TREE NEWS update: Nexchip Semiconductor plans to repurchase its A-shares via centralized bidding, with the buyback amount set at no less than 500 million yuan and no more than 800 million yuan, at a price not exceeding 37.00 yuan per share. The repurchased shares will be used for the company’s employee stock ownership plan or equity incentive program. The buyback period will run no longer than 12 months from the date the board approves the plan.
TREE NEWS reports: Democrats are already discussing compromise on the Clarity Act, with their requests described as logical, raising the prospect that the crypto market-structure bill has new life. The development comes as a Democratic election sweep pumps crypto markets. The material did not specify the timing of the talks or the substance of the requested changes.
TREE NEWS reports: WTI crude rose 2.5% intraday to break above $90 a barrel, trading at $90.30, while Brent crude gained 3.0% to $97.63 a barrel. The moves mark a sharp single-session rally in both benchmarks.
TREE NEWS update: Apple has launched a seven-tranche US dollar investment-grade bond offering, with the company’s premarket gain narrowing to 1.23% following the report. The deal marks a new debt issuance by the iPhone maker, though the size and pricing of the tranches were not immediately disclosed. Apple shares had been higher in premarket trading before the bond sale news.
TREE NEWS update: Bank of England Deputy Governor Clare Lombardelli said eurozone inflation data indicate the UK is not the only country facing energy price risks. Her remarks point to shared exposure to energy-driven price pressures across European economies, framing the UK’s inflation challenge in a broader regional context.
TREE NEWS reports: The Baltic Dry Index rose 1.71% to 2,740 points, the index tracking the cost of shipping dry bulk commodities showed. The move marks the latest reading for the benchmark, which reflects freight rates across capesize, panamax and supramax vessel segments. No further detail on the underlying route or vessel-class breakdown was provided.
TREE NEWS update: Samsung Wallet now lets eligible U.S. Galaxy users buy, hold, send and receive USDC on Solana directly within the app, without needing a separate crypto app or managing private keys. The integration brings the dollar-pegged stablecoin into Samsung’s native wallet for qualifying users in the United States.
TREE NEWS reports: Shanghai nickel and coke rose more than 2% at the open of China’s night futures session, while low-sulfur fuel oil, rapeseed meal, pulp, Shanghai tin and coking coal each gained over 1%. Propylene and LPG fell more than 3%, with plastics down over 2% and styrene, fuel oil, rapeseed oil, pure benzene and ethylene glycol each losing more than 1%.
TREE NEWS reports: France changed the venue of the G7 foreign ministers’ meeting from Marseille to Paris at the last minute, three diplomats said and an email seen by Reuters showed on the 5th. The change came as protests continued in the country. The meeting had been scheduled to take place in Marseille.
TREE NEWS update: Bank of England Governor Andrew Bailey said progress toward peace would be welcome and would help bring down energy prices. Bailey made the remark in comments published Wednesday, linking geopolitical de-escalation to relief in energy costs. He gave no further detail on the timing or scope of any policy implications.
TREE NEWS update: Volkswagen China said on its official WeChat account that fraudsters have been impersonating Volkswagen (China) Investment Co. and regulatory authorities to send fake text messages to some car owners, luring them via unofficial links to provide personal information and process purported recalls. The messages and attached documents are not official Volkswagen recall notices, the company said, urging owners not to click suspicious links, reply, or share personal and vehicle data.
TREE NEWS update: Bank of England Governor Andrew Bailey said the market curve has priced in further tightening next year, but this mainly reflects a risk premium rather than market expectations for interest rates, and is partly justified by energy risks. He said further hikes may be necessary unless progress is made in resolving the conflict, and that positive developments in the Iran conflict could lower the risk of a further inflation rise, potentially leaving the CPI peak “slightly below” 5%.
TREE NEWS update: Baidu has open-sourced its latest base model, ERNIE 5.5 Flash Base. The mixture-of-experts model has 280 billion total parameters and activates 14 billion per token, and was pretrained on 33.5 trillion tokens with a pretraining context length of up to 128K. Fine-tuning and inference support contexts of up to 1 million tokens.
TREE NEWS reports: SkyBridge founder Anthony Scaramucci said President Trump’s memecoin ventures derailed the CLARITY Act, with disputes over ethics restrictions also stalling negotiations. Scaramucci placed responsibility for the setback on both sides. The remarks address why the crypto market-structure bill has failed to advance.
TREE NEWS update: Hefei Municipal State-owned Assets Supervision and Administration Commission has approved Hefei Construction Investment’s agreement to acquire a 5.30% stake, or 96,180,444 shares, in Gotion High-tech from Volkswagen (China) Investment at 24.09 yuan per share, for a total of 2.317 billion yuan. The transfer still requires compliance confirmation from the Shenzhen Stock Exchange and share transfer registration with China Securities Depository and Clearing Corp.’s Shenzhen branch.
TREE NEWS update: Bank of England Governor Andrew Bailey said the central bank needs to limit the fallout from the conflict involving Iran, in remarks published on Wednesday. Bailey did not specify what measures the Bank of England might take or how the conflict could affect monetary policy or financial markets.
TREE NEWS reports: President Trump suffered broad voter rejection in Tuesday’s midterm elections, a result some Fed watchers say could lift political pressure on Federal Reserve Chair Kevin Warsh and let him focus more on curbing inflation. With cost of living among voters’ top concerns, Mark Spindel, a co-author of a history of Fed independence, said Warsh and colleagues can now concentrate on monetary policy but must start acting.
TREE NEWS update: Ukrainian President Volodymyr Zelensky said in an interview with German media on September 4 that he hopes a Democratic victory in the U.S. midterm elections would help increase American aid to Ukraine and pressure on Russia. Zelensky made the remarks in an interview with German media.
TREE NEWS update: Binance has cut off SignalPlus’s API keys, citing a “potential security issue” at the trading platform, the exchange said. Binance added that its own systems and user funds are unaffected by the move, which comes a week after it lost $6.4 billion in a hack blamed on North Korea.
TREE NEWS update: Liu Haixing, head of the CPC International Department, led a delegation to Pakistan and Bangladesh from Nov. 1 to 5, meeting Pakistani Prime Minister Shehbaz Sharif, army chief Asim Munir, Deputy PM and Foreign Minister Ishaq Dar, President Asif Ali Zardari and Prime Minister Tarique Rahman, among others. In Islamabad he attended a Xi Jinping party-building theory exchange and the launch of a Pakistan-China governance research center; in Dhaka he attended a China-Bangladesh “Party Plus” roundtable and a livelihood donation event.