia’s central bank considered raising rates at its recent policy meeting but judged there was not enough new information to warrant a move, though more would be available for its November meeting. Minutes of its Oct. 3 policy meeting released on Tuesday showed the Reserve…

The numbers: U.S. industrial production rose 0.3% in September, the Federal Reserve reported Tuesday. The gain was above expectations of a 0.1% gain, according to a survey by The Wall Street Journal. Output in August was revised down sharply to a flat reading from the prior estimate of a 0.4%…

By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep its key policy rate unchanged for a sixth consecutive meeting on Oct. 19 but maintain a hawkish bias on resurging inflation, according to a Reuters poll, which also forecast the first cut would come later than expected. Inflation,…

The numbers: Sales at U.S. retailers jumped a bigger-than-expected 0.7% in September in a sign households have enough buying power to keep the economy expanding. The increase was spurred by strong demand at auto dealers and online stores, the government reported. Higher gasoline prices also played a role, however. Economists…

By Svea Herbst-Bayliss and David French (Reuters) -Nelson Peltz’s activist hedge fund Trian Fund Management has built a stake in Allstate Corp (NYSE:), one of the insurers struggling to cope with the fallout of natural disasters such as the Maui wildfire in Hawaii, people familiar with the matter said. The…

Jon Huntsman, the Republican former governor of Utah who served as U.S. ambassador to China under President Barack Obama and to Russia under Donald Trump, said his family will no longer donate to his alma mater, the University of Pennsylvania, over its “silence” to the attack by Hamas against Israel last weekend.Huntsman,…

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will follow its regional peers and leave its interest rate unchanged on Oct. 19, staying on the sidelines for longer than previously expected, a Reuters poll found. With inflation at a 19-month low of 2.28% in September, firmly within…

The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 4 points to 40 in October, the U.S. trade group said on Tuesday. Economists surveyed by the Wall Street Journal had expected a 44 reading. This is the third straight drop in the index, which is low…

By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -The United States signed a new 20-year agreement on Monday on economic assistance to the Marshall Islands worth $2.3 billion to the strategic Pacific island nation, chief U.S. negotiator Joseph Yun told Reuters. The Republic of the Marshall Islands (RMI) is one…

It wasn’t clear Tuesday if Rep. Jim Jordan would be successful in his push to become the next speaker of the U.S. House of Representatives, with a floor vote drawing near and the Ohio Republican needing the support of a majority of the chamber. The narrowly divided chamber is expected…