TREE NEWS update: Zhuhai Duty Free Group said it signed an intent agreement with Zhuhai Investment Holding and Zhuhai Kangge Investment to acquire the 26% and 23% stakes they hold in Zhuhai Duty Free Enterprise Group, using a combination of share issuance and cash plus a supporting fundraising. The company already owns 51% of the duty-free unit, which will become a wholly owned subsidiary after the deal. Shares were suspended from the open on Nov 12, 2026, for up to 10 trading days.
TREE NEWS update: China’s State Administration for Market Regulation (SAC) approved 673 national standards and national standardization guiding technical documents, the regulator said. The batch comprises 21 mandatory national standards, 615 recommended national standards and 37 guiding technical documents, covering high-tech, traditional industries, workplace safety, agricultural development and consumer life. The regulator said the standards will support high-quality industrial development, improve living standards and safeguard life and property.
TREE NEWS reports: Derivatives trading points to a continued selloff in U.S. Treasuries after inflation data came in above expectations, reinforcing bets on more aggressive Federal Reserve rate hikes. Cash Treasuries were closed Wednesday for Veterans Day. Ten-year Treasury futures suggest the yield could rise above 5% when the cash market reopens.
TREE NEWS update: Baidu released its latest foundation model, Wenxin 5.5 Flash Preview, the company announced. The model is a preview version of the next iteration of Baidu’s Wenxin foundation model family. Baidu did not disclose performance benchmarks, parameter counts or a general-availability date in the announcement.
TREE NEWS update: The Financial Stability Board called on Turkey to strengthen its regulation of crypto assets and stablecoins across four areas, in its second peer review of the country. The FSB urged Ankara to establish a dedicated stablecoin regime, bolster financial stability monitoring, tighten supervision and enforcement, and improve cross-border cooperation and information sharing.
TREE NEWS update: China Shipbuilding’s wholly owned subsidiary Dalian Shipbuilding, together with China Shipbuilding Trading, signed contracts to build 20 307,000-dwt VLCC crude tankers for units of COSCO Shipping Energy and COSCO Shipping Development. Four vessels for Hainan Energy are priced at 3.793 billion yuan including tax, while 16 for Oriental Fortune are priced at 13.425 billion yuan excluding tax, totaling about 17.2 billion yuan.
TREE NEWS update: ENS has scrapped its planned Namechain ZK rollup and will deploy ENSv2 directly on Ethereum mainnet, co-founder Nick Johnson said in February 2026, citing L1 scaling that cut average ENS registration gas costs by about 99% over the past year to under $0.05. Synthetix launched its new perpetuals exchange on mainnet in December 2025, and Blast halted operations on October 2 after network costs exceeded revenue, with Abstract set to close on December 15.
TREE NEWS reports: The People’s Bank of China said in a special section of its third-quarter 2026 monetary policy report that falling deposit rates can create room for lower lending rates, noting commercial banks need a certain deposit-loan spread to sustain support for the real economy and their own sound operations. It cited the euro area and Japan, where deposit rates fell to around zero after policy rates approached zero and lending rates also dropped to low levels.
TREE NEWS reports: Nvidia shares rose as much as 5% in premarket trading, recovering part of a 9.5% cumulative decline over the previous two sessions. The move came ahead of the opening bell, with the stock rebounding after back-to-back losses.
TREE NEWS update: Trilateral talks held in Abu Dhabi have concluded, according to a brief announcement that did not identify the parties involved or disclose any outcomes. No further details on the agenda, participants or results were provided. The meeting’s conclusion was reported without additional context.
TREE NEWS update: Robert Barr has been jailed for eight years over a $2.7 million crypto theft plot he orchestrated from his prison cell, planning to have accomplices force a crypto investor to install remote-access software so he could drain the wallet. The scheme was run while Barr was already incarcerated.
TREE NEWS update: The Swiss National Bank has told the government it is prepared to act actively in the foreign exchange market, with Swiss inflation at a low level by international standards. The central bank’s readiness to intervene signals continued willingness to counter upward pressure on the franc. No specific intervention level or timeframe was disclosed.
TREE NEWS reports: The U.S. dollar climbed 0.2% against the Japanese yen to 159.04, its highest level since Sept. 24. The move extends the greenback’s advance versus the yen, with the pair touching the strongest point in more than three months.
TREE NEWS update: The People’s Bank of China said in its third-quarter 2026 monetary policy execution report that it will support eligible technology companies in issuing science and technology innovation bonds to broaden direct financing channels. The central bank also pledged to improve pledge financing mechanisms for intellectual property and other intangible assets, and to use risk-sharing tools for tech and private-enterprise bonds.
TREE NEWS update: Russian President Vladimir Putin is being regularly briefed by Moscow’s delegation on trilateral talks on Ukraine taking place in Abu Dhabi, Kremlin spokesman Dmitry Peskov said. Putin also discussed the Abu Dhabi talks with Belarusian President Alexander Lukashenko on Tuesday. The Russian delegation has had no contact with European Union representatives in Abu Dhabi and has no plans for any.
TREE NEWS reports: Short-term Bitcoin holders moved 48,500 BTC to exchanges in the past 24 hours, with 47,300 BTC sent at a loss, CryptoQuant analyst Darkfost said. The loss-driven transfers mark one of the strongest short-term holder capitulation events in recent months, following a distribution phase since October that drove a roughly 15% correction.
TREE NEWS update: The People’s Bank of China, in its Q3 2026 monetary policy implementation report, said interest rates on government bonds, credit bonds and loans must be compared on a tax-adjusted basis. It noted that China currently exempts Treasury interest income from income tax, which leads taxable investors to accept lower yields than on taxable bonds, and said the effect of taxes must be restored when analyzing and comparing such rates.
TREE NEWS reports: The People’s Bank of China said in its Q3 2026 monetary policy report that payment delays to small and medium-sized enterprises disrupt economic circulation and reduce the efficiency of monetary policy transmission. Large firms using unpaid bills to lower financing costs distort competition and can fuel disorderly investment and “involution,” the central bank said. SMEs borrowing to cover delayed payments effectively bear big firms’ financing costs at higher risk premiums, while large firms’ interest-free liabilities cut rate sensitivity and blunt the impact of rate cuts on investment.
TREE NEWS update: The People’s Bank of China said it will work with regulators to further refine the swap facility mechanism for large non-bank redemptions in the bond market, alongside two tools supporting the capital market, to expand its macroprudential liquidity toolkit and promptly correct and block herd behavior in financial markets. The central bank also said it will guide bond-market participants to operate rationally and prudently, strengthening bond-market stability and the financial safety net.
TREE NEWS update: Former White House crypto adviser Patrick Witt said President Donald Trump still intends to buy bitcoin for the U.S. Strategic Bitcoin Reserve, but open-market purchases face legal problems. Witt said direct purchases are of “questionable legality” because Congress controls federal spending, and Congress has added a provision to the National Defense Authorization Act barring such buys. The reserve was established by executive order in March 2025, seeded mainly with forfeited bitcoin.