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10/20
18:49
Dr. Sultan Al-Khulaifi, a senior researcher at the Center for Conflict and Humanitarian Studies, stated that relations between Gulf countries and Iran have been "fraught with suspicion" since the 1979 Iranian Revolution. He noted that Gulf countries particularly oppose the idea that "certain ideals should spread to the Arab world," leading to a low starting point for relations, and historical reconciliation attempts have repeatedly failed due to regional developments. Al-Khulaifi added that Iran currently operates based on different centers of power, such as religious leaders and the IRGC, and communication among the leadership is becoming difficult, especially after the current war, with the emergence of new power centers.
18:46
General Motors (GM) reported Q3 revenue of $50.02 billion, surpassing the expected $48.70 billion, and adjusted EPS of $3.70, above the $3.63 estimate. However, its adjusted EBIT of $4.11 billion fell short of the $4.25 billion expectation. The company also issued FY2026 guidance for adjusted EPS at $12.75–$13.75 (vs. $13.40 expected) and adjusted EBIT at $14.5B–$15.5B (vs. $14.78B expected).
18:46
HSBC CEO Georges Elhedery stated that while AI is a transformative technology, investors must be selective when investing in data centers, emphasizing the need to scrutinize the quality of tenancy agreements and contract pricing. HSBC, ranked as the world's seventh-largest bank, is both a financier and operator of data centers. McKinsey projects global data center spending could reach $7 trillion by 2030, with JPMorgan Chase estimating $4.1 trillion in AI-related debt issuance by the end of the decade, yet AI borrowing is becoming a source of tension in financial markets.
18:45
On October 19, CATL, Contemporary Amperex Energy Service Technology Ltd. (CAES), and Huawei's Intelligent Automotive Solution Business Unit (IAS BU) signed a strategic cooperation agreement for an intelligent energy replenishment ecosystem in Ningde, Fujian. This collaboration aims to gradually integrate cooperative vehicle models equipped with Huawei Qiankun solutions into CATL's Choco-SEB battery swap network, exploring unmanned scenarios where vehicles autonomously proceed to battery swap stations for energy replenishment. CATL hopes this move will attract more automakers to adopt battery swap solutions and promote the development of its battery swap business.
18:45
Montage Technology disclosed its Q3 2026 performance pre-announcement, expecting to achieve revenue of approximately 2.079 billion yuan, a year-on-year increase of about 46.0%. The company anticipates net profit attributable to shareholders to be between 1.2 billion and 1.3 billion yuan, a year-on-year increase of 153.6% to 174.7%; and non-IFRS net profit attributable to shareholders to be between 950 million and 1.05 billion yuan, a year-on-year increase of 152.6% to 179.2%. The performance growth is primarily attributed to increased shipments of interconnect chips and an improved product mix, with a higher proportion of DDR5 high-generation product shipments driving a steady increase in gross margin. The company also expects demand for related products to further increase in the fourth quarter.
18:33
The National Office of Investigation said Tuesday it had identified suspected violations of financial security laws, including the Electronic Financial Transactions Act, in addition to the Information and Communications Network Act, in a series of hacking cases involving major banks and other financial institutions.
18:32
Pakistan's army chief, Field Marshal Asim Munir, has arrived in Tehran with a delegation to meet senior Iranian officials. According to Iran's Tasnim news agency, Munir is expected to discuss diplomatic efforts to resolve the conflict between Iran and the US, as well as broader regional developments. Pakistan has played a central mediating role between Washington and Tehran during the US-Israel war.
18:31
Pernod Ricard, the French spirits giant, is planning its inaugural hybrid bond issuance while simultaneously repurchasing some of its outstanding senior debt, Bloomberg reported. This move aims to address upcoming debt maturities, following a negative shift in the company's credit rating outlook and rising debt risks in France.
18:28
Mt. Gox extended its repayment deadline by another year as some creditors remain unpaid due to incomplete procedures and payment processing issues.
18:27
The South China Morning Post reported, citing sources, that the Hong Kong Monetary Authority (HKMA), the city's de facto central bank, will restructure the roles of two deputy chief executives starting November 9 as part of its succession plan. Darryl Chan Wai-man will take over as chief executive of the HKMA's Exchange Fund Investment Office, responsible for managing the HK$4.46 trillion (approximately US$568 billion) Exchange Fund; Howard Lee Tat-chi will succeed Chan Wai-man in the monetary management role. The restructuring aims to cultivate the next generation of leaders as some senior executives have reached retirement age.
18:27
Goldman Sachs has raised its copper price forecast, expecting it to reach $14,700/ton by the end of 2026 and average $15,400/ton in 2027, up from previous estimates of $13,735 and $13,800. The bank projects supply deficits outside the US to reach 950,000 tons in 2026 and 220,000 tons in 2027, driven by declining mine output and strengthening Chinese demand.
18:24
Bitcoin slipped 0.5% to around $81,400 on Tuesday, despite U.S. spot Bitcoin ETFs attracting $526.6 million on Monday, their largest daily inflow in nearly a month. The decline was attributed to a broader market downturn, with South Korea’s Kospi index falling 3.73% to its lowest close since April 7, as SK Hynix and Samsung Electronics shares dropped amid renewed concerns over AI spending. Options traders are reportedly seeking downside protection.
18:24
The digital gold market has expanded to approximately $55 billion, a 2.5 to 3-fold increase since early 2025, representing about 8% of global gold ETF holdings, the World Gold Council (WGC) stated on Monday. The WGC projects the market size could reach $170 billion by 2031, driven by the proliferation of tokenized investment products. A Boston Consulting Group report indicates that cumulative spot trading volume for tokenized gold surpassed $90 billion in Q1 2026, exceeding the total for all of 2025. Among these, Tether's tokenized gold product, Tether Gold, has seen its market capitalization rise to $3.3 billion.
18:18
The Director of the Media Office of the Qatari Ministry of Foreign Affairs stated that during his visit to Lebanon last week, the Foreign Minister met with Lebanese President, Prime Minister, and other officials, confirming Lebanon's security and sovereignty, and emphasizing that Israeli forces must withdraw from Lebanon in accordance with UN Security Council resolutions.
18:16
Qatar's Ministry of Foreign Affairs, through its Media Director, stated that Iran must cease its irresponsible attacks in the Strait of Hormuz, which harm the region and its people. The ministry emphasized the necessity of adhering to international law regarding freedom of navigation and that the Strait of Hormuz should remain open. Qatar believes that the solution to the US-Iran crisis must be peaceful, and a peaceful resolution at the negotiating table is the only way to maintain regional security and stability.
18:15
The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first retail Bitcoin exchange-traded fund (ETF). The regulator granted an exemption from diversification rules for the ETF, while requiring robust custody safeguards and clear warnings to investors about potential volatility and losses.
18:14
Fintech firm Revolut is experiencing a widespread outage affecting payments, transfers, and withdrawals. Separately, Google Cloud also reported issues in Europe on Tuesday, with multiple services experiencing errors, according to the company’s website.
18:12
Hong Kong Financial Secretary Paul Chan Mo-po stated on Tuesday at the APEC Finance Ministers' Meeting that geopolitical uncertainties pose downside risks to financial markets and called for a prudent approach. He noted that global economic growth is uneven and under pressure, but Asia continues to outpace global growth, supported by technology-related trade and investment. Chan mentioned that Hong Kong's merchandise exports grew by over 40% in the first eight months of this year, and approximately 70% of IPO proceeds came from AI-related companies. However, he warned that overconcentration in AI-related assets could amplify market corrections across sectors and borders, and geopolitical disruptions would also limit fiscal space. He emphasized that managing these risks requires fiscal prudence, vigilant financial regulation, and closer cooperation in information sharing, risk monitoring, and contingency response.
18:09
Global investors are flocking to the credit default swap (CDS) market to hedge against potential credit risks stemming from the AI infrastructure investment boom. According to Morgan Stanley data, the average weekly trading volume of CDS linked to bonds from Oracle, SpaceX, Google (Alphabet), Amazon, Meta, Broadcom, and NVIDIA surpassed $9 billion in September, up from less than $2 billion in July. Concurrently, the five-year CDS spreads for Meta, NVIDIA, Google, and Amazon have all risen to historical highs. Oracle's CDS spread was reported at 322 basis points on Monday, while SpaceX's climbed to 226 basis points earlier this week. Emerging cloud service provider CoreWeave's five-year CDS spread is approximately 1090 basis points, reflecting market concerns about its credit pressure.
18:06
Cryptocurrency exchange Bitget plans to acquire a Thai crypto exchange, a move aimed at entering the Thai crypto market through a locally licensed operator. This comes weeks after Bitget suffered a $388 million hack.
18:05
French President Emmanuel Macron will meet Qatar's emir today to discuss "many regional matters of mutual concern," according to Qatar's Foreign Ministry.

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