Flash News

TREE NEWS update: Meta Platforms Inc. raised €9 billion in its first-ever euro bond sale, drawing more than €62 billion in orders — the largest order book ever for a European corporate bond deal. The attractive yields drew in investors even as some remain cautious about the artificial intelligence boom.

TREE NEWS update: Muyuan Foods sold 5.913 million commercial hogs in October, down 16.43% year-on-year, with the average price at 9.64 yuan per kilogram, down 16.54%, the company said in a filing. October commercial hog sales revenue fell 29.79% to 7.253 billion yuan. For January-October, cumulative sales reached 64.643 million head and revenue totaled 84.07 billion yuan, while its wholly owned subsidiary Muyuan Meat Food and its units slaughtered 2.957 million hogs in October.

TREE NEWS update: The 2026 China International Public Procurement Forum opened in Shanghai as a side event of the ninth China International Import Expo, drawing more than 300 delegates from international organizations, multilateral financial institutions and foreign governments. The delegates gathered for policy dialogue at the forum.

TREE NEWS update: Coinbase outlined its hot wallet security controls after customers asked whether the Oct. 29 Binance breach could occur on its platform. The exchange said signing keys are never reassembled in one place, hot wallet refills are capped, and switches can pull keys offline. The disclosure followed the Binance incident, which prompted user questions about Coinbase’s own safeguards.

TREE NEWS update: China’s National Energy Administration Director Wang Hongzhi met Angola’s Minister of Energy and Water João Borges in Beijing on Nov. 3 to exchange views on cooperation in renewable energy and electricity. The meeting focused on bilateral energy cooperation between the two countries.

TREE NEWS update: Jinguang Photovoltaic said its controlled subsidiary Jiuquan Jinguang Intelligent Computing Technology signed a computing cloud service contract on Nov. 5, 2026 with client A, with a total tax-inclusive estimated value of up to 1.536 billion yuan ($215 million). The first two batches total 384 million yuan, exceeding 100% of the company’s audited main business revenue for the latest fiscal year. Payment is prepaid quarterly before service.

TREE NEWS update: Moonshot AI released the full model weights of Kimi K3.1 Pro in the early hours of Nov. 5 Beijing time, saying it will continue to advance open intelligence. The open-weight release drew heated discussion in overseas technical communities, and Nvidia’s official AI account publicly congratulated the company.

TREE NEWS update: Porsche unveiled the new 911 GT4 R at the 9th China International Import Expo in Shanghai, marking the car’s China debut. It is Porsche’s first customer race car built on the 911 platform for global GT4 competition. Porsche also showed the China-exclusive Panamera edition and several classic models at the expo.

TREE NEWS update: China Customs Director-General Sun Meijun met Australian Minister for Agriculture, Fisheries and Forestry Julie Collins in Beijing on Nov. 4 to discuss implementing the consensus reached by Chinese and Australian leaders. The two sides exchanged views on deepening cooperation in animal and plant health and food safety, facilitating safe and efficient bilateral agricultural trade, and expanding the use of electronic certificates. Australian Ambassador to China Scott Dewar attended the meeting.

TREE NEWS reports: Ed Yardeni, president of Yardeni Research, said a 10-year US Treasury yield around 5% looks “very attractive” given expectations that inflation will cool. “To buy the 10-year at 5%, you have to be relatively optimistic that productivity will drive inflation down, and I am,” Yardeni said in a Bloomberg Television interview. He added that at a 5% yield, the 10-year is “very attractive.”

TREE NEWS reports: US employers announced 43,994 job cuts in October, the lowest total for the month since 2023. The figure marks a pullback in planned workforce reductions for the month.

TREE NEWS reports: Oman and Iran discussed measures to restore shipping through the Strait of Hormuz, the Gulf waterway through which a large share of global oil and gas shipments passes. The talks were disclosed without further detail on the specific steps under consideration or a timeline for any resumption of traffic. The strait has been a focal point for regional tensions affecting energy transit and broader market risk sentiment.

TREE NEWS reports: US Challenger job cuts fell 71.3% year-on-year in October, compared with a 19.9% decline the previous month. The October figure marks a sharp acceleration in the annual decline in planned layoffs. No further details were provided.

TREE NEWS update: Arkansas Attorney General Tim Griffin sued Kalshi, alleging the prediction market platform operates illegal gambling in the state. Griffin said betting on “whether the Razorbacks win or lose” is gambling and is seeking restitution, penalties and taxes. Arkansas joins a growing list of states targeting prediction markets.

TREE NEWS reports: Bitcoin outperformed the S&P 500 in 45 of the past 90 US trading sessions, a 50% win rate, as historical post-midterm data points to gains for stocks. The comparison tracks relative performance between the largest cryptocurrency and the benchmark US equity index over the recent stretch of sessions.

TREE NEWS reports: A trader closed a $56.6 million leveraged long position in WTI crude oil (CL) on Hyperliquid at a $5.82 million loss, on-chain data monitored by Onchain Lens shows. The same wallet still holds a $95.7 million leveraged long in Brent crude, carrying a further $7.06 million in unrealized losses. Its cumulative profit and loss on Hyperliquid has swung from a $18,400 gain to a $13.79 million loss.

TREE NEWS update: South Korea’s defense ministry said on Nov. 5 it plans to submit a revised consent bill to the National Assembly to extend the deployment of its Cheonghae anti-piracy unit, expanding its mission area to waters off southern Oman near the Strait of Hormuz and adding military equipment and personnel. The move is seen as Seoul taking a practical military step to help stabilize the Strait of Hormuz situation.

TREE NEWS update: Czech police said on November 5 that four aircraft flying to Prague had received bomb threats and were being prepared for landing, assessing the threat level as low. Separately, a LOT flight from Warsaw to Brussels landed safely after a security warning, with no dangerous items found, while two Finnair flights — one from Helsinki to Vienna and another to Rome — also landed safely following bomb threats.

TREE NEWS reports: Regulators have raised questions about the banking system in the wake of a hack at Binance. The report did not specify which authorities are involved, what the hack entailed, or the size of any losses. Binance has not commented on the matter.