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10/8
19:34
Reports indicate that tanker captains navigating the dangerous Strait of Hormuz are now earning base salaries of up to $100,000, along with a $50,000 bonus per voyage, with overall crew pay reaching four to six times normal salaries. This comes as shipping traffic through the strait fell to its lowest level since July, while oil prices rose on Thursday morning due to ongoing attacks on tankers and extreme logistics costs. Brent crude futures increased by $2.28, or 2.28%, to $102.28 a barrel, and US West Texas Intermediate crude futures gained $1.66, or 1.88%, to $89.94. Shipping companies are reportedly spending $30-40 million for a single round trip to move oil, with crews taking measures like turning off transponders and lights, and barricading decks with sandbags.
19:33
Analysts across several financial institutions project Alibaba Group Holding's cloud and artificial intelligence unit revenue growth to have accelerated in the three months ended September 30, up from the 45% growth seen in the preceding quarter. The unit's profit margins are also expected to rise, driven by strong returns on its aggressive AI investments.
19:29
Devon Energy Corp. has agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co., for approximately $4.2 billion.
19:29
Bangladesh signed a 15-year deal with Dubai-based logistics company DP World on Thursday to operate and maintain the New Mooring Container Terminal (NCT) at Chattogram Port, the country's largest. The agreement ends years of delays and negotiations over one of Bangladesh's most politically sensitive infrastructure projects.
19:28
The Trump administration is proposing a $70,000 fee for international students seeking work authorization through OPT, a significant increase from roughly $500 currently. Additional work training would cost $30,000, potentially making U.S. employment significantly harder for foreign graduates. The proposal faces a 30-day public comment period and potential legal challenges before taking effect.
19:25
Germany's Ministry for Economic Affairs and Climate Action on Thursday released its autumn forecast, significantly raising its 2026 GDP growth projection from 0.5% to 1.3%, marking the fastest growth since 2017. The 2027 growth forecast was also revised upwards from 0.9% to 1.1%. This upward revision is primarily attributed to strong exports in the first half of the year and a substantial increase in government spending, bringing Germany's economic growth outlook back to pre-Middle East conflict levels. The Ministry noted that the manufacturing sector performed exceptionally well despite the impact of the Middle East conflict, with global supply constraints prompting companies to stockpile energy-intensive goods in advance, providing an unexpected boost to the economy. However, the Ministry expects growth to slow to 0.6% in 2028, with ongoing geopolitical instability and elevated energy prices remaining key downside risks.
19:22
Mike Greenley, CEO of Canadian satellite technology company MDA Space, stated that space defense systems are becoming increasingly necessary as Russia and China enhance their hypersonic missile capabilities. He noted that space-based systems can detect, track, and potentially intercept incoming missiles, at a cost no higher than other advanced defense technologies. The United States recently confirmed for the first time that it has deployed weapons in space, and President Donald Trump is planning to invest $185 billion in a ballistic missile interception system called "Golden Dome," while also calling for an increase in the US defense budget to $1.5 trillion by 2027.
19:20
South Korean e-commerce giant Coupang has filed a lawsuit in court challenging a 624.7 billion won (approximately $461 million) privacy fine imposed by the Korea Personal Information Protection Commission. According to sources on Thursday, Coupang filed two petitions with the Seoul Administrative Court on Wednesday, requesting that the commission’s penalty decision issued in June be overturned and seeking a stay of the fine pending the court’s ruling. The commission had previously ordered Coupang and one of its affiliates to pay the fine.
19:19
CNBC cited expert analysis, noting that despite rising interest rates, strong current real estate fundamentals have prevented Real Estate Investment Trusts (REITs) from being as severely impacted as in the past. Seth Laughlin, an analyst at Cohen & Steers, stated that while the 10-year U.S. Treasury yield has risen by 100 basis points over the past year, increasing borrowing costs, REITs have seen accelerated earnings growth, projected to reach 9% this year. David Auerbach of Hoya Capital Real Estate added that the correlation between REITs and interest rates has fallen to a four-year low, and the development pipeline (excluding data centers) is well below its 2022 peak and 2019 levels. Year-to-date, the FTSE Nareit All Equity REITs Index has returned over 6%.
19:15
Russia stated it would respond to any aggression from Western Europe, while denying plans to attack the region. Moscow had previously warned NATO it could use its entire arsenal, including nuclear weapons, if the alliance attempted to cut off Kaliningrad.
19:15
Chinese Vice Premier He Lifeng called for stronger economic and financial cooperation with the UK during talks with the British Chancellor of the Exchequer. Additionally, China's Commerce Minister met with EU trade chief Maroš Šefčovič in Beijing to deepen engagement with the two major European trading partners.
19:10
Bybit will list the NKEUSDT TradFi Perpetual Contract on Oct 8, 2026, 12:00 PM UTC, with maximum leverage of up to 25x. The contract will also be available for trading via Futures Bots, such as Futures Grid, Futures Martingale, and Futures Combo.
19:09
BitMine Immersion Technologies Chairman Tom Lee stated at TOKEN2049 in Singapore that the company will cease accumulating Ethereum once its holdings reach 5% of the cryptocurrency's total supply. BitMine, currently the largest corporate holder of ETH, is close to this limit, needing approximately 88,586 ETH to reach the 5% threshold based on its latest disclosure. At its recent weekly purchase rate, this could take about 5.9 weeks. Lee emphasized the company would not pursue an open-ended accumulation campaign. BitMine held 6,016,414 ETH as of Oct. 4, representing about 4.9% of the 122.1 million ETH supply. The company also reported $643 million in cash and marketable securities, sufficient to cover the estimated $221 million cost for the remaining ETH. Once the 5% cap is reached, further growth in BitMine's ETH position would primarily come from staking rewards, with about 84% of its current holdings already staked.
19:08
The UK's Financial Conduct Authority (FCA) surveyed 411 corporate finance firms, receiving 382 responses, to assess their compliance functions. While most firms reported carrying out key compliance activities, the FCA emphasized that compliance must be seen as a culture embedded by senior managers throughout the business, not merely a series of tasks.
19:07
Oil prices jumped due to a tanker attack and decreased traffic in the Strait of Hormuz. Last month, traffic through the crucial waterway had approached 90% of pre-war levels but has since sharply declined.
19:00
Marine Le Pen, the French far-right candidate, unveiled parts of her fiscal plan this Tuesday, notably omitting pension reforms, a topic on which she previously advocated for lowering the retirement age. Mike Bell, Head of Market Strategies at RBC BlueBay Asset Management, stated that markets are closely watching whether Le Pen will commit to raising the retirement age; otherwise, the spread between French and German 10-year government bond yields could widen further to 200 basis points. Last Friday, the spread between French and German 10-year government bond yields already surpassed 150 basis points, reaching a new high since late 2011. Bell also warned that the European Central Bank's Transmission Protection Instrument (TPI) requires member states to comply with EU fiscal rules, a condition France currently does not meet, which could limit the policy buffer provided by the ECB.
18:59
The cost of insuring French government debt against default (5-year sovereign CDS) currently stands at 80 basis points, slightly below last week's multi-year high of 84 basis points. This reflects investor concerns about France's political instability and fiscal health, as they closely watch whether the government can secure parliamentary support to pass its 2027 budget and proposed spending cuts, aimed at addressing growing debt sustainability issues.
18:59
Binance founder CZ retweeted that Giggle Academy, an education project he supports, has reached 2 million students. The project had 100,000 students on January 8 this year and has grown to 2 million as of October 8.
18:56
A Russian attack on a bus in Ukraine’s eastern city of Kramatorsk, near the front line, has killed at least 12 people and wounded 14 others, local authorities said. Kramatorsk is a key city in the Donetsk region that Russia has not yet captured and serves as a logistics hub for the Ukrainian military. Elsewhere, the death toll from Wednesday’s Russian missile attack on a residential building in Pryluky rose to 22, including five children.
18:50
Former PlayStation executive Shawn Layden questioned Sony's decision to stop producing physical discs for its consoles starting in 2028, calling it a "highly spreadsheet-driven decision" and stating that the move has damaged the company's reputation. Layden pointed out that this move transforms players' "ownership" of games into "access to digital assets" and believes it will affect players' collecting psychology. Previously, Sony argued in court that consumers purchasing digital games do not acquire ownership but rather a revocable license.
18:50
India, a major fertilizer importer, received bids in its latest urea tender that were nearly 10% lower than its August purchase price. Bloomberg analysis suggests this signals a potential easing of global fertilizer costs, which would offer some relief to farmers facing surging input costs this year.

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