Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve's drive to tame inflation without causing a deep recession.

Since mid-summer, the yield on the 10-year Treasury note, a benchmark for many loans, has steadily climbed, causing a spillover rise in other borrowing costs. The costs of mortgages, auto loans and credit card debt have all risen in response. The collective impact of higher rates across the economy could also weaken the government's own finances.

For devoted Disney fans, there's often no better treat than spending Halloween at its theme parks — and more specifically, at its after-hours parties, where visitors can trick-or-treat through Walt Disney's Enchanted Tiki Room and watch a Halloween-exclusive parade, among other experiences.

But tickets are neither cheap nor easy to acquire. The parties are held on multiple nights throughout the season, and the version at Disney's California resort, the "Oogie Boogie Bash," is so popular that the 2023 event sold out the first day tickets went on sale. Fans reported trouble with virtual queues and website crashes.

Japan hopes to resolve China's ban on its seafood following the release of treated wastewater from the Fukushima Daiichi nuclear plant within the World Trade Organization's scope, Agriculture Minister Ichiro Miyashita said Wednesday.

Despite repeated assurances, China banned seafood from Japan immediately after the plant began its treated radioactive wastewater release in August. Seafood accounts for a small portion of Japan's overall trade but the ban has hit exporters hard as China was the top destination for Japanese seafood exports.

Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year.

The announcement could further prop up oil prices, which are hovering around $90 a barrel. Production cuts first announced by Saudi Arabia and Russia in July have driven up prices at the pump, enriched Moscow's war chest and complicated global efforts to bring down inflation.

The Central Bank has issued a circular preventing banks from deducting new fees from bank accounts created prior to October 2019.

The Bank also asked commercial banks to disclose accurate information about the “real cost” and mechanism of any fees imposed on clients, warning that the Central Bank’s Banking Control Commission will oversee the implementation of the circular and will penalize any violating banks.

Asian markets declined Tuesday following a mixed session on Wall Street, where buying was pressured by rising bond yields.

U.S. futures fell and oil prices also were lower.

South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday.

The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity.

Ukraine, Poland and Lithuania have agreed on a plan they hope will help expedite Ukrainian grain exports, officials said Tuesday, with needy countries beyond Europe potentially benefitting from speedier procedures.

The deal means that grain inspections will shift from the Ukraine-Poland border to a Lithuanian port on the Baltic Sea, according to a statement from the Ukrainian farm ministry.

Saudi Arabia has revised down its budget projections and now expects to record a deficit this year, the finance ministry said, reflecting rising expenditures and falling oil revenue.

Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday.

The Bank of Japan's "tankan" quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June.