Flash News

TREE NEWS reports: Federal Reserve Governor Michelle Bowman said she does not see urgency for the Fed to take further action on interest rates, adding that after the last rate hike the central bank will take a “wait-and-see” approach, watching financial markets and economic trends before considering any further moves. No timeline for the next decision was given.

TREE NEWS update: An Air India flight AI2030 from Frankfurt to Delhi squawked the 7500 transponder code — the international signal for hijacking or unlawful interference — after entering Indian airspace on October 14, and diverted to Jaipur International Airport. Armed security surrounded the aircraft on landing, passengers disembarked safely and a search was carried out. India’s civil aviation authority said the plane passed inspection and passengers are expected to reboard shortly.

TREE NEWS update: Lin Honghong, vice chairman of the China Council for the Promotion of International Trade, met with Alvaro Barrenechea, president of the Peru-China Chamber of Commerce, in Beijing on October 14. The two sides discussed deepening cooperation between the two organizations, advancing China-Peru economic and trade ties, and participating in the China-Latin America Entrepreneurs Summit and APEC business events.

TREE NEWS update: A man aged about 40 burst into a Chow Sang Sang jewellery shop at 70 Kwong Fuk Road in Tai Po, Hong Kong at just after 3pm on October 14, seized a quantity of jewellery and fled on foot toward Kwong Fuk Lane. Police were called to the scene and are searching for the suspect, who remains at large.

TREE NEWS update: A man in his 40s burst into the Chow Sang Sang jewellery shop at 70 Kwong Fuk Road, Tai Po, Hong Kong shortly after 3 p.m. on October 14, snatched a quantity of jewellery and fled on foot towards Kwong Fuk Lane. Police were called to the scene and are searching for the suspect, who remains at large.

TREE NEWS update: China has approved and issued more than 600 national standards for clean energy covering hydropower, solar, solar thermal and hydrogen, along with over 1,300 group standards and 345 foreign-language versions of national standards. The figures were released at a World Standards Day event jointly hosted by the State Administration for Market Regulation and three other departments. China is the world’s largest energy producer and consumer.

TREE NEWS update: Yemen’s Houthi movement said it launched a large volley of ballistic missiles, cruise missiles and drones at Riyadh’s King Khalid International Airport, Saudi Aramco facilities in Dhahran in eastern Saudi Arabia, and a refinery in Riyadh earlier the same day. The group said it would respond to escalation with escalation.

TREE NEWS reports: DBS analyst Philip Wee said Fed’s John Williams supports another rate hike before end-2026 but declined to endorse market pricing for further tightening in 2027. Williams reiterated the Fed remains data-dependent, not reliant on any single data point, with policy guided by the inflation path over the next one to two years. Today’s CPI report is expected to show core inflation slowing to 0.2% from 0.3%.

TREE NEWS update: A container ship caught fire and sank in the southern waters of the Strait of Hormuz after striking a mine, Iran’s Islamic Revolutionary Guard Corps said in a statement carried by Iranian media on the 14th. No further details on the vessel, its cargo or casualties were given.

TREE NEWS update: Chinese Premier Li Qiang attended the opening ceremony of the 140th China Import and Export Fair (Canton Fair) in Guangzhou on the afternoon of October 14 and delivered a keynote speech. The fair is China’s largest trade exhibition, held twice yearly in Guangzhou.

TREE NEWS reports: China’s social financing increment reached 27.46 trillion yuan in the first three quarters of 2026, the People’s Bank of China said on October 14. RMB loans to the real economy rose 11.5 trillion yuan, while corporate bond net financing hit 2.75 trillion yuan and government bond net financing 10.3 trillion yuan. Bond and equity financing accounted for about 49.48% of the total, roughly 7 percentage points more than loans.

TREE NEWS reports: The People’s Bank of China announced on October 14 that China’s total social financing increase for the first three quarters of 2026 reached 27.46 trillion yuan. RMB loans to the real economy increased by 11.5 trillion yuan, net financing through corporate bonds was 2.75 trillion yuan, and net financing through government bonds was 10.3 trillion yuan. Bond and equity financing accounted for about 49.48% of the total, exceeding loans by about 7 percentage points.

TREE NEWS reports: The People’s Bank of China has further adjusted and refined several monetary policy tools on top of the structural measures introduced earlier this year. Authorities say the two rounds of structural monetary policy packages rolled out in 2026 are targeted and practical amid the shift in growth drivers, helping financial institutions better serve the real economy. As existing and new measures combine, the financial system will keep supporting high-quality real-economy development.

TREE NEWS reports: The weighted average interest rate on new corporate loans in China came in slightly below 3% in September, about 0.2 percentage points lower than a year earlier. The weighted average rate on new individual housing loans was roughly 3.1%, essentially flat year on year, leaving both at low levels and indicating that overall social financing costs remain subdued.

TREE NEWS reports: White House officials are actively discussing the idea of reducing intelligence sharing with Ukraine, a government official said. No consensus has been reached on how to proceed, and CIA Director John Ratcliffe opposes the idea. The deliberations were reported by Semafor.

TREE NEWS reports: China’s outstanding stock of total social financing stood at 468.17 trillion yuan (46.817 trillion yuan) at the end of September 2026, up 7.1% from a year earlier, the People’s Bank of China said in preliminary statistics. The aggregate financing measure covers bank loans, bonds, equity and off-balance-sheet credit extended to the real economy.

TREE NEWS update: The People’s Bank of China will conduct a 700 billion yuan outright reverse repo operation on October 15, 2026, using a fixed-quantity, rate-tender, multiple-price auction, the central bank said. The operation carries a six-month term of 182 days, maturing April 15, 2027, with the date adjusted for public holidays. The PBOC said the move is aimed at keeping banking-system liquidity ample.

TREE NEWS reports: China’s central bank reported that yuan deposits increased by 20.76 trillion yuan in the first three quarters of 2025. At end-September, domestic and foreign currency deposits totaled 357.52 trillion yuan, up 7.6% year-on-year, while yuan deposits stood at 349.45 trillion yuan, up 7.5%. Household deposits rose 9.39 trillion yuan, non-financial corporate deposits 3.16 trillion yuan, fiscal deposits 1.63 trillion yuan and non-bank financial institution deposits 4.41 trillion yuan.

TREE NEWS reports: China’s central bank announced that RMB deposits increased by 20.76 trillion yuan in the first three quarters of 2025. As of the end of September, total domestic and foreign currency deposits stood at 357.52 trillion yuan, up 7.6% year-on-year, while RMB deposits reached 349.45 trillion yuan, up 7.5%. Household deposits increased by 9.39 trillion yuan, non-financial corporate deposits by 3.16 trillion yuan, fiscal deposits by 1.63 trillion yuan, and non-bank financial institution deposits by 4.41 trillion yuan.

TREE NEWS reports: China’s new yuan loans for January-September totaled 11.52 trillion yuan, up from 10.44 trillion yuan in the prior reading. September M2 money supply grew 7.2% year on year, slowing from 7.5% in the previous month, while M1 growth eased to 3.2% from 4.1%.