TREE NEWS update: Russia said it struck a cargo ship heading to Ukraine, Interfax reported. The report did not specify the vessel’s name, its location, the type of weapon used or the extent of damage. No casualty figures or further operational details were given.
TREE NEWS update: Chalieco plans to sign an EPC contract worth about RMB 6.556 billion with affiliate Chinalco Guinea for a 1.2 million-tonne-per-year alumina project in Guinea, covering design, procurement and construction of the production line and supporting facilities. The related-party transaction has been approved by the board but the contract has not yet been formally signed and still requires shareholder approval.
TREE NEWS update: Nigeria has banned algorithmic stablecoins and introduced reserve requirements for stablecoin issuers, widening central bank oversight of crypto payment services. The new licensing rules place stablecoin issuance under stricter supervision by the Central Bank of Nigeria. No effective date or implementation timeline was given.
TREE NEWS reports: European natural gas prices fell as much as 5.6% on the day, touching €85.59 per megawatt-hour. The move marks a sharp intraday decline in the benchmark Dutch TTF contract. No further details were immediately available.
TREE NEWS update: China’s National Development and Reform Commission Director Zheng Shanjie chaired a symposium with private-sector executives to gather input on implementing this year’s economic work and shaping next year’s policy measures. The meeting included heads of Hengyi Group, Yulong Petrochemical, TCL, Shuangbaotai Group and Liliang Diamond, spanning petrochemicals, electronics manufacturing, pig farming and superhard materials.
TREE NEWS reports: Swap market data shows the probability of a Bank of Canada rate hike in December has fallen to around 32%, down from 40% before the release of employment data. The shift in implied odds follows the latest jobs figures, which traders read as reducing the case for further tightening.
TREE NEWS update: Tesla will wind down Cybertruck production as CEO Elon Musk pivots the company toward robotaxis and AI, with the Texas plant to be repurposed to make room for the Cybercab. The move comes as sales of the stainless-steel pickup run far below capacity. Musk said the Texas facility will be converted for the Cybercab.
TREE NEWS reports: Safe said $12.4 billion of smart-account assets is deployed in DeFi, a figure net of $2.37 billion in borrowing. The report discloses a $57.64 billion total but does not break out the DeFi share. The numbers give a first look at how much of the assets secured by Safe smart accounts is actively put to work in decentralized finance.
TREE NEWS update: China’s National People’s Congress Standing Committee has approved a decision to amend 15 laws, including the Emergency Response Law. The decision was published under authorization from Xinhua. No further details on the specific amendments were provided in the release.
TREE NEWS update: Xinhua published the full text of the Law of the People’s Republic of China on Procuratorial Public Interest Litigation, which the National People’s Congress authorized for release. The text sets out the legal framework for public interest lawsuits brought by procuratorates. No effective date or further details were included in the release.
TREE NEWS update: The European Public Prosecutor’s Office said on November 6 that its Madrid office has opened an investigation into possible EU funding fraud involving the upgrade and maintenance of the Madrid-Seville high-speed rail line. The probe covers EU funds used for the line’s renovation and for upgrades to its safety, signaling and communications systems. The line is the one involved in a recent high-speed train collision that killed dozens. No further details were released.
TREE NEWS reports: Nick Timiraos reported that the US unemployment rate declined by 0.03 percentage points to 4.14% in October. The figure was cited by the journalist known as the “new Fed wire” in a social media post.
TREE NEWS update: Guotai Haitong Financial Holdings and Guotai Junan International jointly published a privatization scheme document with the Hong Kong Stock Exchange, setting out the expected timetable for the buyout and shareholder meeting arrangements. The privatization plan will be put to a vote at the end of this month, and if approved, Guotai Junan International will delist from the Hong Kong stock exchange in February next year.
TREE NEWS update: Neuberger Berman Fund has received approval from the China Securities Regulatory Commission for Qualified Domestic Institutional Investor (QDII) status, making it the second newly established wholly foreign-owned public fund management company to obtain the qualification. The license allows the firm to invest in offshore securities on behalf of domestic clients.
TREE NEWS update: YunShenchu Technology released the X50 quadruped robot, designed for high-intensity operations in emergency firefighting and energy power scenarios. The robot carries a 50-kilogram payload and can run continuously for more than 2 kilometers. The company did not disclose pricing or a release date.
TREE NEWS reports: TeraWulf’s bitcoin mining revenue fell 69% as its artificial intelligence-related HPC lease revenue surged 774% year over year to $63 million in the quarter, the company reported. The shift comes amid an Anthropic buildout at the miner-turned-AI infrastructure provider.
TREE NEWS reports: US job growth rose sharply in October while the unemployment rate edged lower, signaling a still-strong labor market amid economic expansion. Resilient consumer spending and robust business investment have supported demand and profits, prompting firms to add workers. Fed officials will see one more jobs report and a series of inflation data before their December meeting, where investors expect a rate hike after September’s increase and October’s hold.
TREE NEWS update: Hungary’s Gripen fighter jets were scrambled three times on November 6 after bomb threats targeted three civilian airliners, Defense Minister Romulusz Ruszin-Szendi said. NATO’s air defense alert system issued an “Alpha”-level scramble order during multiple aviation alerts over several hours that morning. The Hungarian Air Force responded to the threats, which involved three passenger aircraft.
TREE NEWS update: The US Bureau of Labor Statistics revised August nonfarm payrolls up by 53,000 to 186,000 from 133,000, and September payrolls up by 31,000 to 60,000 from 29,000. The revisions add a combined 84,000 jobs to the two months’ previously reported figures.
TREE NEWS reports: Spot gold fell more than 1% to $4,041.89 an ounce following the release of US nonfarm payrolls data. The 10-year Treasury yield rose more than 6 basis points to 4.898%, while the dollar gained 0.5% against the yen to 158.51.