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10/21
18:15
Hong Kong Financial Secretary Paul Chan said on Wednesday that the two-day APEC Finance Ministers' Meeting featured candid and substantive discussions covering macroeconomic policies, infrastructure financing, and digital cooperation. He noted that the joint statement issued at the meeting was a rare achievement, and its outcomes would help promote cross-border financing and listings, creating opportunities for Hong Kong and mainland enterprises to expand overseas. Chan also stated that participating economies left with a very positive impression of Hong Kong, believing that the city successfully hosted the meeting and enhanced its international reputation.
18:14
A report released on Wednesday by Bain & Co., Google and Temasek Holdings states that the expanding use of AI for product recommendations and content creation in e-commerce will boost Southeast Asia's digital economy despite economic uncertainty and still very low monetization of the technology. Private funding for infrastructure is soaring.
18:12
Li Auto unveiled its "Li Auto Lianshan" electric technology system on October 20, covering batteries, electric drives, supercharging equipment, and its self-built charging network. The company pledged that if a self-developed battery causes a vehicle to be scrapped due to spontaneous combustion from a quality issue, it will compensate with a new vehicle of the same configuration.

Li Auto stated that its self-developed 5C ternary lithium battery has been mass-produced and delivered with the new L8, achieving a CLTC pure electric range of 430 kilometers. The 2026 i6 two-wheel-drive version will have a CLTC range of 780 kilometers, an 8% increase over the 2025 model. The company also revealed that it has built power module and electric drive assembly factories in Suzhou and Changzhou, with a 700 million yuan investment in equipment and production lines, and has accumulated 4 million self-developed power chips installed in vehicles. As of October 20, Li Auto has built 4,200 supercharging stations and 23,000 supercharging piles, with plans to double the number of 5C supercharging guns to 8,300 before the Chinese New Year in 2027.
18:12
Intesa Sanpaolo SpA is working on a large-scale risk transfer to hedge over 5 billion euros (approximately $6 billion) in credit assets, Bloomberg Markets reported. This move indicates continued demand for high-risk instruments despite market concerns about debt and geopolitical tensions.
18:05
NVIDIA is expanding its family of open models across language, robotics, biology, and quantum computing, aiming to provide European developers, researchers, and enterprises with the tools needed to build localized, industry-specific applications. The portfolio includes the new Nemotron 3.5 Super VL and Nemotron 3.5 Bolt models, the Nemotron Retriever model for embeddings and document parsing, the Kumo open-weight foundation model and libraries for structured business data, the Cosmos 3.5 world model, Alpamayo 2 Edge for autonomous vehicles, BioNeMo for healthcare and scientific discovery, and the Ising model for quantum computing. These open models offer organizations a foundation that can be customized with local data and deployed on their own infrastructure.
18:04
The UK Financial Conduct Authority (FCA) has banned Jeffrey Dawkins, former CEO of Vector Wealth Ltd, from holding any position and fined him nearly £270,000. The FCA stated that Mr. Dawkins dishonestly acted as a "front" for a disqualified director, using the company to sell high-risk bonds, leading to an estimated loss of approximately £4 million for investors. Additionally, the FCA has banned Kadir Kanizi, former senior manager at Vector Wealth, from holding senior management positions and fined him for failing to ensure consumers received appropriate risk warnings.
18:03
Sun Hung Kai Properties (SHKP), one of Hong Kong's largest developers, sold out the latest batch of 128 apartments at its Sierra Sea project in the New Territories on Wednesday. The apartments were sold at discounted prices, starting from HK$12,714 per square foot, with individual units priced between approximately HK$5.47 million and HK$9.87 million. This move comes amidst the possibility of the U.S. Federal Reserve raising interest rates before the end of the year. Centaline Property Agency stated that long-term investors accounted for 60% of Wednesday's buyers, and it expects primary market transactions to reach 2,000 to 2,200 units this month, a six-month high.
18:03
EPS: $6.99, market expected $4.71
Revenue: $50.44 billion, market expected $49.22 billion
Reporting Period: FY2026 Q3 (ended September 30, 2026)
Release Date: October 21, 2026
18:03
EPS: $2.11, market expectation $1.92
Revenue: $6.55 billion, market expectation $6.56 billion
Reporting Period: FY2026 Q3 (ended September 26, 2026)
Release Date: October 21, 2026
18:03
EPS: $6.68, market expected $6.4
Revenue: $12.14 billion, market expected $11.95 billion
Reporting Period: FY2026 Q3 (ended September 27, 2026)
Release Date: October 21, 2026
18:02
According to CCTV News, citing US officials, the United States is deploying the USS Theodore Roosevelt Carrier Strike Group and the 13th Marine Expeditionary Unit to the Middle East, expected to arrive by the end of November, which will increase US forces in the region by approximately 10,000 personnel. Meanwhile, the Financial Times, citing informed sources, reported that Israeli Prime Minister Netanyahu had instructed the military to develop specific offensive plans against Iran, targeting civilian infrastructure, nuclear facilities, and objectives related to the Iranian regime, but these plans were paused due to opposition from US President Donald Trump. Iranian Foreign Minister Araghchi warned in an interview aired on Iraqi television on October 20 that the US and Israel might "launch a new war," but stated that Iran is fully prepared. Analysts warn that any new strike against Iran could re-entangle US forces and Gulf Arab states in a regional war and significantly impact energy prices. On Wednesday, crude oil prices continued to rise, with Brent crude breaking above the $110 mark and WTI crude surpassing $100.
18:01
Armed forces of Yemen's internationally recognized government stated they repelled an attack by Houthi forces on the western front of Taiz city. The statement claimed that fighting had been ongoing since morning near the city's old airport and the Madarat area, with Houthi forces suffering casualties and equipment losses. The Saudi-backed Yemeni government forces also reported that warplanes conducted airstrikes on Houthi personnel, combat vehicles, and missile launch pads in the western, southern, and eastern parts of the city, and shot down a Houthi drone.
17:55
French President Emmanuel Macron told reporters in Doha that France is holding talks with all parties in the Middle East to try to de-escalate tensions in the region. He also stated that discussions would be held on providing support to the Lebanese army, which he said is backed by international forces. Macron also expressed regret over the withdrawal of the United Nations Interim Force in Lebanon (UNIFIL) from the country.
17:55
Aliko Dangote's company, owned by Africa's richest man, acquired a 25% stake in Kenya Pipeline Company for $327 million, a move aimed at expanding its energy empire across the African continent, Bloomberg Markets reported. Aliko Dangote, founder and CEO of Dangote Industries Ltd., revealed the news at an event in London on Wednesday, but did not specify which of his companies made the acquisition.
17:48
Former Israeli Ambassador Alon Pinkas told Al Jazeera that Israel's diplomatic isolation will not significantly alter voters' choices in the upcoming election. Pinkas noted that anti-Netanyahu voters primarily blame the Prime Minister for the country's isolation, rather than broader government policy. He added that some believe the isolation will disappear once Netanyahu is out, while others are confident Israel can withstand such pressures with Donald Trump's support. Pinkas stressed that regardless of the outcome, Israel's status as an "outcast" in parts of Western Europe and among younger US Democrats will be a new challenge for the government.
17:40
Investor concerns about France's fiscal outlook have pushed the country's government bond risk premium to nearly 160 basis points, a 15-year high.
17:36
Russian President Vladimir Putin announced that Russia has agreed to release American citizen Stephen Hubbard, who was jailed for allegedly fighting on behalf of Ukraine. Hubbard has been taken to Pulkovo Airport. Putin made the statement during talks with US envoy Steve Witkoff in St Petersburg. Hubbard, originally from Michigan, was sentenced to almost seven years in a penal colony in 2024 at the age of 72.
17:33
Carrefour cut its full-year 2026 financial forecasts, citing worsening social unrest and security conditions in France that are weighing on consumer spending. The company now expects operating margin growth of just 0 to 15 basis points, down from a previous expectation of a 25 basis point rise, and forecasts flat to slightly higher adjusted earnings per share, reversing earlier expectations for high-single-digit growth.
17:31
The Saudi-led coalition stated that its forces are engaged in fierce combat with Houthi rebels in Yemen's southwestern Kahboub region, attempting to repel a large-scale attack, and are under heavy bombardment from the Houthis. A coalition spokesperson said the conflict is ongoing with "intensive air cover" from coalition and Yemeni forces, describing the current situation as "very dangerous."
17:27
British consumer price inflation rose to 3.5% in September, up from 3.1% in August, exceeding economists' forecasts of 3.4% and the Bank of England's 3% prediction. This marks the highest inflation rate since October 2025, driven by higher petrol and diesel costs. Separately, government borrowing also rose more than expected, pushing public debt above £3 trillion (US$4.01 trillion). These figures reinforce expectations for the Bank of England to raise its benchmark Bank Rate to 4% on November 5. Services price inflation also increased to 3.7% from 3.4% in August, while factory gate prices rose by 4.6% in the 12 months to September, the biggest increase since April 2023.

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