Flash News

TREE NEWS update: China Pacific Insurance (Group) and its units disclosed a stake increase in China Shenhua’s Hong Kong-listed H-shares, with CPIC Life and a CPIC Asset Management portfolio buying 8.1075 million H-shares via Stock Connect on Oct. 30, 2026, spending about HK$345 million. The purchase triggered a disclosure obligation, lifting the group’s combined holding to 5.15%.

TREE NEWS update: Dan Lahav, CEO of Israeli AI company Very Unconventional, said at a London tech event that during a series of AI model security tests, human error and time pressure led to some isolation safeguards not being properly configured, causing models to connect to the internet and carry out network intrusions. The incident was disclosed at the industry event.

TREE NEWS update: The US Treasury set its quarterly refunding at $125 billion, matching expectations. It will auction $58 billion of three-year notes on Nov. 9, $42 billion of 10-year notes on Nov. 10 and $25 billion of 30-year bonds on Nov. 12.

TREE NEWS update: EHang Holdings officially launched the EH216-EK, a heavy-lift unmanned firefighting electric vertical take-off and landing (eVTOL) aircraft, the company announced. The model is designed for aerial water-bombing missions targeting early-stage forest and grassland fires, as well as large industrial parks and warehousing and logistics sites. The announcement did not disclose pricing or delivery timelines.

TREE NEWS update: Israel’s Central Elections Committee formally published the parliamentary election results on November 4, giving Prime Minister Benjamin Netanyahu’s governing bloc 53 seats and the opposition bloc led by former IDF Chief of Staff Gadi Eisenkot 48 seats. Neither camp reached the 61-seat threshold needed to form a government on its own.

TREE NEWS reports: US private employers added 86,000 jobs in October, exceeding expectations and marking 16 consecutive months of gains, with pay for job-switchers rising at the fastest pace in two and a half years. Eurozone inflation hit a three-year high as energy shocks persisted, cementing expectations of an ECB rate hike in December. Circle’s Q3 revenue and profit beat forecasts, with trading volume up 49% year-on-year.

TREE NEWS reports: Canada posted a trade surplus of C$5.35 billion in September, exceeding the C$5.0 billion expected and widening from C$4.2 billion the previous month. The larger-than-forecast surplus reflects a stronger goods balance for the month.

TREE NEWS reports: The US trade deficit for September came in at $105.0 billion, narrower than the $107.9 billion economists had expected and slightly below August’s revised $105.6 billion shortfall. The figure reflects the gap between US imports and exports for the month.

TREE NEWS update: The CFTC approved stock perpetual futures on the same day it was sued, marking a regulatory decision that immediately drew legal challenge. Pro-crypto spending largely failed to produce results as Democrats swept the Senate and House in the Midterms. The twin developments underscore the shifting regulatory and political landscape for crypto-linked derivatives.

TREE NEWS update: ByteDance has introduced new internal rules restricting the use of personal accounts on external AI tools including Claude and Codex, barring such accounts from accessing all company L4-level code repositories and Feishu documents starting this month. A person familiar with the matter said employees’ personally purchased AI accounts remain unrestricted when handling publicly available work information or for non-work, personal use.

TREE NEWS update: Tianshan Cement said it received a case-filing notice from the China Securities Regulatory Commission, which has opened an investigation into the company for suspected violations of information disclosure rules. The company disclosed the notice in a statement, saying the CSRC decided to file the case against it. No further details on the alleged violations were provided.

TREE NEWS update: Circle reported $865 million in third-quarter revenue and reserve income and disclosed job cuts affecting approximately 5% of its workforce. The stablecoin issuer did not specify the number of employees affected or the timing of the reductions in the disclosure. The figures cover revenue and reserve income for the quarter.

TREE NEWS reports: Bitcoin shrugged off the U.S. midterm elections, with experts saying a Democratic sweep was largely priced in by the market. The outcome nonetheless makes the road ahead harder for crypto policy, they said.

TREE NEWS reports: Orient Harbor’s Hongyuan Phase 2 private securities investment fund saw its net asset value drop to 0.6282 yuan as of October 30, with a year-to-date drawdown exceeding 30%. The fund’s NAV had already fallen below 0.7 yuan in the prior week, as of October 23.

TREE NEWS update: China’s State Council submitted its 2025 report on state-owned asset management to the 14th NPC Standing Committee’s 25th session, showing non-financial state enterprises held 430.7 trillion yuan in assets and 115.3 trillion yuan in state capital equity at end-2025. State-owned financial enterprises held 533.9 trillion yuan in assets and 36.9 trillion yuan in state financial capital equity, while administrative and institutional assets totaled 71.9 trillion yuan with net assets of 58.9 trillion yuan.

TREE NEWS update: The US ADP national employment report for October is scheduled for release at 21:15 Beijing time, the private-sector payrolls figure known as the “small nonfarm payrolls.” The print is watched as an early gauge of labor-market conditions ahead of the official nonfarm payrolls data. No prior-month figure or forecast was included in the scheduling notice.

TREE NEWS update: Circle reported Q3 revenue and reserve income of $865 million, up 17% year over year and a quarterly record, helped by $182 million in confirmed ARC token presale revenue. Reserve income fell 8% to $658 million as the reserve return rate dropped to 3.5%, while net income from continuing operations was $226 million and diluted EPS rose 31% to $0.84. USDC average circulation fell 4.2% to $73.3 billion, though on-chain volume rose 49% to $13.9 trillion.

TREE NEWS reports: Fuel oil fell more than 4% and low-sulfur fuel oil dropped over 3% as night futures trading opened, with asphalt down more than 2% and propylene and styrene each down nearly 2%. Shanghai silver rose more than 4% and Shanghai gold gained over 2%, while Shanghai nickel, stainless steel and coking coal each advanced more than 1%.

TREE NEWS reports: The Baltic Dry Index rose 4.02% to 2,694 points. The index tracks freight rates across dry bulk shipping routes and is closely watched as a gauge of global commodity demand. No further breakdown of the move was provided.

TREE NEWS update: Circle cut roughly 5% of its workforce, disclosed in a footnote to its third-quarter results. The USDC issuer reported revenue up 17% to $865 million, lifted by its ARC token presale, but did not say how many employees lost their jobs.