TREE NEWS update: China’s Foreign Ministry said a new round of China-US giant panda cooperation will advance global biodiversity protection. The ministry announced the cooperation, framing the panda program as a contribution to worldwide conservation efforts. No further details on timing or the institutions involved were given in the statement.
TREE NEWS update: Vodafone has upgraded its guidance for fiscal 2027, raising its forecasts for both adjusted EBITDA and adjusted free cash flow. The telecoms group did not disclose specific figures in the announcement. The revised outlook signals management’s increased confidence in the company’s earnings and cash generation for the period.
TREE NEWS update: The 9th China International Import Expo closed on Nov. 10 with $85.45 billion in intended one-year deal value, up 2.3% from the previous edition and a record high for the event. The figure represents signed letters of intent rather than final contracts.
TREE NEWS update: Construction has begun on the 600-megawatt Delingha pumped-storage hydropower station in Qinghai, the highest-altitude facility of its kind in northwest China, with its upper reservoir at 4,008 meters. The project carries a total investment of 5.227 billion yuan and is designed for annual power generation of 1.2 billion kWh and annual pumping consumption of 1.6 billion kWh, with completion expected in 2034.
TREE NEWS update: The Agricultural Development Bank of China issued 4 billion yuan of 2-year bonds at a 1.3512% coupon, below the 1.3700% expected, with a bid-to-cover ratio of 3.24 times and a marginal ratio of 2.67 times. A second 2 billion yuan 2-year tranche priced at 1.2952% versus 1.3100% expected, drawing bids 6.39 times the offer and a marginal ratio of 5.71 times.
TREE NEWS update: The International Electrotechnical Commission (IEC) has formally published an international standard for laser displays, Part 5-8: Test methods for scanning characteristics of raster-scan laser displays, with a Chinese expert serving as project leader alongside experts from Belgium, the US and Japan. The standard sets test conditions, methods and reporting formats for scan linearity, scan repeatability and waviness, supporting R&D, manufacturing and quality evaluation and improving comparability of test results across products and testing bodies.
TREE NEWS reports: Only two of the ten largest dollar stablecoins, Circle’s USDC and Paxos’s PYUSD, hold reserves compliant with the GENIUS Act, which takes effect January 18, 2027, the Bank Policy Institute found. Those two account for 26% of circulating supply as of June 30, 2026. Another 72% do not qualify: 65% are offshore-issued, including Tether’s USDT, and 7% are crypto-backed, such as Sky Protocol’s USDS and DAI.
TREE NEWS update: Wuhan Chengjian Group acquired a residential land plot in Wuhan for 680 million yuan at the base price on November 10. The site covers 45,491.33 square meters (68.24 mu) with a planned gross floor area of 109,200 square meters and a floor-area ratio of 2.4. The starting price implied a floor price of 6,227 yuan per square meter.
TREE NEWS reports: The ChiNext Index closed up 1.46% on the day, leading gains as the Shanghai Composite rose 0.08% and the Shenzhen Component added 0.86%. More than 4,200 stocks across the Shanghai, Shenzhen and Beijing markets advanced, with combined turnover exceeding 1.51 trillion yuan. AI comic-drama, AI glasses and robotics concepts rallied, while oil and gas stocks fell, with PetroChina down more than 6%.
TREE NEWS update: Infineon Technologies raised its fiscal 2027 data center sales forecast to about €4 billion ($4.5 billion), up from a prior projection of €2.5 billion for AI data center power solutions. The German chipmaker said in a statement Tuesday that the figure includes roughly €500 million in annual revenue from its traditional data center business. The upgrade signals confidence in AI-driven growth despite growing investor concerns about the AI boom.
TREE NEWS reports: Vodafone Group reported first-half adjusted earnings per share of €0.0148, missing the €0.05 estimate, alongside negative adjusted free cash flow of €440 million. The telecoms group posted second-quarter organic service revenue growth of 6.4%, beating the 5.06% estimate, and declared an interim dividend of €0.0231 per share. Vodafone guided full-year adjusted free cash flow to €2.8 billion to €3.0 billion.
TREE NEWS reports: Pure benzene’s main futures contract hit the limit down at the close of Chinese commodity trading, while fuel oil, liquefied petroleum gas and crude oil each fell more than 6%. LU fuel oil, polypropylene, methanol, propylene and asphalt dropped over 5%, and the container shipping Europe route rose more than 3%.
TREE NEWS update: Anthropic PBC withdrew a filing that appeared to show it aimed to raise up to $69.3 billion in an initial public offering, after sending investment bankers a copy indicating it would sell about 867 million shares at $70 to $80 each. The AI lab then sent an email saying those details were not accurate. The filing was withdrawn after it had been circulated.
TREE NEWS update: European Central Bank Governing Council member and Bank of France Governor Moulin said France’s GDP is expected to grow by about 0.3% in 2026. Moulin also said he sees positive signs in energy prices.
TREE NEWS update: Bahri Ship Management is coordinating with the U.S. military to arrange tanker transits through the Strait of Hormuz, its president Khalid Alhammad said Tuesday at an event in Dubai. Four of the Saudi shipping company’s vessels passed through the strait that day. Saudi Arabia is increasing oil supply through the waterway, pushing export volumes back to near pre-war levels.
TREE NEWS update: SoftBank Group reported a net loss of ¥1.12 trillion ($71 billion) for its second fiscal quarter, its first quarterly loss in nearly two years, against analyst expectations of ¥129 billion in profit. Declines in Arm Holdings, Intel and Coupang shares weighed on results, while the Vision Fund lost ¥81.6 billion. SoftBank shares have fallen more than 50% from a June record high on concerns over its AI-related debt load.
TREE NEWS reports: The Shanghai Composite Index turned negative in late trading, while the Shenzhen Component and ChiNext Index saw their gains narrow. The late-session reversal in Shanghai came as the two other benchmarks trimmed earlier advances. No further details were provided.
TREE NEWS update: SoftBank recorded a $3.73 billion charge related to its procurement of US data centers, the company disclosed. The impairment covers purchases tied to its American data center buildout. No further details on the timing or the specific facilities involved were provided.
TREE NEWS update: Beijing issued seven tranches of local government bonds on Thursday, totaling 725.7358 billion yuan. The largest tranche was a five-year general bond of 265.9147 billion yuan at a 1.88% yield, while a five-year general bond of 88 billion yuan priced at 1.32% drew a marginal bid multiple of 2.00 times against an expected 1.32 times.
TREE NEWS reports: The main propylene futures contract on the Zhengzhou Commodity Exchange hit its limit down on the exchange, trading at 9,061 yuan per ton, a decline of 6.01%. The move marks a sharp one-session drop for the contract on the Chinese commodities exchange.