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10/16
16:20
Ukrainian President Volodymyr Zelenskyy on Friday praised Europe's "true leaders" for supporting Kyiv, while his strained relationship with Donald Trump cast a shadow over the EU summit aimed at garnering further support for Ukraine. Zelenskyy is reportedly facing increasing pressure to temper his public criticism of Trump. Three officials familiar with the preparations for the EU summit told the Financial Times that they plan to privately urge him to moderate his rhetoric when they meet with Zelenskyy in Brussels on Friday. Zelenskyy told reporters in Brussels that he hopes to end the war as soon as possible, but has not yet seen any signals from Russia to end it.
16:13
A Palestinian has been killed after sustaining injuries in an Israeli bombing of Gaza City, Al Jazeera is reporting, quoting sources at Al-Shifa Hospital.
16:09
Indian asset management companies, including major fund managers like SBI Funds Management Ltd. and ICICI Prudential AMC Ltd., have restricted new investments into gold products. The move aims to curb demand for the precious metal ahead of the crucial festive season, against the backdrop of a historic decline in the Indian rupee. The restrictions came into effect on Friday.
16:08
Imran Khalid, a geostrategic analyst and senior research fellow at the US think tank "Foreign Policy in Focus," wrote in Nikkei Asia that the Iran-backed Houthi rebels have lost the legitimacy of their actions by controlling Yemen's Red Sea coast, and Asian countries should consider imposing sanctions on them.
16:06
Capital B, Europe's second-largest Bitcoin holding company, reported a $78 million loss in the first half of 2026, with $75 million attributed to Bitcoin impairment. Despite this, the company raised $30 million during the same period and increased its Bitcoin holdings by 11%.
16:05
Moody's Chief Credit Officer Atsi Sheth stated that rising interest costs have made leverage more critical, fundamentally altering Moody's perspective on credit risk.
16:04
U.S. President Donald Trump stated in a Newsmax interview broadcast Thursday evening that he does not intend to use nuclear weapons against Iran or deploy ground troops. This comes as reports suggest Washington is considering new strike options, including the GBU-43/B Massive Ordnance Air Blast (MOAB), which Trump clarified is not nuclear. Earlier on Thursday, CNN reported that the U.S. military has developed new strike plans targeting Iranian energy infrastructure and nuclear sites. Trump had previously said on October 8 that he would not order a resumption of military strikes before the November 3 midterm elections. Meanwhile, merchant shipping in the Strait of Hormuz faces heightened risks, with the UKMTO reporting eight attacks since October 11 and a Singapore-registered container ship sinking after being struck.
16:03
Bloomberg analysis indicates that France's political situation is leading to a debt crisis, with concerns that the country's public finances are in poor shape and a bond selloff could spread across Europe. Investors are particularly worried about the 2027 elections, as leading candidates Marine Le Pen and Jean-Luc Mélenchon are perceived as ill-equipped to address France's fiscal turmoil.
15:58
Asian markets broadly rose following remarks by Federal Reserve Chairman Warsh, with South Korea's Seoul Composite Index closing up 2% at 5668.05 points, rebounding from Thursday's low, which was its lowest close since April. SK Hynix and Samsung Electronics both gained over 4%.
15:58
Federal Reserve Chairman Warsh, speaking at an IMF event in Bangkok on Thursday, made no forward-looking statements regarding the path of monetary policy, only reiterating the Federal Reserve's commitment to achieving price stability and stating that he "will not prejudge meeting outcomes." These remarks quickly led to a market repricing, with traders lowering the probability of a Fed rate hike this month from over 25% to 15%. The DXY fell by 0.1%, and equity markets in Asia-Pacific and Europe subsequently rose.
15:57
Finance ministers of G7 economies have agreed to hold tabletop drills to prepare against future cyber attacks, as cyber fears rise.
15:52
Binance announced covered-call and cash-secured-put strategies on October 15, requiring put sellers to lock full USDC reserves in their Funding Account for potential assignment. However, the exchange's linked Stock Options Trading Product Terms (version 1.0, effective September 1) and an older general FAQ (last updated October 9) still describe long-only trading and expressly exclude writing and short positions, creating an inconsistency with the newly announced selling strategies.
15:32
Upbit announced that it will cease trading support for Zilliqa (ZIL) at 3:00 PM KST on November 16, 2026. This decision is due to potential security vulnerabilities in Zilliqa's virtual asset wallet and distributed ledger, and the failure to resolve the issues that led to its designation as an "investment warning project" to protect investors. After trading support ends, Upbit will continue to support ZIL withdrawals for 30 days, until December 16, 2026.
15:32
Israeli settlers attacked several olive pickers in the Palestinian villages of Abu Falah, Burqa, and Turmus Ayya near Ramallah in the occupied West Bank, Al Jazeera reported. Settlers set olive trees on fire in Abu Falah village and attacked pickers in nearby areas.
15:29
Al Jazeera reported that the elections held in Israel this month will shape the future of over 5.5 million Palestinians who are not eligible to vote. Al Jazeera correspondent Nida Ibrahim stated that even if a new government is formed, it is "unlikely to change the situation for Palestinians in the occupied territories."
15:27
South Korea's biggest banks are preparing to increase their security spending following a wave of data breaches. Shinhan Bank and Woori Bank are reversing course after previously cutting their budgets by double digits this year. The attacks exposed customer information through systems used by employees and loan agents. Shinhan Bank has earmarked 40.59 billion won ($30.4 million) for information security this year, which is the least among the five major lenders.
15:26
ORCA Technologies, a leading Chinese company in the field of maritime embodied AI, announced that it completed its Series C funding round in July this year, led by Western High-tech Investment, with participation from Oriza Seed and Sanyuan Capital. Including the Series B+ round completed in March, the company has raised nearly 300 million yuan in total in 2026. Zhu Jiannan, founder and CEO, stated that he hopes to quickly achieve a cumulative delivery of over 10,000 self-developed unmanned vessels and various ships equipped with the ORCA-APAS system.
15:22
Seoul stocks rebounded by more than 2 percent on Friday, ending a seven-day losing streak, driven by an eased chip sector downturn and expectations regarding the Federal Reserve's rate hikes. The benchmark Korea Composite Stock Price Index (KOSPI) rose 113.83 points, or 2.05 percent, to 5,668.05. Investors engaged in bargain hunting for large-cap tech shares, particularly the country's top chip makers, which had tumbled over 10 percent in the previous session. The Korean won also traded higher against the US dollar.
15:21
HD Hyundai Chairman Chung Ki-sun will mark his first anniversary at the helm of the South Korean industrial conglomerate on Saturday (October 17). During his tenure, he has spearheaded several major M&A deals, expanded shipbuilding partnerships with the United States, and accelerated investments in new growth businesses. The 44-year-old chairman, a third-generation member of Hyundai's founding family, succeeded long-time leader Kwon Oh-gap on October 17, 2025, who became honorary chairman on the same day.
15:17
Toyota Motor Corp. plans to use its proprietary gigacasting technology to manufacture electric vehicles at its $2 billion Lexus plant in China, a move aimed at reversing declining sales in the world's largest auto market. The Shanghai plant, currently under construction, is expected to begin vehicle production in 2027. Chief Technology Officer Hiroki Nakajima stated that Toyota is developing the technology "in-house" rather than sourcing it from local suppliers.

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