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10/29
16:59
Chairman of the Korea Battery Industry Association: South Korean battery industry shows early signs of recovery
Eom Ki-cheon, Chairman of the Korea Battery Industry Association and CEO of Posco Future M, stated on Thursday that the South Korean battery industry is showing early signs of recovery as stalled electric vehicle (EV) projects resume and growing demand for energy storage systems (ESS) offsets the slowdown in the U.S. EV market. He noted that global EV projects began to restart late last year, which is expected to drive a gradual rebound in the battery supply chain.
16:48
Iran's September consumer prices surged 90% year-on-year, as the Economy Minister apologized for the soaring cost of living.
Iranian households are facing increasing cost-of-living pressures, exacerbated by eight months of war with the United States, Al Jazeera reported. Official data shows that consumer prices rose by approximately 90% year-on-year in September, with annual inflation accelerating to 73.6%, marking one of the worst price surges in decades. Food and beverage prices soared by 121.8% year-on-year, while rents increased by 32.8%, and utility and fuel costs rose by about 38%. Iranian Minister of Economy Seyed Ali Madanizadeh apologized to citizens for the situation on Tuesday.
16:47
Binance Futures will launch multiple TradFi USDⓈ-Margined Perpetual Contracts.
16:46
Samsung SDS targets Asia-first Nvidia Vera Rubin cloud launch in March 2027, accelerating AI infrastructure push
Samsung SDS CEO Lee Joon-hee unveiled the plan during the company's third-quarter earnings call on Thursday, outlining a phased expansion of its GPU-as-a-service business, starting with Nvidia's B300 chips later this year.
16:46
Russia-Africa Summit sees increased attendance, but analysts say political incentives outweigh limited economic benefits
The Russia-Africa Summit is underway in Moscow, with 22 African heads of state expected to attend, an increase from 17 in 2023. Analysts note that Russia offers limited economic incentives compared to China and the West, with political support for military governments in countries like Mali, Burkina Faso, and Niger being a primary driver for attendance. Russia's trade with Africa was approximately $28 billion in 2025, significantly less than China's $348 billion and the EU's €355 billion ($395 billion) in 2024. Russia is involved in specific economic projects, including a gold refinery in Mali, bauxite mines in Guinea, and uranium projects in Niger. The Wagner Group's presence in Africa has been replaced by the Russia Ministry of Defence-controlled Africa Corps, which faces accusations of human rights abuses.
16:41
Bitcoin briefly fell to $80,500 after the Federal Reserve's decision, and spot Bitcoin ETFs saw net outflows of $487.2 million between October 22-27.
Bitcoin briefly dropped to $80,500 after the Federal Reserve's decision, then recovered above $81,000. On-chain data shows that spot Bitcoin ETFs experienced net outflows of $487.2 million between October 22 and 27. Analysts believe $80,000 is a critical support level, and if the $81,000-$82,000 range can be reclaimed, Bitcoin could target $84,000-$85,000.
16:41
Federal Reserve Chairman Warsh acknowledged tightening credit conditions and the impact of high interest rates on technology investments such as AI, but refused to describe overall financial conditions as "tight."
Federal Reserve Chairman Warsh acknowledged tightening credit conditions, widening credit spreads, and the impact of high interest rates on tech investments, including AI. However, he refused to describe overall financial conditions as "tight," suggesting the Fed is willing to tolerate more market pressure before changing its policy direction.
16:34
Yemen's Houthis besiege Taiz, cutting off aid to over 800,000 civilians
A mounting humanitarian crisis is unfolding in Taiz, southern Yemen, where Houthi forces have encircled the city since early October, cutting off the main road to Aden. Over 800,000 people, including 200,000 women and children, are cut off from aid and face shortages of essentials like cooking fuel, with residents reporting shelling threats.
16:31
Westpac Sets A$10,000 Monthly Crypto Payment Cap From December
The Australian bank stated that exemptions and higher limits will not be available, while withdrawals from crypto exchanges into Westpac accounts remain unchanged.
16:21
Eurozone government bond yields fell ahead of the European Central Bank (ECB) decision, with French OATs outperforming.
16:18
Iranian Foreign Minister Araghchi stated that he is promoting a "seven-day plan," and if conditions are met, the Strait of Hormuz will be reopened.
Iranian Foreign Minister Abbas Araghchi stated that Iran is in close contact with intermediaries to advance the implementation of its "Seven-Day Plan," which was proposed last month. The plan aims to reopen the Strait of Hormuz and restore normal maritime passage by ending hostilities and unfreezing Iranian assets, among other necessary conditions, after which Tehran would resume negotiations with Washington.
16:18
US Vice President Vance sent a letter to Iran proposing negotiations. Donald Trump downplayed the peace talks, stating that Vance's outreach to Iran was aimed at providing medical supplies.
According to the Wall Street Journal, U.S. Vice President JD Vance sent a letter to Iran, attempting to restart peace talks by engaging with Iranian hardliners. However, Donald Trump downplayed the idea of peace talks, stating that Vance contacted Iran to offer medical supplies. Iranian Foreign Minister Abbas Araghchi said that Iran would continue to give diplomacy a chance and maintain close contact with intermediaries to advance the implementation of its "Seven-Day Plan."
16:18
US Defense Secretary reportedly fired top military planner; US warns Middle Eastern countries to prepare for potential post-election military action against Iran.
According to the Associated Press, U.S. Secretary of Defense Pete Hegseth has removed Lieutenant General Brett Sylvia as Director for Strategy, Plans, and Policy of the Joint Chiefs of Staff, without disclosing the reason or successor; Sylvia subsequently retired. U.S. officials also advised some Middle Eastern countries to prepare for potential U.S. military action against Iran and possible Iranian retaliation after next week's midterm elections.
16:17
As the final votes are being tallied in the Israeli general election, major results are not expected to change dramatically, with Benjamin Netanyahu's bloc projected to secure 53 seats.
Israel's Central Elections Committee is counting approximately 400,000 final ballots, including those from soldiers and diplomatic staff, with completion expected by noon. Although a significant number of votes are still to be tallied, major results are not anticipated to change dramatically, and no clear winner is expected. Currently, the Netanyahu bloc is projected to win 53 seats, Eisenkot 48 seats, and the Palestinian List 19 seats.
16:04
Cheung Kong suspends sales for Yuen Long Montage residential project in Hong Kong, possibly due to required amendments in land lease documents.
CK Asset Holdings has suspended sales for its Montage residential project in Yuen Long, Hong Kong, which was originally scheduled to launch its first batch of units for marketing within days. The company did not explain the reason for the suspension, stating only that it reserves the right to suspend or initiate sales at any time, and denied market speculation that the government had withdrawn its pre-sale consent. Sources indicate that CK Asset may need to negotiate with the government to amend the project's land lease documents, a process expected to take about a month, with sales possibly resuming as early as December. This suspension comes amid widespread scrutiny of construction quality in other projects involving CK Asset's contractors, such as the Kai Tak Development project in Anderson Road, Kwun Tong, where some residential buildings will be demolished and rebuilt.
16:03
Two Palestinians were injured and seven arrested during an Israeli military operation in Hebron, amid frequent settler attacks.
According to Al Jazeera, Israeli military operations in the occupied West Bank's Hebron area have entered their seventh day, resulting in two Palestinians injured and seven arrested. The Israeli army has imposed sieges and daily raids on local Palestinian families, forcing some to evacuate. Concurrently, Israeli settlers have launched multiple attacks on Palestinians and their property in the region.
15:58
Upbit released its audit report for October 1st: Digital asset holdings reached 103.16%, and deposits reached 112.49%.
Upbit has released its on-site audit report for digital assets and deposits as of October 1, 2026. The report indicates that the exchange's holdings of digital assets, denominated in Korean Won, amount to approximately 103.16% of the digital assets owed to its members. Its deposit holdings amount to approximately 112.49% of the funds owed to its members. The report also notes a slight shortfall for three digital assets (ADD, ICZ, BTM) due to the termination of their network operations, which prevents on-chain balance inquiries.
15:54
South Korean shares fall 1.24% to 5,937.66 as Samsung disappoints on Q3 earnings and shareholder returns
South Korean shares fell 1.24% on Thursday, with the benchmark Korea Composite Stock Price Index (KOSPI) closing at 5,937.66 points, following Samsung Electronics' third-quarter earnings that slightly missed expectations and provided no updates on its shareholder-return plan. The Korean won gained ground against the US dollar. This comes after the KOSPI surged over 6% on Wednesday, led by a rally in chipmakers after SK Hynix reported strong results.
15:43
Bitcoin ETFs see $137M inflows, pushing October's net inflows to $111M
Bitcoin ETFs saw $137 million in inflows over three days, bringing October's total net inflows to $111 million despite a hawkish Federal Reserve decision and weaker crypto sentiment.
15:43
South Korean diagnostics firm Boditech Med partners with Brazil's Biosys for local production
South Korean diagnostics firm Boditech Med partners with Brazil's Biosys for local production, aiming to cut costs and expand its presence in South America. The agreement extends their existing distribution partnership into manufacturing, as Boditech seeks to strengthen price competitiveness and improve supply efficiency in Brazil.
15:41
Toyota's H1 Sales in China Fall to Nine-Year Low Amidst Fierce Market Competition
Toyota Motor announced that its sales in China for the first half of its fiscal year (April to September) fell to a nine-year low. The company and other foreign brands are facing intense competition from lower-priced domestic electric vehicles in the Chinese market, contributing to an overall market decline.
15:36
UK Budget Is Bond-Friendly, But Chancellor Healey Warns of Hard Decisions Ahead on Future Spending
15:36
Lloyds Banking Group's Q3 profit beats expectations, driven by growth in fees and net interest income, and maintains full-year guidance.
15:32
South Korean Coex opens two international trade shows in Vietnam with 147 exhibitors
South Korean convention and exhibition organizer Coex opened the Vietnam International Franchise Show 2026 and Coffee Expo Vietnam 2026 in Ho Chi Minh City on Thursday. The events bring together 147 companies from 10 countries, featuring a combined 430 booths, to explore business opportunities in Vietnam's franchise and coffee markets.
15:32
Israeli attacks on Gaza kill at least 4 Palestinians, with multiple areas shelled and air-struck
The death toll from Israeli attacks on war-battered Gaza has risen to at least four Palestinians, with over 30 wounded, including 11 people injured in artillery shelling targeting a house east of Gaza City. Attacks were reported in al-Mawasi, al-Tuffah, Bureij refugee camp, and Jabaliya refugee camp.
15:31
Five days until the US midterm elections: Democrats lead Republicans by 8.2 percentage points in national polls, with key figures such as Donald Trump, Barack Obama, and Vice President Vance campaigning intensively.
With five days left until the US midterm elections, a nationwide poll shows Democrats leading Republicans by 8.2 percentage points, 51.4% to 43.2%, though several Senate races remain tightly contested. Major political figures—including President Donald Trump, former President Obama, and Vice President JD Vance—are ramping up campaign activities. Trump stumped for Republican candidates in Ohio on Wednesday, while Obama campaigned for Democratic candidates in Georgia. Trump plans to continue his campaign swing with stops in South Carolina on Thursday, Florida on Friday, and Kansas on Saturday, while Vice President Vance will hold a rally in Texas.
15:19
Shell reports second-highest profit in history, with record refining margins, due to the Iran war and the Russia-Ukraine conflict limiting global fuel production capacity.
15:18
South Korea Considers Deploying Maritime Patrol Aircraft to Strait of Hormuz; President Lee Jae-myung Rules Out Combat Deployment
South Korea's National Security Advisor, Wi Sung-lac, stated that Seoul is still considering various options for deployment to the Strait of Hormuz, including sending maritime patrol aircraft. He revealed to a parliamentary committee that South Korea continues to discuss possible actions with the United States, but President Lee Jae-myung has ruled out combat deployment. The Strait of Hormuz is a critical transit point for global oil and gas supplies, and the South Korean economy heavily relies on energy supplies passing through it. Since the outbreak of the US-Israel war in February, Iran has been attempting to control the waterway and has attacked vessels it accuses of "unauthorized" passage through the strait.
15:17
Coinbase CEO Brian Armstrong Predicts: Stablecoins and AI Will Disrupt the Subscription Economy Model
Coinbase CEO Brian Armstrong predicts that stablecoins combined with AI-driven payment methods, particularly through Coinbase's x402 payment protocol launched in May 2025, will revolutionize internet content payment models and end the current subscription economy era. He believes that in the future, consumers will be able to use AI agents to make micropayments with stablecoins for single articles or other digital services, rather than being forced into monthly subscriptions. Coinbase partnered with Amazon Web Services (AWS) in June this year, enabling publishers using AWS CloudFront and Web Application Firewall to monetize requests from AI agents via the x402 protocol; Cloudflare also launched a closed beta of its x402-enabled monetization gateway in September.
15:15
Hong Kong Housing Bureau Chief Resigns Amid Probe into Decades' Deadliest Fire
Hong Kong Chief Executive John Lee announced that the Secretary for Housing has resigned following an investigation into the city's deadliest fire in decades, after the government faced pressure to hold officials accountable.

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