Flash News

TREE NEWS update: Japan’s Ministry of Economy, Trade and Industry is expected to soon select Rikou Co. and Choshu Sangyo Co. as recipients of subsidies, with a Sekisui Chemical subsidiary set to begin mass production of perovskite solar cells in Japan in 2027. The ministry’s selection would support the companies’ involvement in the domestic perovskite solar supply chain.

TREE NEWS reports: The U.S. national average price of gasoline stood at $4.286 per gallon as of last Sunday, exceeding price levels seen during the Biden administration at this point in the year. Americans have never paid this much for fuel this late in a calendar year. Biden still holds the single-day national record of $5.02 per gallon set in June 2022.

TREE NEWS update: Iranian President Masoud Pezeshkian said on the 26th that Iran’s goal is to develop multilateralism rather than unilateralism or displays of national force, ahead of a trip to Russia for talks with President Vladimir Putin on strengthening bilateral ties. He said trade should be conducted in national currencies or mutually agreed currencies to prevent US unilateral sanctions from taking effect, and that free energy flows must be guaranteed for global energy sharing.

TREE NEWS reports: US crude oil inventories in the Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since 1982, the Energy Information Administration said. The figure marks a fresh multi-decade low for the emergency stockpile.

TREE NEWS update: A meeting involving Iran, Saudi Arabia, Turkey and Pakistan has concluded, Iranian state broadcaster IRIB reported. The report gave no further details on the agenda, participants or outcomes of the talks. No joint statement or additional information was immediately available.

TREE NEWS reports: South Africa’s FTSE/JSE Africa Top 40 tradable index closed up 0.99% on Monday, October 26, approaching the 101,000-point level. The gain marked a positive session for Africa’s largest equity market benchmark.

TREE NEWS update: The U.S. Treasury will repurchase up to $6 billion of longer-dated securities on Tuesday. 26. The operation targets longer-term maturities in the department’s regular debt buyback program. No further details on the specific securities or the operation’s structure were provided.

TREE NEWS reports: Russia sent 13 million tonnes of grain to Africa in the first nine months of the year, Interfax reported. The figure covers January through September and reflects Moscow’s continued grain exports to African markets.

TREE NEWS reports: Caustic soda closed down 4.5% in China’s night trading session, with palm oil falling about 3% and PVC about 2%. In the same session, bitumen rose 3.3%, LPG gained 2% and methanol added 1.6%.

TREE NEWS update: The 21st International Environmental Expo opened in Hong Kong on 26 April, running through 29 April at AsiaWorld-Expo. The event brings together more than 340 exhibitors from 15 countries and regions under the theme “Connecting the World, Co-creating a Green Future.”

TREE NEWS update: Iran’s president reiterated that Iran does not seek to possess nuclear weapons. No further details, including the date or venue of the remarks, were provided. The reaffirmation comes amid continued international scrutiny of Iran’s nuclear program.

TREE NEWS update: The Arishan 500kV power transmission and transformation project officially began operation at 12:40 on October 25 in the Ulan Buh Desert in Alxa High-tech Zone, Alxa League, Inner Mongolia. The project is the core hub of the ‘Adian into Wu’ initiative, Inner Mongolia’s first cross-league cooperative renewable energy grid consumption project, after four main transformers were connected to the grid.

TREE NEWS update: French President Emmanuel Macron said on the 26th that protests scheduled for the 31st still carry a risk of violent clashes. Speaking in Marseille, where he inspected damage to the city hall from the 17th demonstrations, Macron said the government had underestimated the earlier protests and failed to deploy police adequately.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on May 26 that Russia hopes the political forces that win Serbia’s parliamentary elections will take a constructive approach to further developing relations with Russia. Peskov made the remark as Moscow signaled its expectation for continued ties with Belgrade after the vote.

TREE NEWS reports: The Nasdaq 100 rose as much as 1% on the day, setting a new intraday high. The move extends the index’s advance and marks its strongest level of the session. No further details were immediately available.

TREE NEWS update: US lawmakers on Capitol Hill questioned SpaceX CEO Elon Musk over speed restrictions on Starlink service in Ukraine. The inquiry focuses on the limits placed on the satellite internet service used by Ukrainian forces. No further details or responses were immediately available.

TREE NEWS reports: ICE raw sugar futures fell 6.00% during intraday trading to 18.82 cents per pound. The move marks a sharp single-session decline in the soft commodity, with the contract last quoted at that level.

TREE NEWS reports: WTI crude oil futures dropped below $101 a barrel, setting a fresh low for the session. The move marks a pullback in U.S. benchmark crude prices, with the front-month contract trading under the $101 level.

TREE NEWS reports: The Dallas Federal Reserve’s business activity index for October came in at 9.8, unchanged from the prior reading of 9.8. The reading, released as part of the Dallas Fed’s monthly survey of Texas-area manufacturers, indicates activity in the region held steady at the same pace as the previous month.

TREE NEWS reports: WTI crude oil futures deepened their decline to 2.3% on Wednesday, with the drop widening after Iran signaled openness to a regional unity proposal. The move reflects shifting sentiment in energy markets as traders weigh the potential geopolitical implications of Tehran’s stance.