Quick Overview

• The Chicago Federal Reserve's index of national activity fell from -1.81 to -2.57 in September.
  

• Canada reduced its interest rate from 2.50% to 2.25%.
  

• (Bloomberg) -- Argentine bonds plunged, sending benchmark dollar yields over 24 percent, and stocks sank the most in a decade on speculation the government will nationalize pension funds in a bid to attain financing and stave off a second default this decade.
  

• Cash strapped Pakistan is looking for loans from the IMF and other bodies of up to $15 billion to avert a balance of payment crisis.

• China will raise tax rebates for a quarter of its exports and jumpstart infrastructure projects, trying to buffer the impact of weaker overseas demand.

• China intends to set up a soybean reserve of up to 1.5 million tonnes.