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  1. Argentina on Monday formalised a currency swap agreement with the United States for up to US$20 billion aimed “at contributing to Argentina’s economic stability,” the South American country’s central bank said. The deal is part of huge financial support from the administration of Donald Trump, a strong backer of Argentine President Javier Milei, who is under pressure ahead of midterm elections...
  2. The decline in China’s exports of rare earth magnets to the United States accelerated in September – a period predating Beijing’s expansion of controls over the flow of the critical minerals – an indication the prized items remain a major battleground in the ongoing trade war between the world’s two largest economies. China’s total exports to the US of the permanent magnets – essential...
  3. An 81-year-old woman in Hong Kong has lost more than HK$5 million after falling victim to an elaborate online romance scam involving a fraudster who posed as a People’s Liberation Army (PLA) officer from mainland China. In a post on its CyberDefender social media page on Monday, police said the woman received a WhatsApp message from a man who claimed to be a PLA officer and invited her to visit...
  4. The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday. “I think the Schumer shutdown is likely to end sometime this week,” White House economic adviser Kevin Hassett said in an interview on CNBC, referring to Senate Democratic leader Chuck Schumer. Hassett, the director of the National Economic Council, said his “friends...
  5. Singaporean 3D printing pioneer Chua Chee Kai has joined Wuhan University of Science and Technology (WUST) as a full-time distinguished professor, receiving his appointment in a ceremony on October 10, according to the university’s website. For decades, Chua led major 3D printing research initiatives in Singapore, helping to turn the country into a global hub for additive manufacturing...
  6. Colombia said on Monday it has recalled its ambassador from Washington after US President Donald Trump said he would raise tariffs on the South American nation and stop all payments to it, intensifying a feud stemming from US military strikes on vessels allegedly transporting drugs. Trump also called Colombia’s leftist President Gustavo Petro an “illegal drug leader” on Sunday, which Petro’s...
  7. Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China reports 4.8% quarterly GDP growth, moving closer to annual target China’s economy grew 4.8 per cent year on year in the third quarter of 2025, keeping the country largely on track to achieve its full-year target, but analysts said further policy...
  8. Nepal’s interim prime minister on Monday draped a national flag over the coffin of returned Gaza hostage Bipin Joshi, released under the ceasefire deal between Israel and Hamas. “Bipin is a son of all Nepali mothers,” Sushila Karki said at a ceremony held at the airport in Kathmandu, after his body was flown back to the capital from Tel Aviv. “The name Bipin will be immortal, no one can forget...
  9. China imported no soybeans from the United States in September, but total imports remained at high levels amid a recent escalation in the US-China trade war, the latest Chinese customs data showed. Last month, the world’s largest food buyer purchased 12.8 million tonnes of soybeans – a crop heavily reliant on imports for its livestock industry – with a notable surge from Argentina during a brief...
  10. Apple CEO Tim Cook is looking forward to launching the company’s artificial intelligence system in China, following the successful effort to release the iPhone Air in the vast market. Capping his six-day visit to the country last week, Cook said at an event in Shanghai on Saturday that AI was “making a difference in people’s lives” and that Apple was “working on getting [Apple Intelligence] into...