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Futures news on October 20th, overnight shibor was 1.3170%, down 0.10 basis points; 7-day shibor was 1.4180%, up 0.30 basis points; 14-day shibor was 1.4680%, up 0.70 basis points; January shibor was 1.5570%, down 0.20 basis points; March shibor was 1.5820%, up 0.20 basis points.Foxconn Technology Groups shares rose 5.5% to NT$239.00.Yoshimura Hirofumi, leader of Japans Restoration Party: We have basically reached an agreement with the Liberal Democratic Party on the conditions for forming a coalition government.On October 20th, NIO founder William Li Bin reiterated at an internal meeting that the company will achieve profitability in the fourth quarter of 2025, listing this goal as his core personal priority for the quarter. Li Bin emphasized that profitability is not achieved solely through cost-cutting, but rather through increased sales and improved operational efficiency. He identified key actions for the fourth quarter as strengthening the marketing of key models, ensuring a stable supply chain and reducing costs, and delivering high-quality software releases on time. Furthermore, NIO will deepen the development of its operational mechanisms and system capabilities across all employees and formulate a three-year operating plan to lay the foundation for long-term development. With the launch of new models, the companys confidence has significantly increased. Li Bin believes that now is the optimal time for training and urges the team to seize the opportunity and go all out to achieve their goals.South Korean President Lee Jae-myung: South Korea will focus on investing in independently developed technologies, components and materials, such as special chips used for national defense.

Crypto.com chooses Paris for European headquarters

Jimmy Khan

Oct 13, 2022 15:57

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The Singapore-based business announced on Wednesday that the cryptocurrency network Crypto.com would establish its European regional headquarters in Paris.


In a statement, the company said it will spend 150 million euros ($145.7 million) in France to help launch its market operations. It also claimed it would engage local expertise for compliance, business development, and product roles.


The French market authority granted regulatory authorisation to the bitcoin trading platform, which has more than 50 million users globally, last month. This permits it to provide goods and services to clients in France.


Earlier this year, Crypto.com also received regulatory authorisation in the UK and Italy.


A formal license to establish a regional headquarters in France is currently being sought, according to David Prinçay, general manager of Binance France, who announced in May that the cryptocurrency exchange had registered with France's market regulator.