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Mexico's inflation undershoots forecasts ahead of rate decision

In Latin America's second-largest economy, 12-month headline inflation came in at 4.66% in early September, statistics agency INEGI said, below both the previous month's 5.16% and the 4.73% forecast by economists polled by Reuters. The key figure remains above the Bank of Mexico's (Banxico) 3% target, plus or minus one percentage point, but will likely open the door for it to maintain a monetary easing cycle on Thursday, when it is set to announce its next policy decision. Mexico's central bank last month lowered borrowing costs by 25 basis points to 10.75% in a divided vote.

Credit Agricole Joins Rush for Unusual Capital as Fed Cuts Rates

(Bloomberg) -- Credit Agricole SA is looking to raise capital with a bond that has to be repaid after only a decade, adding to a recent raft of longer-duration instruments as investors look to take advantage of the Federal Reserve’s rate cuts.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northe

Spain to Sell 12-Year Inflation-Linked Bonds Through Syndication

(Bloomberg) -- Spain is selling new 12-year debt through banks to capitalize on strong investor demand, following a record-breaking Italian bond offering earlier this month. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportWaiting for the Miracle of Church-to-Housing DevelopmentInitial guidance suggests the inflation-

Ether is beating Bitcoin as the Fed interest rate cut sparks a crypto rally

Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, were thriving on Monday morning, buoyed by the U.S. Federal Reserve’s recent interest rate cut. Bitcoin was trading near $63,000, up 1.2% in the past 24 hours and nearly 8% over the week. Ether, meanwhile, was hovering around $2,600, with a 2.5% gain in the last 24 hours and an impressive 15% rise over the week, according to CoinMarketCap.

Artificial Superintelligence Alliance, Bittensor, Sui, and more: Cryptocurrencies to watch this week

Cryptocurrencies have seen significant inflows following the Federal Reserve’s decision to lower interest rates, creating a more favorable environment for riskier assets. While the broader crypto market is thriving as a result, the AI-driven token sector has experienced an especially sharp surge, with many projects gaining momentum in response to the Fed’s move. This shift has piqued investor interest, making it an opportune time to explore which cryptocurrencies are worth watching in this evolv

Hit Chinese video game Black Myth: Wukong lifts market sales in August, report says

China's video gaming market grew by more than 15 per cent year on year in August, driven by the popularity of the country's first AAA video game, Black Myth: Wukong, new research has found. The market generated 33.64 billion yuan (US$4.8 billion) in revenue for August, up 21 per cent from the previous month, thanks in large part to Black Myth: Wukong, which was released on August 20, according to a report published by the Gaming Publishing Committee of the China Audio-Video and Digital Publishin