Finance & markets, Technology, Transport, AI
406 storiesUS 10-year Treasury yield hits highest since 2002 as long-dated selloff extends
US long-dated Treasury yields climbed to their highest levels since 2002 on Oct 5, with the 10-year reaching about 5.35% and the 30-year above 5.70%. Chosun Ilbo reported the 10-year closed the third quarter at 5.29%, the biggest quarterly …
Russia's Finance Ministry places 39.13 bln rubles of OFZ 26252 bonds at auction
Russia's Finance Ministry held an auction on 7 October for federal loan bonds of the OFZ-PD 26252 series and placed 39.13 bln rubles of the issue, TASS reported, citing demand of 134.371 bln rubles. The ministry had announced the auction a …
Apple and LG co-develop smart home devices including doorbell, lock and thermostat
Bloomberg reports that Apple and LG have co-developed a line of smart home devices, including a video doorbell, thermostat, smart deadbolt lock, indoor and outdoor security cameras and a floodlight camera. The products are expected to carry…
Nvidia-backed Reflection AI unveils Beam, open-weight model to rival Chinese models
Reflection AI unveiled Beam, a 501-billion-parameter open-weight AI model that the New York-based startup says matches leading Chinese open models like Z.ai’s GLM-5.2 at lower compute cost. The Nvidia-backed company says Beam is in final sa…
Hoban Construction develops AI design tech to auto-apply per-unit buyer options
Hoban Construction said it developed AI-based design technology that automatically reflects apartment buyers’ option contract choices in each unit’s building information model (BIM). The technology was developed jointly with building and in…
Korean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
Bank of Russia raises official dollar rate to 84.93 rubles for October 6
The Bank of Russia set the official dollar rate for October 6 at 84.93 rubles, up 1.45 rubles from 83.48 rubles on October 3, with the euro rising 1.01 rubles to 95.33 rubles and the yuan up 0.22 rubles to 12.65 rubles. RBC reported the rub…
China road traffic stable on day six of holiday; rain threatens return travel
China's road traffic safety situation was described as generally stable and orderly as of 18:00 on 6 October, the sixth day of the National Day holiday, with heavy volumes of return traffic on major highways and national and provincial road…
New York stocks open mixed as 10-year Treasury yield holds near 5.3%
New York's main stock indices opened mixed on October 5, with the Dow Jones Industrial Average down about 0.27% as the 10-year US Treasury yield held around 5.3%, a level Asia Economy described as the highest in several years. The S&P 500 a…
European stock indices close higher on Oct 6 after mixed Oct 5 session
On Oct 6, 2026, major European stock indices all closed higher: the UK FTSE 100 rose 0.42%, France’s CAC 40 0.47%, Germany’s DAX 0.82% and Italy’s FTSE MIB 0.87%, according to CLS. The previous day, most indices rose but France’s CAC 40 fel…
AMD's Lisa Su visits Korea, agrees AI chip cooperation with local firms
AMD chair and CEO Lisa Su visited Korea on Oct. 7, about seven months after her March trip, meeting Second Vice Minister Ryu Je-myeong of the Science and ICT Ministry and a roundtable of Korean AI semiconductor and infrastructure companies.…
India's central bank raises key rate to 5.5%, first hike in 3 years 8 months
The Reserve Bank of India decided on 7 October to raise its main policy rate by 0.25 percentage points to 5.5%, the first increase in three years and eight months. Governor Sanjay Malhotra cited a worsening Middle East situation, sharp swin…
JPX to cut TOPIX constituents from about 1,600 to 986 under new selection rules
Japan Exchange Group announced on Oct 7 that it will sharply reduce the number of companies in the TOPIX stock index, to 986 from 1,634, in a phased change running from late October to July 2028. A reassessment in October 2027 will decide w…
New York stocks open lower; Dow falls 273 points as bond yields rise
New York stocks opened lower on Oct. 5. As of 9:45 a.m., the Dow Jones Industrial Average was down 273.01 points at 50,903.95, Nikkei reported, saying rising U.S. long-term interest rates weighed on cyclical shares while some tech stocks dr…
China Railway: 20.32 million travelled Oct 4, 21.05 million expected Oct 5
China Railway said the national rail network carried 20.32 million passengers on October 4, describing transport as safe and orderly, and expects 21.05 million trips on October 5 with 1,463 additional trains planned as mid- and short-distan…
Apple and LG Electronics jointly develop smart home devices under LG brand
Apple and LG Electronics are jointly developing smart home devices — a camera-equipped video doorbell, a smart door lock, a security camera and a smart temperature sensor and thermostat — to be sold under the LG brand, according to Bloomber…
Turkey's Aselsan announces Astralink network of 198 low-orbit satellites
Aselsan CEO Ahmet Akyol said at the International Astronautical Congress in Antalya that Turkey is building Astralink, a low-orbit satellite constellation of 198 spacecraft, with the first launch planned within two years. Akyol said work be…
Abu Dhabi's AI Everything opens with 400 exhibitors alongside Global Food Week
AI Everything 2026 opened on 6 October at the ADNEC Centre Abu Dhabi and runs to 7 October, with WAM reporting 400 exhibitors and 180 speakers, and Economy Middle East reporting more than 400 companies, 200-plus investors managing about $10…
China's central bank adds to gold reserves for 23rd straight month
China's gold reserves stood at 77.47 million ounces, or about 2,409.59 tonnes, at the end of September, up 740,000 ounces (about 23.02 tonnes) from 76.73 million ounces (about 2,386.57 tonnes) at the end of August, according to figures carr…
China cross-regional trips total 303.6m on Oct. 3, down 0.4% year on year
China's Ministry of Transport reported 303.568 million cross-regional passenger trips on Oct. 3, 2026, the third day of the National Day holiday, down 0.6% from the previous day and 0.4% below the same day in 2025. Rail volume rose 6.1% yea…