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11/2
13:05
WeBank Technology Services, the fintech arm of Tencent Holdings' Chinese online lending giant WeBank, generated tens of millions of dollars in revenue in Southeast Asia last year, driven by strong demand for digital banking infrastructure in the region. The company, established in Hong Kong in June 2024, aims to tap into markets along the "Belt and Road" initiative and is currently experiencing rapid growth in countries such as Indonesia, Malaysia, and Thailand.
12:50
LME copper rose 0.5% to $14,229.50 a ton, after falling 1.4% on Friday to end a three-week losing streak. A rebound in tech stocks and a retreat in oil prices eased concerns about global economic growth.
12:33
Donald Trump stated at a midterm election rally in Salina, Kansas, on November 1 that the United States has "dominated" Iran and "can shut them down whenever we want." He added that the U.S. is trying to be friendly, but will eventually "shut down" Iran, which would be "the end."
12:29
The Hong Kong Monetary Authority (HKMA) has unveiled the next phase of its Fintech 2030 strategy, focusing on new technology initiatives alongside enhanced governance and risk management. HKMA chief executive Eddie Yue announced the launch of Project Sage to examine the application and governance of "agentic finance," which are AI systems capable of executing tasks on behalf of users. A cross-sector expert panel will explore use cases, sandbox testing, interoperability standards, and governance safeguards. The HKMA is also issuing a discussion paper on banks’ use of agentic AI and will launch a post-quantum cryptography toolbox with the Hong Kong University of Science and Technology. Additionally, the HKMA is introducing tokenised central bank money to enable 24/7 settlement of interbank tokenised deposits, aiming to expand participating banks for round-the-clock cross-lender transfers and facilitate global liquidity management and retail tokenised financial product investments.
12:27
The deal is designed to "minimize political sensitivity" amid China pressure, aiming to provide a strategic anchor between the Asian tech powers and break a logjam in Taiwanese trade diplomacy.
12:19
Saeed Jalili, a representative of the Supreme Leader to Iran's Supreme National Security Council, stated that Iran's self-reliance has driven major world powers to despair. He made these remarks at a pro-government demonstration, which have been held daily across Iran since the attacks launched by the US and Israel in February.
12:15
Canadian company Fairfax Financial Holdings plans to acquire India's state-owned IDBI Bank for $5.5 billion, but the move has met with opposition from the bank's employees and Indian politicians. The IDBI Bank union has called on the government to cancel the privatization process and instead strengthen the bank, protecting public investment and employee interests. Indian opposition leader Rahul Gandhi also supported the employees, stating that public banks are tools for nation-building, not assets for sale. India's Finance Minister Nirmala Sitharaman, however, said that IDBI Bank was previously in poor condition but has recovered after a 250 billion rupee (approximately $2.6 billion) recapitalization and is preparing for its next phase of growth. Additionally, media reports suggest that government officials may have undervalued IDBI to make Fairfax's offer of 81 rupees per share appear more attractive, while the average fair value is 75.99 rupees per share.
12:13
The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn, or losses at another firm could affect their operations.
12:04
Reliance Industries Ltd., India's most valuable company, saw its shares surge by the most in nine months after its earnings surpassed analyst expectations, primarily driven by strong performance in its oil-to-chemicals business.
11:59
The Hong Kong Monetary Authority (HKMA) and Invest Hong Kong today co-hosted the 2026 Hong Kong FinTech Week. During the event, the HKMA announced several new initiatives aimed at strengthening Hong Kong's FinTech capabilities and benefiting businesses and individuals.

Specific measures include: collaborating with Cyberport to launch tConnect Launchpad to explore and validate innovative use cases and accelerate the adoption of tokenization in Hong Kong; and accelerating the connection of the Faster Payment System (FPS) with UnionPay International (UPI) by the end of this year, gradually enabling users to make QR code payments at over 100 million merchants in Hong Kong, mainland China, and more than 40 overseas markets. HKMA Chief Executive Eddie Yue stated that Hong Kong has new growth opportunities in the FinTech sector and will continue to promote responsible innovation and sustainable development.
11:49
RLUSD supply on XRPL dropped by nearly 29%, but reserves in one XRP trading pool remained largely unaffected. According to CryptoSlate, DefiLlama data shows that as of October 31, the RLUSD supply on XRPL was 707 million, a 28.7% decrease in one day. However, ledger observations from October 29 to October 31 revealed that the XRP balance in an XRP/RLUSD trading pool declined by less than 1%, while the RLUSD balance slightly increased, with the reasons for this remaining unresolved.
11:48
Iran's Foreign Minister Abbas Araghchi detailed seven conditions for peace talks and the reopening of the Strait of Hormuz. These include: lifting US sanctions, reducing the US military presence in the region, reinstating oil waivers, releasing frozen Iranian funds, formally recognizing a new Iran-Oman shipping route in the Strait of Hormuz while closing others, ending the war on all fronts (particularly Israel’s attacks on Lebanon), and ending the US naval blockade of Iranian ports and interference in its internal affairs.
11:33
Samsung Display is reportedly set to produce OLED panels with privacy technology for the Galaxy S27 Pro to boost high-end smartphone profitability. According to a report last week by display industry research firm UBI Research, Samsung Display is expected to begin production of advanced organic light-emitting diode (OLED) panels with built-in privacy technology for the upcoming Galaxy S27 Pro this month, with plans to produce approximately 700,000 panels in November. This move aims to help Samsung Electronics expand its high-end smartphone product line and improve profitability amidst rising component costs.
11:02
OpenAI CEO Sam Altman made an unannounced visit to South Korea over the weekend, meeting with Samsung executives and reportedly SK Group Chairman Chey Tae-won. Discussions covered AI developments, potential business opportunities, and cooperation on AI chips and data centers, building on OpenAI's existing Stargate initiative to expand global AI infrastructure through partnerships with leading chipmakers like Samsung Electronics and SK Hynix.

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