Flash News

TREE NEWS update: The United States has told members of the International Energy Agency that it is dissatisfied with the emergency oil release, and proposed committing an additional 100 million barrels on top of the existing release. The position was conveyed to IEA member states, with the US pushing for a larger coordinated drawdown.

TREE NEWS update: The US will release September producer price index, September retail sales, continuing jobless claims for the week of October 3, and the October Philadelphia Fed manufacturing index at 20:30 Beijing time. The four data points arrive in a single batch, giving markets a combined read on inflation, consumer demand, labor conditions and regional factory activity.

TREE NEWS update: China’s Finance Minister Lan Fo’an attended the third G20 Finance Ministers and Central Bank Governors meeting of 2026, held on October 15 in Bangkok under the US presidency, the Ministry of Finance said. The meeting discussed the global macroeconomic outlook, financial sector developments, and progress and work plans for the G20 finance track. Vice Minister Liao Min accompanied Lan.

TREE NEWS reports: The Baltic Dry Index fell 4.57% to 2,545 points, marking its ninth consecutive trading day of declines. The index, which tracks spot rates for dry bulk shipping routes, has now extended a losing streak spanning nine sessions.

TREE NEWS update: US President Donald Trump said he may support a suspension of the federal diesel tax. The statement signals possible White House backing for a temporary fuel-tax holiday, a move that would affect federal revenue tied to diesel sales. No timeline, legislative text or estimated cost was given.

TREE NEWS reports: Bitcoin tested $81,000 as traders priced a hotter-than-expected inflation reading into Fed policy, with the odds of an October rate hike climbing to 29% from 18% a week earlier. Analysts expect the largest cryptocurrency to stay range-bound until the inflation and rate picture clears.

TREE NEWS update: China and Togo issued a joint statement on building a China-Togo community with a shared future for the new era, with Togo welcoming China’s zero-tariff treatment for all African countries with diplomatic ties. The two sides signed a protocol on phytosanitary requirements for Togolese soybean exports to China and a memorandum of understanding on Authorized Economic Operator (AEO) cooperation, and will use platforms including the China International Import Expo to expand Togo’s exports to China.

TREE NEWS update: The 2026 North Bund International Shipping Forum, co-hosted by the Shanghai Municipal People’s Government and the Ministry of Transport, will be held in Shanghai on Oct 20-21, organizers said at a press conference on Tuesday. Guests from more than 50 countries and regions will discuss maritime safety, finance and insurance, digital intelligence and green low-carbon development. The Ministry of Transport said China’s shipping sector is accelerating AI deployment and its green transition.

TREE NEWS update: Yemen’s Houthi movement said on the afternoon of June 15 that it had not launched any attack on Saudi Arabia that day. Earlier the same day, a spokesman for the Saudi-led multinational coalition said a cruise missile was intercepted and destroyed over the Medina region of Saudi Arabia.

TREE NEWS update: Shanghai Party Secretary Chen Jining met Kuok Khoon Hong, chairman and CEO of Singapore’s Wilmar International, in Shanghai. Chen said the recently held National Health and Wellness Conference had laid out systematic plans for a Healthy China, and welcomed Wilmar to step up R&D, innovation and business expansion in the city, deepening cooperation in health foods, medical services, elderly care and talent development.

TREE NEWS reports: Former European Central Bank President Mario Draghi said the United States would not need to make extraordinary efforts to stabilize its debt if Washington can agree on deficit reduction. With artificial intelligence driving expansion in the world’s largest economy, Draghi said he argued last year that shrinking America’s massive debt burden would not require exceptional measures.

TREE NEWS reports: Data from Simuwang shows that 107 managers at 10 billion yuan-plus private hedge funds, each running at least three products, posted an average return of 7.07% in the first nine months of the year through the end of September. Of those, 84 managers, or 78.50%, recorded positive returns.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng attended and spoke at the third G20 Finance Ministers and Central Bank Governors meeting of the year, held on October 15, 2026 in Bangkok, Thailand. The meeting covered the global economic outlook and financial sector reform. PBOC Deputy Governor Xuan Changneng also attended.

TREE NEWS reports: Bitcoin touched about $80,500 on Thursday after September US CPI came in at 3.7%, a rising inflation print. South Korea’s Kospi closed 7.6% lower the same day following a 20-minute trading halt triggered by a circuit breaker.

TREE NEWS reports: Chinese quant private funds including Huanfang, Jiukun and Springs Capital have launched campus recruitment drives at Tsinghua and Peking University since August, with monthly salaries reaching 50,000 yuan and total annual packages up to 800,000 yuan. Springs Capital introduced its Alpha Pioneer program for new graduates, dropping the traditional finance-major requirement in favor of science and engineering backgrounds and quantitative modeling skills.

TREE NEWS update: Shenzhen and Hangzhou each issued new property rules on Oct. 15, extending the Aug. 28 policy’s local versions to two more cities. The measures cover tighter pre-sale management, promotion of completed-home sales, a lead-bank mechanism and optimized land supply. With Beijing, Shanghai, Guangzhou and Shenzhen now all having detailed implementation rules, reform of the commercial housing sales system has entered full implementation.

TREE NEWS reports: The US military has drawn up new plans to strike Iran, including the option of using the large air-blast bomb known as the “Mother of All Bombs” against Iranian nuclear facilities, multiple US officials said on the morning of the 15th. The officials said the planning covers a fresh set of strike options.

TREE NEWS update: Ganfeng Lithium reported net profit attributable to shareholders of RMB 5.012 billion for the first three quarters of 2026, up 19,540.50% from RMB 25.52 million a year earlier. Revenue for the period rose 147.24% to RMB 36.159 billion, while non-recurring net profit reached RMB 4.636 billion versus a RMB 936 million loss last year. Third-quarter net profit was RMB 755 million, up 35.62% year-on-year.

TREE NEWS update: China’s Ministry of Industry and Information Technology has released an artificial intelligence “industry navigation map” covering more than 1,000 application scenarios. The ministry said manufacturing will be the main battlefield and application-driven deployment the main thread, as the country pushes AI to empower a new type of industrialization at a high level.

TREE NEWS reports: Gartner Inc. estimates more than $3.5 trillion in AI infrastructure investment could face asset impairment by 2030 as spending outpaces the revenue needed to support it. AI data center owners would need to generate $8.5 trillion in cumulative revenue by 2030 to cover capex and financing costs and earn a 12% return on invested capital, but Gartner expects enterprise and consumer AI revenue of at most $3.6 trillion over the same period.