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11/2
14:19
Stock exchange operator Euronext NV has joined the Nordic Compass alliance, a consortium of three dozen of Northern Europe’s largest companies advocating for closer regional ties. The alliance is set to lay out its agenda at an inaugural summit this week, which is expected to include proposals to further integrate the region’s capital markets.
14:16
The Governor of Hebron told Al Jazeera that Israeli forces have withdrawn from the entire city of Hebron in the occupied West Bank, following an Israeli siege. The governor added that Palestinian security forces have full control of the area, and families forced to leave their homes can now return.
14:07
South Korean President Lee Jae Myung unveiled the country's largest ever budget on Monday, pledging to "boldly invest in AI and future growth engines." The 2027 budget will rise 12.8% to 820.9 trillion won ($610.14 billion), including 21.3 trillion won for semiconductors, physical AI, and AI data centers. A separate 4.7 trillion won will go toward developing a sovereign AI model. The government also plans to invest heavily in talent, including training 2,000 specialists to lead semiconductor design and expanding AI education.
14:06
Samsung SDS announced Monday that construction is underway on its new artificial intelligence data center in Gumi, North Gyeongsang Province. The facility, scheduled for completion by the end of 2028, will initially have a power capacity of 60 megawatts, with plans to double it to 120 MW through phased expansion as demand for AI computing grows. Samsung SDS approved a 427.3 billion won ($319 million) investment for the 46,000-square-meter site in January.
14:06
A wallet linked to the massive $6.3 billion Binance hack has moved 80 million XRP worth approximately $100.9 million to two unknown addresses. The transfers, which occurred on November 2nd UTC, took place shortly after Binance began to restore cryptocurrency withdrawals following the unprecedented security breach it faced on October 29th. It remains unclear why these transfers were made, and there is no indication that the funds have been sent to a crypto exchange or sold yet.
14:05
Swire Properties CEO Tim Blackburn stated the company is exploring listing its mainland Chinese commercial assets on the country’s real estate investment trust (Reit) market. This move aims to unlock capital, as greater clarity over land-lease renewals opens new avenues for such strategies.
13:49
Brent crude futures fell 3.2% to $109.75 a barrel, while US West Texas Intermediate (WTI) crude dropped 3.3% to $100.69. According to Reuters, the decline is attributed to renewed hopes for diplomatic progress in indirect talks between the US and Iran, coupled with the absence of significant military escalation over the weekend. This follows Brent crude ending October at a six-month high amid concerns over potential conflict escalation after the US midterm elections.
13:47
Bitcoin traded at around $78,300 as of 13:00 Singapore time on Monday, up about 1% on the day but still about 4% below its high last Thursday before Binance disclosed a hack, according to Bloomberg. The report noted that the attack resulted in the theft of $6.3 billion in user funds; Bitcoin's resilience was widely attributed to Binance's swift commitment to cover all losses.
13:47
According to Lookonchain monitoring, a whale spent $62.97 million to buy 27,553 ETH at an average price of approximately $2,286 within 5 hours before its disclosure.
13:39
South Korean builder Daewoo Engineering & Construction urged the government on Monday to mediate its dispute with Korea Hydro & Nuclear Power (KHNP) over a Czech nuclear project, warning that finding a replacement builder could jeopardize the project's schedule. This appeal came four days after KHNP ended subcontract negotiations with a Daewoo-led consortium, which includes Doosan Enerbility, due to disagreements over construction costs and responsibility for additional work arising from design changes. Daewoo has formally requested intervention from the Ministry of Trade, Industry and Energy.
13:33
South Korea's Fair Trade Commission (FTC) conducted two on-site inspections of Woojin Industrial Systems, the country's second-largest railway rolling stock manufacturer, but found no clear evidence of bid rigging, an industry source familiar with the matter said on Monday. The FTC launched an investigation into Woojin and at least one other parts supplier on October 21, following suspicions of collusion in railway parts procurement tenders.
13:32
Trita Parsi, Executive Vice President of the Quincy Institute, stated that the results of the U.S. midterm elections will have a "significant impact" on the evolution of the war in Iran. Parsi told Al Jazeera that if the Republican Party loses in the midterms, Donald Trump could "become more reckless" on the Iran issue, noting that Israel might pressure Donald Trump to "start a third round of war" before the new Congress takes office.
13:31
South Korea's Financial Services Commission announced a local corporate financing support plan on November 2: Banks plan to contribute 300 billion KRW over three years, with guarantee institutions providing financing guarantees approximately 15 times the contributed amount. This initiative aims to facilitate approximately 4.5 trillion KRW in guaranteed loans to small and medium-sized enterprises (SMEs) and mid-sized companies in relevant regions over the next three years. Loan provisions are scheduled to begin in Q1 2027, with eligible companies recommended by local governments and reviewed by an expert committee.
13:31
According to a statement from Gate shared by Lookonchain, Gate has identified and frozen two related accounts. The relevant information has entered its due diligence process, and Gate will cooperate with law enforcement and subsequent investigations.
13:28
South Korea has postponed its plan to shorten the stock settlement cycle to T+1 until 2028, allowing financial institutions and overseas investors more time to prepare. This move aims to address industry concerns about rising costs and operational risks. The plan would reduce the settlement cycle from two business days to one, enabling investors to receive proceeds from stock sales more quickly and reducing capital tied up in unsettled trades. The Korea Exchange initially planned to implement this reform in the second half of 2027, aligning with Europe's implementation timeline.
13:25
Financial Times analysis indicates that safety breaches are raising doubts about the ability of leading labs to keep increasingly powerful AI systems in check.
13:25
The Financial Times states that the AI mania cannot survive higher interest rates, as the price of money is the pin that deflates market bubbles.
13:23
The 19 wallet addresses controlled by the Binance hacker collectively hold 18,270 stolen Bitcoins. Since last Thursday, these addresses have received no other incoming transactions apart from small Bitcoin transfers valued at less than $1. Each small transfer includes a message, ranging from pleas for help and money laundering proposals to token promotions.
13:16
In its October "Outlook for Economic Activity and Prices" report, the Bank of Japan (BOJ) stated that it expects the year-on-year growth rate of the consumer price index (CPI), excluding fresh food, to accelerate to a level significantly above 2%. This acceleration is primarily attributed to factors such as the pass-through of wage increases, rising crude oil prices, global AI-related demand pushing up semiconductor prices, and the depreciation of the Japanese Yen. The report noted that thereafter, as the impact of elevated crude oil prices wanes, the growth rate is projected to return to around 2% in the latter half of the forecast period. The BOJ slightly raised its CPI growth forecast for fiscal year 2027 and warned that the risks to the CPI outlook are skewed to the upside, with a potential for inflation to deviate upwards from the 2% target.
13:16
In its October "Outlook for Economic Activity and Prices" report, the Bank of Japan (BOJ) stated that it expects Japan's economy to continue moderate growth in fiscal 2026, but at a slower pace, primarily dragged down by rising energy and raw material prices due to the situation in the Middle East. The report noted that government measures, accommodative financial conditions, and growing global AI-related demand would provide support. The BOJ anticipates that as the adverse effects of high energy and raw material prices diminish and the virtuous income-expenditure cycle gradually strengthens, the economic growth rate will moderately pick up from fiscal 2027 onwards. Compared to the previous report, the real GDP growth rate forecast remained largely unchanged.
13:07
Morgan Stanley and JPMorgan Chase & Co. have initiated coverage of National Stock Exchange of India Ltd. (NSE) stock with overweight ratings. This backing comes despite NSE shares mostly trading below their initial public offering price since listing in September, as Wall Street brokers expect the bourse’s dominance to grow in India’s deepening capital markets.

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