Category: 3. Business

  • APEC and the Global Economy – International Monetary Fund

    1. APEC and the Global Economy  International Monetary Fund
    2. APEC Growth Projected To Hit 3.1 Pct This Year  Bernama
    3. APEC growth projected at 3.1 pct in 2025  Xinhua
    4. APEC Growth Outlook Revised to 3.1 Percent  Menafn.com
    5. APEC Revises 2025 Growth Outlook To 3.1 Pct Despite Global Challenges  Bernama

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  • Founders Set for $1.9 Billion Wealth Boost in India’s Groww IPO – Bloomberg.com

    Founders Set for $1.9 Billion Wealth Boost in India’s Groww IPO – Bloomberg.com

    1. Founders Set for $1.9 Billion Wealth Boost in India’s Groww IPO  Bloomberg.com
    2. #MCExclusive 🚨 | “NOT GOING TO MAKE ANY TRADEOFF, GROWW IS LONG TERM AND CUSTOMER FOCUSSED” says Lalit Keshre, Founder & CEO, Groww in an exclusive conversation with Chandra R. Srikanth & Anand J Watch the full interview here! ⬇  LinkedIn
    3. Groww’s IPO to open November 4 at 95-100/share price band  Times of India
    4. Groww to raise Rs 6,630 cr, promoter stake valued at 16K cr  financialexpress.com
    5. Largest discount broker Groww sets Rs 95-100 price band for Rs 6,632 crore IPO  The New Indian Express

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  • JGB Futures Edge Lower, Weighed by Fears of Faster Inflation in Japan – The Wall Street Journal

    1. JGB Futures Edge Lower, Weighed by Fears of Faster Inflation in Japan  The Wall Street Journal
    2. Core consumer prices in Japan’s capital accelerate, keep BOJ under pressure  CNA
    3. Japan inflation edges higher for first time since May, matching forecasts as ‘core-core’ gauge eases  CNBC
    4. Tokyo October Headline CPI 2.8% y/y (expected 2.4%).  TradingView
    5. Japanese yen outlook: USD/JPY stalls above 154.00 as Tokyo inflation heats up  FOREX.com

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  • Oil Falls Ahead of OPEC+ Meeting – The Wall Street Journal

    1. Oil Falls Ahead of OPEC+ Meeting  The Wall Street Journal
    2. Oil Edges Lower as Traders Set Sights on US-China Summit, OPEC+  Bloomberg.com
    3. Oil falls as Opec plans output hike  Dawn
    4. How will US sanctions on Russia impact OPEC+ strategy?  Economies.com
    5. Crude Oil price today: WTI price bearish at European opening  FXStreet

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  • China manufacturing slump deepens to 6-month low in October, as PMI misses estimates

    China manufacturing slump deepens to 6-month low in October, as PMI misses estimates

    Chinese-made automobiles and construction machinery are assembled and shipped for export at Yantai Port in Yantai City, Shandong Province, China, on October 21, 2025.

    Costfoto | Nurphoto | Getty Images

    China’s manufacturing activity in October contracted more than expected, shrinking to the lowest level in six months, an official survey showed on Friday, as trade tensions with Washington reignited during the month.

    The official manufacturing purchasing managers’ index came in at 49.0, data from the National Bureau of Statistics showed, missing economists’ expectations for 49.6 in a Reuters poll. A reading above the 50 benchmark indicates growth while one below that suggests contraction.

    The latest reading reversed the recovery in recent months, after the PMI rose to a six-month high of 49.8 in September, compared to 49.4 in August and 49.3 in July.

    The country’s manufacturing activity has remained in contraction since April, when U.S. President Donald Trump’s tariff campaign pressured Chinese factories as well as global demand.

    China’s economy expanded 4.8% in the third quarter, marking the slowest growth in a year. Adding to the constraint on the economy, fixed-asset investment unexpectedly contracted 0.5% in the first nine months of the year — the first such decline since 2020 during the pandemic — according to data going back to 1992 from Wind Information.

    Large industrial firms saw their profits surge the most in nearly two years, rising 21.6% in October from the same period a year earlier, as declines in factory-gate prices eased amid Beijing’s campaign to rein in a bruising price war and excess capacity.

    Domestic demand has remained sluggish, with a protracted property slump and soft labor-market conditions eroding households’ spending power.

    China and the U.S. reached a trade truce on Thursday after months of rising tensions, de-escalating the situation that had threatened to push the world’s two largest economies into a full-blown trade war.

    Trump said the U.S. would immediately cut the 20% fentanyl-linked tariffs on Chinese goods by half, and in turn, Beijing would resume “massive” purchases of American soybeans and other farm products. China also agreed to pause its sweeping rare-earth controls for a year while taking steps to stem the flow of precursor chemicals used in fentanyl production. Both sides agreed to suspend fees for one year on ships that dock at each other’s ports.

    But analysts cautioned that the meeting fell short of a comprehensive pact that addresses issues core to the U.S.-China rivalry and other contentious issues, including Taiwan, making the deal vulnerable to another escalation in the delicate detente.

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  • Pakistan Engineering Council Partners with MindHYVE.ai™ to Launch Pakistan’s First AI-Driven Continuing Professional Development (CPD) Ecosystem

    Pakistan Engineering Council Partners with MindHYVE.ai™ to Launch Pakistan’s First AI-Driven Continuing Professional Development (CPD) Ecosystem

    ISLAMABAD, Oct. 31, 2025 /PRNewswire/ — With AI-powered education forecast to exceed USD 50 billion globally by 2030 and adoption in professional training accelerating at 45 percent annually (HolonIQ 2025), the Pakistan Engineering Council (PEC) has signed a landmark collaboration with MindHYVE.ai™, to bring adaptive, data-driven learning to Pakistan’s engineering community.

    The agreement establishes the country’s first AI-enabled national CPD framework, using ArthurAI™, MindHYVE’s adaptive educational intelligence platform, to transform how more than 250,000 engineers engage in lifelong professional learning.

    “This partnership marks a defining step in transforming engineering education for the AI era,” said Bill Faruki, Founder & CEO of MindHYVE.ai™. “By combining PEC’s national mandate with MindHYVE’s adaptive technologies, we’re laying the foundation for scalable, measurable, and ethical lifelong learning in Pakistan.”

    Engr. Khalid H. Abdul, Registrar, Pakistan Engineering Council, added: “As engineering moves into an era of intelligent systems and automation, this initiative equips Pakistani engineers with the digital fluency and ethical grounding they need to compete globally.”

    The World Economic Forum 2025 Future of Jobs Report lists AI literacy among the top three skills required in STEM roles worldwide. UNESCO (2024) reports that adaptive-learning frameworks increase skill retention by 35 percent in professional training. McKinsey Global Institute (2024) finds that economies integrating AI into technical education achieve three-to-five-fold productivity gains across industrial sectors. Against this backdrop, PEC becomes the first regulatory body in South Asia to embed AI-adaptive professional learning within a national licensing and accreditation framework.

    Under the Memorandum of Understanding signed in Islamabad on October 17, 2025, PEC and MindHYVE will jointly:

    • Modernize PEC’s CPD infrastructure through phased deployment of ArthurAI™ to deliver personalized, analytics-driven learning.
    • Integrate curated modules from The Dawn Directive™ by the California Institute of Artificial Intelligence (CIAI), an 18-course AI-fluency program—to strengthen engineers’ digital and ethical competencies.
    • Co-design pilot programs that assess performance, scalability, and impact before expanding nationally.
    • Uphold data privacy, security, and ethical-AI principles, ensuring transparency and institutional integrity.

    About the Pakistan Engineering Council (PEC)

    Established under the PEC Act 1976, the Pakistan Engineering Council regulates engineering education, accreditation, and professional practice across Pakistan. It represents over 250,000 engineers and works to align national engineering standards with international best practice.

    About MindHYVE.ai™

    MindHYVE.ai™ is redefining the boundaries of intelligence by engineering autonomous systems and deploying domain-specific AGI agents across real-world sectors. Powered by the Ava-Fusion™ large reasoning model and architected for agent coordination, swarm intelligence, and adaptive autonomy, MindHYVE’s technology stack is revolutionizing law, medicine, finance, education, and governance.

    With operations in North America, Asia, and in Africa, MindHYVE.ai™ is on a mission to democratize access to transformative intelligence and architect the infrastructure for post-scarcity economies. Backed by HYVE Labs, the company continues to shape the future of agentic systems on a global scale.

    Website: www.mindhyve.ai | Email:[email protected] | Contact: +1 (949) 200-8668

    Media Contact:
    Marc Ortiz
    Email: [email protected]

    SOURCE MindHYVE.ai, Inc.

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  • Chinese yuan weakens to 7.088 against USD Friday-Xinhua

    BEIJING, Oct. 31 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, weakened 16 pips to 7.088 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

    In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

    The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. ■

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  • Gold’s Long-Term Drivers Remain Intact Despite Recent Correction – The Wall Street Journal

    1. Gold’s Long-Term Drivers Remain Intact Despite Recent Correction  The Wall Street Journal
    2. Why the next big move in gold is more likely to be down than up  Investing.com
    3. Gold and silver to hit new highs in 2026, but the rally ends in 2027, says World Bank  KITCO
    4. HashKeyFin Global Releases Market Insight on Gold’s Ongoing Price Surge  markets.businessinsider.com
    5. Inside Gold’s Rally: Tickmill’s Johnny Khalil on the Market Momentum of 2025 – Sponsored – Advertising  Ahram Online

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  • HUBC: Earnings ease but diversification gains traction – Business Recorder

    1. HUBC: Earnings ease but diversification gains traction  Business Recorder
    2. Hub Power ‘s 1QFY26 profit declines 35%, yet declares Rs5/share dividend  Mettis Global
    3. HUBCO profit declines 35% in 1QFY26  Business Recorder
    4. HUBCO declares dividend after stable quarterly profit  Profit by Pakistan Today
    5. Hub Power Profit Falls 39% in 1QFY26  newztodays.com

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  • Stocks lose 1,732 points more on profit-taking – Dawn

    1. Stocks lose 1,732 points more on profit-taking  Dawn
    2. Bulls in control as KSE-100 gains over 3,000 points in intraday trade  Dawn
    3. PSX Closing Bell: Under Pressure  Mettis Global
    4. Selling enters seventh day as KSE-100 Index loses over 1,700 points  Business Recorder
    5. PSX rebounds with over 800 points after selling pressure  Dunya News

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