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11/3
09:16
Bloomberg reports that Pakistan's stock market rally, record foreign exchange reserves, and improved credit rating indicate signs of economic recovery; however, the report suggests that the underlying recovery behind these surface indicators remains unconvincing.
09:16
According to Wu Blockchain, Tether CEO Paolo Ardoino stated at the Plan ₿ Forum in Lugano that the company holds approximately 150,000 Bitcoins, serves over 730 million global users, and adds about 30 million new wallets each quarter. The post cited Tether's Q3 2026 reserve attestation report, which indicated the company directly holds approximately $122.8 billion in U.S. Treasury bills, with the total amount including repurchase agreements being about $132.4 billion, and excess reserves of approximately $7.95 billion. The aforementioned user and holding figures were stated during the speech and do not represent new purchases made at this time.
09:16
Chinese President Xi Jinping met with Sultan Haitham bin Tariq of Oman in Beijing on November 2. The two sides agreed to deepen cooperation in oil and gas, renewable energy, technology, and supply chains. Oman also proposed a preferential trade and investment agreement. This move aims to address China's vulnerability in Middle East energy supply, which was exposed by the ongoing conflict in the region. Oman, with its ability to export oil and natural gas via routes outside the Strait of Hormuz, has become a key strategic partner for China in securing alternative energy supplies and trade routes.
09:15
The People's Bank of China (PBOC) announced on Tuesday that it will raise the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points, effective November 15, bringing the ratio to 6%. This move aims to strengthen liquidity management for financial institutions.
09:09
BitMine Chairman Tom Lee believes the crypto market's muted reaction to the $6.3 billion Binance hack (Ethereum only falling about 4%) is a signal of an ongoing bull market, reflecting the industry's growing resilience. He noted that this is far less than the 20% drop in Ethereum within a week after the $1.5 billion Bybit hack in February 2025. BitMine has continuously increased its holdings of Ethereum, purchasing an additional 8,573 ETH last week, bringing its total holdings to 6.06 million ETH, representing approximately 4.9% of Ethereum's circulating supply.
09:06
The U.S. military has conducted a series of covert strikes on Iran's Qeshm Island in recent weeks, The Wall Street Journal reported, citing anonymous U.S. officials. The attacks occurred after President Donald Trump downplayed the possibility of war with Iran following the midterm elections, despite his previous statements about a potential diplomatic agreement. The Pentagon referred questions to U.S. Central Command, but a U.S. official told The Wall Street Journal that the current administration has been continuously addressing threats faced by the U.S. in the region.
08:48
Al Jazeera reported that an Israeli drone strike today targeted a civilian vehicle in Gaza City, killing at least one Palestinian man and injuring five others who were hospitalized. The report noted that the increasing use of Israeli drones and quadcopters has intensified fear among Palestinians. Statements from Israel regarding future plans for Gaza have further exacerbated these concerns. The attacks are ongoing, and the second phase of negotiations for the Gaza ceasefire agreement, brokered last year, has not yet achieved a breakthrough.
08:34
Lebanon's National News Agency (NNA) reported that Israeli drones flew at low altitudes over parts of the Tyre district in southern Lebanon, including over Jabal Amel Hospital and near the el-Buss area. Concurrently, Israeli artillery shelled the Zebqine Valley, the town of al-Mansouri, and the outskirts of Haddatha. Additionally, Israeli forces raked the town of Khiam with heavy machine gun fire and launched flares over Bani Haiyyan. A picture taken on November 2 showed Israeli excavators demolishing houses in the town of Zawtar ash-Sharqiyah.
08:29
Gold stabilized after posting its biggest gain in two months on Monday, boosted by hopes for peace talks between the US and Iran. Market optimism about a breakthrough in negotiations sent oil prices tumbling and eased concerns about accelerating inflation.
08:24
The UK and France will lead 12 European countries in military exercises in Poland, rehearsing the deployment of nearly 3,000 troops to Ukraine after a peace agreement is reached. Western officials emphasized that any troops sent to Ukraine would not participate in offensive operations or act under NATO command, with the aim of providing assurances to Ukraine and assisting in the rebuilding of its armed forces. Russia has previously expressed opposition, stating that foreign troops would be "legitimate targets."
08:24
Tehran states that the US must lift its naval blockade and fully meet its demands before any agreement can be reached. This follows US Vice President Vance's indication of “progress” in indirect talks with Iran.
08:11
CNBC host Jim Cramer said on Monday that consumer stocks have shown resilience while tech stocks are under pressure, and falling interest rates could further boost apparel companies. He recommended six fashion and apparel stocks: Ralph Lauren, Tapestry, Levi's, VF Corp, Kontoor Brands, and Reformation.
08:11
The U.S. International Trade Commission (USITC) announced in a federal notice on Monday that it has officially terminated its patent infringement investigation into Samsung Electronics, following a settlement between the South Korean chipmaker and U.S. chip company Netlist. The investigation primarily concerned certain dynamic random-access memory (DRAM) devices, products containing these devices, and related components.
08:08
Australian banks have led the share market in recent weeks, with UBS noting this outperformance is driven by a rotation of investments away from AI-related stocks.
08:05
South Korea's consumer price index (CPI) rose 2.8% year-on-year in October, slowing from 2.9% in September and 3.1% in August, according to data released by Statistics Korea on Tuesday. While agricultural product prices continued to decline, energy costs remained high, with petroleum product prices surging 14.9% year-on-year, contributing 0.56 percentage points to the CPI.
08:01
According to an analysis by Al Jazeera ahead of the US midterm elections, Steven Okun, a trade expert at APAC Advisors, believes that even if the Democratic Party controls Congress, it is unlikely to force Donald Trump to end the war with Iran or significantly alter tariff policies. He anticipates that regardless of which party controls the new Congress, technology restrictions on China are likely to tighten, involving proposed measures such as export controls on remote access and location verification for advanced AI chips. The report also cited a different emphasis from Stephen Olson, a researcher at ISEAS: the new Congress might push for tariff exemptions, offering limited relief to Southeast Asian exporters. The above are analyst expectations, not election results or newly passed rules.
07:59
The hedge fund, which manages $80 billion in assets, stated that the market is permeated with "Fear of Getting Obliterated," a sentiment where investors worry about suffering devastating losses in the market. The fund reported flat returns in the third quarter, with year-to-date gains of less than 2% as of September.
07:52
Major automakers including General Motors, Toyota, and Volkswagen have backed the Trump administration against a legal challenge by California and other states, supporting the rollback of fuel economy rules. The US Department of Transportation is finalizing a fleet-wide fuel economy average of 34.9 miles per gallon (14.8km per litre) by 2031, a reduction from the 50.4 miles per gallon (21.4km per litre) approved by former US President Joe Biden in 2024. Regular petrol averaged $4.17 per gallon (3.78 litres) on Monday, October 31, 2026, according to the American Automobile Association.
07:34
CNBC reports that U.S. chip giant NVIDIA is using robotic hands from Chinese startups Sharpa and Wuji in its humanoid robot training packages. Both companies are linked to founders in Shanghai. Wuji's arm was showcased by NVIDIA CEO Jensen Huang in Berlin on October 21 as part of its new humanoid hardware system, Agile One SN. Sharpa's robotic hand is used in NVIDIA's first reference humanoid design, released on May 31. Additionally, Meta is collaborating with Chinese startup Fourier to develop humanoid robot prototypes, while Xiaomi is testing its robot hands in car factories. The report highlights that hardware is a major bottleneck in humanoid robot development, with robotic hands being a critical challenge, and Chinese companies are attempting to distinguish themselves in this field.

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