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The Financial Times, citing two forex bank sources, reported that since June the Reserve Bank of India has used about $90 billion of the more than $140 billion raised from the Indian diaspora to support the rupee, selling currency into the spot marke

2026-10-22

The Financial Times, citing two forex bank sources, reported that since June the Reserve Bank of India has used about $90 billion of the more than $140 billion raised from the Indian diaspora to support the rupee, selling currency into the spot market and using currency swaps to absorb excess liquidity.

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2026-10-22

US stocks opened lower: Dow down 0.13%, S&P 500 down 0.88%, Nasdaq down 1.5%. Major tech and chip names led losses—SanDisk (SNDK.O) -4.8%, SK Hynix (SKHY.O) -4.5%, Meta Platforms (META.O) -4.0%, SpaceX (SPCX.O) -4.0%, Micron Technology (MU.O) -3.8%,

US stocks opened lower: Dow down 0.13%, S&P 500 down 0.88%, Nasdaq down 1.5%. Major tech and chip names led losses—SanDisk (SNDK.O) -4.8%, SK Hynix (SKHY.O) -4.5%, Meta Platforms (META.O) -4.0%, SpaceX (SPCX.O) -4.0%, Micron Technology (MU.O) -3.8%, Tesla (TSLA.O) -2.87%, IBM (IBM.N) -2.5%, NVIDIA (NVDA.O) -2.1%.
2026-10-22

Embodied-AI construction robots are moving from lab to field in China; rebar-tying units and wall-walking façade-cleaning robots are already operating on Guangdong sites. Manufacturers report order backlogs and capacity strain: a Guangzhou producer s

Embodied-AI construction robots are moving from lab to field in China; rebar-tying units and wall-walking façade-cleaning robots are already operating on Guangdong sites. Manufacturers report order backlogs and capacity strain: a Guangzhou producer says all six mass-produced models carry orders and delivery slots through December still fail to meet demand. A Shenzhen firm says production is at full capacity, planning expansion, and logged domestic revenue growth of >50% YoY and overseas revenue growth of ~100% YoY. Market forecasts show the domestic market was under CNY8 billion in 2023, is projected to reach CNY18.6 billion in 2025 (two-year CAGR >52%), exceed CNY28 billion in 2026 (YoY >50%), and surpass CNY80 billion by 2030.
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