Flash News

TREE NEWS update: Hunan province aims to raise its resource-recovery rate for municipal solid waste to at least 76% by 2030, under its 15th Five-Year Circular Economy Development Plan released in recent days. The plan also targets an output value of 400 billion yuan for the resource-recycling industry and full coverage of household waste sorting across cities.

TREE NEWS reports: The secured overnight financing rate (SOFR) rose to 3.92% on Oct. 23 from 3.90% the prior day. The effective federal funds rate held steady at 3.88% for the same trading day.

TREE NEWS update: Brazil announced a buyback program for local-currency fixed-rate government bonds, sending swap rates lower in short order. The move targets the country’s fixed-rate sovereign debt and was followed by a near-term pullback in interest-rate swaps. No further details on the size or timing of the repurchase were provided.

TREE NEWS update: Iran said it is prepared to support any “understanding” that contributes to regional unity, Iranian media IRIB reported. The statement did not specify what form such an understanding would take or which parties would be involved. No further details or conditions were given in the report.

TREE NEWS update: Bosch, the world’s largest auto parts supplier, will transfer its German mobility business and three service units—digitalization, global business services and global real estate—from Robert Bosch GmbH into separate wholly owned legal entities, with the group headquarters becoming a holding company retaining only group financing and central research. The new entities begin operating on Aug. 1, 2027, with the restructuring phased through end-2027. Bosch China said the change does not affect its China operations.

TREE NEWS reports: The US military is prepared to carry out a new round of large-scale strikes on Iran, with President Donald Trump potentially ordering the action after the November US midterm elections, US media reported on the 26th. No further details on the timing or scope of the reported plans were provided.

TREE NEWS update: The UN Independent International Commission of Inquiry said in a report released on the 26th that Israel has committed war crimes and crimes against humanity in the occupied Palestinian territories and is continuing to carry out genocide in the Gaza Strip. The commission’s finding was published as a formal report on the situation.

TREE NEWS update: Russia’s Federal Security Service (FSB) said on the 26th that it had thwarted a planned attack by Ukrainian intelligence, detaining two suspects who intended to strike a power facility and Moscow’s missile defense system. The FSB announced the arrests and the alleged targets without providing further details.

TREE NEWS update: Mexican President Claudia Sheinbaum is scheduled to speak by telephone with Brazil’s re-elected President Luiz Inácio Lula da Silva at 12:00 local time, the Mexican government said. The call comes after Lula won re-election in Brazil. No further details of the call’s agenda were provided.

TREE NEWS update: China has contributed significantly to the smooth progress of negotiations at the 17th Conference of the Parties to the Convention on Biological Diversity (COP17), currently underway in Yerevan, Armenia, according to COP17 President and Armenian Environment Minister Hambardzum Matevosyan. He cited China’s pre-conference Kunming Dialogue and the ongoing global collective progress review as examples of sustained support for the conference’s work.

TREE NEWS reports: Chinese automakers outsold Japanese rivals in Europe over a full quarter for the first time, with Chinese brand registrations nearly doubling year-on-year in July-September to account for 12.7% of total European vehicle sales. Japanese automakers, including Toyota, held an 11.9% share, with hybrids driving the strongest performance among Chinese brands.

TREE NEWS reports: European natural gas prices briefly rose above €97 per megawatt-hour, the first time since 2022, on concerns over winter supply and Middle East conflict. The move marks a return to price levels not seen in more than two years.

TREE NEWS update: CICC plans an interim 2026 profit distribution of RMB 0.26 per share (tax included), for a total payout of RMB 2.062 billion based on 7.931 billion shares after its share-swap mergers with Dongxing Securities and Cinda Securities. If the total share count changes, the company will keep the total distribution unchanged and adjust the per-share amount accordingly.

TREE NEWS reports: Spot silver fell 1% during the session to trade at $53.37 per ounce, extending an intraday decline. The move reflects a pullback in the precious metal, a market that often trades alongside crypto assets as a hedge. No further context was provided.

TREE NEWS reports: Brazil’s small-cap stock index fell 30% on Thursday, marking its largest single-day decline on record. The drop in the small-cap gauge far outpaced moves in the country’s broader equity benchmarks. No further details on the cause or the specific index level were immediately available.

TREE NEWS reports: The three major US indexes opened higher, with the Dow up 0.2%, the S&P 500 up 0.25% and the Nasdaq up 0.28%. Brazilian companies listed in the US fell sharply, with XP down over 52%, PagSeguro Digital down over 33%, Itaú Unibanco down over 23% and Petrobras down over 17%. SK Hynix rose over 2% on reports it is preparing a 50-60 trillion won shareholder return plan, while Meta edged lower as it seeks up to $95 billion in equity financing to support AI spending.

TREE NEWS reports: The S&P 500 opened 16.02 points higher, up 0.21%, at 7,639.70. The Dow Jones Industrial Average opened up 105.29 points, or 0.20%, at 52,320.45, while the Nasdaq Composite opened up 71.52 points, or 0.28%, at 26,026.87.

TREE NEWS update: Egypt’s House of Representatives voted unanimously on the 26th to authorize President Abdel Fattah el-Sisi to deploy troops to Saudi Arabia for defense purposes. The vote followed two emergency sessions last week that failed to reach agreement, making this the third meeting on the matter. The decision grants the president formal parliamentary approval to send Egyptian forces to the kingdom.

TREE NEWS reports: Xinjiang’s gross domestic product reached 1.643 trillion yuan in the first three quarters of 2026, up 4.2% year on year at constant prices, the regional government said. The pace was slower than the national growth of 4.6% over the same period but faster than Xinjiang’s first-half expansion of 3.7%.

TREE NEWS update: Audi signed strategic agreements with China FAW Group and SAIC Motor to reinforce differentiated positioning between its four-ring brand and the AUDI lettered brand, formalizing a “dual-brand, dual-partner” channel architecture in China. The automaker said the agreements clarify each brand’s strategic focus and reflect a long-term commitment by Audi, FAW and SAIC to the Chinese market. The move marks a strategic milestone in Audi’s China layout.