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Hong Kong Banks Hike Fixed Deposit Rates to 4.3% as Interest Rate War Intensifies
Hong Kong banks raise fixed deposit rates to 4.3% for USD and 4.1% for HKD. Compare the latest rates from major lenders and digital banks as the interest rate war heats up.
Cash App Settlement Payments Begin October 2026: Who Gets Up to $2,500
Cash App users with approved claims in a $15 million security settlement will receive payments in October 2026. Eligible claimants can get up to $2,500 for documented losses from 2018-2024 unauthorized access incidents.
Snowtown Killer James Vlassakis Spotted on Day Release After 26 Years, October 9
Snowtown killer James Vlassakis, 46, spotted leaving Adelaide Pre-release Centre on day release after serving 26 years. He pleaded guilty to four murders and is Australia’s first paroled serial killer.
FBI Stops Mall of America Terror Plot: 18-Year-Old Arrested After Buying AK-47
FBI stops terror attack at Mall of America. An 18-year-old was arrested after buying an AK-47 from an undercover agent. He allegedly planned to kill 30-60 people on October 24.
Australian Rental Market Slows as Tenants Hit Affordability Ceiling, October 9
Australian rental growth slows to 0.5% in September quarter as tenants hit affordability ceiling. National median rent reaches $713 per week, but vacancy rates rise to 2.1%, easing pressure in some capital cities.
Mixue Group Stock Drops 70% as Hong Kong Flagship Store Closes, October 9
Mixue Group closes Hong Kong flagship store as six outlets shut in 2026. Stock crashes 70% from peak. Rent burden forces retreat from HK market.
Trump Threatens Swiss Watch Import Ban to Cut $40 Billion Trade Deficit
Trump threatens to ban Swiss watch imports to cut the U.S. trade deficit. August data shows imports hit $420.8 billion, the highest since tariffs began in April 2025.
OCBC Drops 5.9% to S$30.30 After Citi Downgrade on October 7
OCBC stock fell 5.9% to S$30.30 on October 7 after Citi downgraded it to sell with a S$27.50 target. The bank shed S$8 billion in market value amid profit-taking and valuation concerns.
CBA Boss Comyn: House Prices Won’t Bottom Until Well Into 2027
CBA CEO Matt Comyn says Australia’s housing market correction is halfway done and will extend well into 2027. National property prices down 5.2% since March peak.