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10/7
14:14
The International Monetary Fund (IMF) chief stated that global governments must act urgently to address challenges stemming from an unbalanced AI boom, a prolonged energy shock, and record debt piles. The IMF is preparing to host economy chiefs from around the world next week.
14:11
Samsung Electronics' high-bandwidth memory (HBM) prices are expected to more than double in 2027, driven by the industry's shift to HBM4 technology and tight DRAM supply, according to KB Securities. This will give memory-makers more room to raise contract prices. HBM is a crucial component for advanced AI processors, making it a key segment in the growing artificial intelligence infrastructure market.
14:10
Japan's Ministry of Health, Labour and Welfare announced on Wednesday that real cash earnings in August rose by 1.5% year-on-year, marking the eighth consecutive month of increases and the longest streak in nearly a decade. However, a significant portion of this rise relied on government utility subsidies, which suppressed the year-on-year CPI increase to 1.9% in August, and a planned reduction in food sales tax (from 8% to 1%) effective April next year. Meanwhile, bankruptcy cases due to labor shortages reached a record high of 240 in the first half of fiscal year 2026. Overnight index swaps indicate a 76% probability of another interest rate hike by the Bank of Japan before the end of the year. The coexistence of rising wages, a wave of bankruptcies, and interest rate hike expectations is pushing the central bank into a dilemma.
14:06
Boston Dynamics, the U.S. robotics company owned by South Korea's Hyundai Motor Group, announced the appointment of Rohit Prasad, a former Amazon AI executive, as its new CEO. Prasad officially assumed the role on Wednesday, with the company aiming to accelerate the commercialization of AI-powered robots. Boston Dynamics is known for its Atlas humanoid robot, Spot quadruped robot, and Stretch warehouse robot.
14:00
AMD Chair and CEO Lisa Su met with South Korean Second Vice Science Minister Ryu Je-myung and executives from 13 local AI companies in Seoul on Wednesday to explore partnerships. The discussions focused on integrating AMD's CPUs and GPUs with Korean neural processing units for AI inference systems, aiming for global markets. Demonstration projects in South Korea are planned to develop a blueprint for overseas deployment, as AMD intensifies its competition with Nvidia.
13:49
South Korean steelmaker Posco Holdings has completed its second lithium plant in Argentina, which will have the capacity to supply 50,000 metric tons of lithium hydroxide. This milestone comes eight years after Posco acquired mining rights to the Salar del Hombre Muerto in 2018, marking a significant step in the group's efforts to secure its own critical battery materials.
13:44
Global investment banks have revised up their forecasts for South Korea's economic growth this year and next, citing a strengthening semiconductor export outlook. Eight major global investment banks now project an average growth of 3.5% for this year, up from 3.3% a month earlier. JPMorgan raised its estimate to 4% from 3.8%, the highest among the eight banks, according to figures released Wednesday by the Korea Center for International Finance.
13:37
According to Bloomberg Markets, Europe's worsening heatwaves, wildfires, and floods are prompting governments to increase spending on climate-resilient infrastructure, opening up a lucrative new market for industrial companies, estimated to be worth €500 billion.
13:20
Africa's richest man, Aliko Dangote, plans to raise at least $1.6 billion through an initial public offering (IPO) for his mega-refinery in Nigeria to fund its expansion. The share sale is expected to be the largest IPO in Africa's history. Dangote is positioning it as a "people's IPO," aiming to attract millions of first-time investors by setting a minimum holding of $4.
13:13
Al Jazeera released a statistical report stating that Israeli attacks on the Gaza Strip have continued for three years since the conflict erupted on October 7, 2023. The report indicates that at least 74,000 Palestinians have been killed (including 21,000 children) and over 175,000 injured. 82% of buildings in the Gaza Strip have been destroyed, displacing 1.98 million Palestinians, which accounts for 90% of the total population. Additionally, 94% of medical facilities and 93% of schools are no longer operational, and nearly 300 journalists have been killed.
13:10
FNB (First National Bank), South Africa's second-largest bank, has partnered with VALR, a local licensed exchange, to launch cryptocurrency trading services. The service is offered through FNB's existing stock trading platform, allowing customers to trade various crypto assets such as BTC, ETH, XRP, SOL, and USDT, with a minimum trading amount of 10 ZAR. The bank plans to add more crypto investment options.
13:02
Solana Foundation announced its open-source Delivery-versus-Payment (DvP) settlement standard on October 6. The design mandates that both the full cash and asset legs of a trade must be available before execution, with its atomic transaction preventing a buyer from paying without receiving the asset. This approach explicitly excludes netting and requires institutions to arrange their own financing and offsetting obligations.
13:00
Kalshi's 15-minute gold markets recorded 542 million contracts and an estimated $5 million in fees in September, surpassing Ether's 318 million contracts and $2.6 million in the same period. Bitcoin remained far ahead in market activity.
12:56
Elon Musk forwarded a post summarizing a speech by Michael Nicolls, President of SpaceXAI. Nicolls stated that SpaceX was founded in 2002 to make life multi-planetary. He highlighted that the biggest risk for growing satellite constellations is not debris, but rather satellite operators failing to share data. The speech also detailed Starlink's growth, starting with 60 V0.9 satellites in 2019, launching user service in late 2020, and significantly expanding with V1.5 adding space lasers for mesh connectivity.
12:42
The Reserve Bank of India (RBI) on Wednesday raised its benchmark repo rate by 25 basis points to 5.50%, a one-year high, in line with economists' expectations in a Reuters poll. The move aims to curb retail inflation, which has risen for 10 consecutive months, reaching 4.8% in August, above the RBI's medium-term target of 4%. HSBC and Goldman Sachs expect the RBI to continue raising rates in December.
12:42
Singapore's state-owned investment giant Temasek's chief investment officer Rohit Sipahimalani stated that an unwinding of the artificial intelligence (AI) trade poses the biggest risk to markets, though he doesn't see it as imminent but expects potential bumps in 2027. Sipahimalani noted that AI has been a key force keeping U.S. stocks near record highs, but the market's resilience is heavily dependent on a small group of winners, with roughly half the stocks in the Russell 3000 at least 20% below their June highs. A reversal in the AI trade could be triggered by factors such as tighter regulation due to safety concerns or customers failing to generate sufficient returns from their AI spending. Temasek remains bullish on AI long-term and continues to increase investments in the sector, aiming to raise its public market AI exposure from about 50% to 70%-75% for greater flexibility.
12:38
★★★★★Previous 5.25%Forecast 5.5%Actual 5.5% In line with forecast
12:30
The Financial Times analysis indicates that robust AI spending is projected to boost S&P 500 earnings growth by 27%, against a backdrop of high equity valuations and rising long-term borrowing costs.
12:24
Shares of U.S. biopharmaceutical company ArriVent BioPharma plummeted nearly 47% on Tuesday after it reported that firmonertinib, a cancer treatment licensed from Shanghai Allist Pharmaceuticals in China, failed to meet its primary endpoint in a Phase 3 clinical trial. Analysts noted that this highlights the challenges Chinese biotech companies face in expanding into overseas markets. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals for the treatment of non-small cell lung cancer, and ArriVent obtained exclusive development and commercialization rights for the drug outside of China in 2021.
12:14
Africa's top insurer Sanlam Ltd. is bidding $1.2 billion to take full ownership of Santam Ltd., a move expected to give it greater flexibility in deploying capital across Africa, India, and the Lloyd's of London market. This acquisition is part of Sanlam's broader expansion strategy, which will soon include banking operations.
12:14
The European Commission is considering a broad levy on all large companies, aiming to capture Big Tech while avoiding singling out US digital services groups.
12:12
The standard is designed for regulated stablecoins, funds, and bonds, allowing issuers to enforce identity checks, sanctions controls, and other transfer rules directly within the asset itself. It is now live on the network following independent security audits.

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