Flash News

TREE NEWS reports: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to decline over the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS update: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to slide over the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS reports: According to people familiar with the matter, Ronin Capital’s ‘Cypress’ hedge fund fell about 30% in the third quarter, erasing nearly all of the 44% gain it had achieved from the start of the year through the end of June. The fund dropped roughly 25% in July alone and continued to slide in the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS update: According to people familiar with the matter, Ronin Capital’s ‘Cypress’ hedge fund fell about 30% in the third quarter, erasing nearly all of the 44% gain it had achieved from the start of the year through the end of June. The fund dropped roughly 25% in July alone and continued to slide in the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS update: Russia has partially lifted its diesel export ban, allowing 500,000 tonnes onto the international market, following an agreement between President Vladimir Putin and US President Donald Trump. The decision took effect Saturday, easing restrictions imposed this year to protect domestic fuel supply. Russian oil companies will immediately begin negotiating export contracts with international buyers under government coordination. Moscow did not say when the diesel will ship or whether more volumes may be approved.

TREE NEWS update: US President Donald Trump said on October 10 that Ukrainian President Volodymyr Zelensky can do what he wants but must not attack oil refineries. Speaking to reporters at the White House before departing for a Republican rally in Tennessee, Trump said Zelensky should stop immediately and suggested Ukraine replace its leadership, saying it is time for a new president who can reach a deal.

TREE NEWS reports: Oct. 10 marks the largest single day of liquidations in crypto’s recorded history, with more than $19 billion wiped out. A year ago to the day, bitcoin had just set an all-time high of $126,000, with Standard Chartered projecting it would reach $200,000. The liquidation figure is the highest on record for the industry.

TREE NEWS update: China’s foreign ministry said no Chinese citizens have been reported killed or injured after a magnitude 7.6 earthquake struck Panama on June 10, with more than 100 aftershocks recorded. Beijing extended condolences to the Panamanian government and people in the quake zone. The ministry and China’s embassy in Panama said they are monitoring the situation and will assist citizens in need, warning those in the country to guard against secondary disasters.

TREE NEWS update: Witnesses reported an explosion at Terminal 3 of King Khalid International Airport in Riyadh, Saudi Arabia. The reports, which emerged from the Saudi capital, gave no immediate word on casualties or damage. No official statement or further details were available.

TREE NEWS reports: Witnesses reported that an explosion occurred at Terminal 3 of King Khalid International Airport in Riyadh, Saudi Arabia. The reports from the Saudi capital made no immediate mention of casualties or damage. No official statement or further details have yet been confirmed.

TREE NEWS update: Several Chinese banks, including Xishang Bank and Handan Bank, have rolled out new three-year personal large-denomination certificates of deposit with an annualized interest rate of 2%, requiring a minimum deposit of 200,000 yuan. The products mark the return of the 2% annualized yield level to the large-denomination CD market.

TREE NEWS update: Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the CPC Central Committee, held the 28th China-France Strategic Dialogue with French presidential diplomatic adviser Emmanuel Bonne in Datong on Oct 10, 2026, China’s foreign ministry said. The two sides held lengthy and in-depth talks on deepening strategic cooperation and reached broad consensus, and affirmed the positive results of the China-EU trade and investment consultation mechanism.

TREE NEWS reports: According to the Chinese Ministry of Foreign Affairs, Wang Yi, member of the Political Bureau of the CPC Central Committee and Chinese Foreign Minister, held the 28th China-France Strategic Dialogue with Emmanuel Bonne, Diplomatic Advisor to the French President, in Datong on October 10, 2026. The two sides conducted lengthy and in-depth discussions on deepening strategic cooperation, reached broad consensus, and affirmed the positive outcomes of the China-EU trade and investment consultation mechanism.

TREE NEWS update: According to China’s Ministry of Foreign Affairs, Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and China’s Foreign Minister, held the 28th China-France Strategic Dialogue with Emmanuel Bonne, Diplomatic Advisor to the French President, in Datong on October 10, 2026. The two sides held lengthy and in-depth discussions on deepening strategic cooperation, reached broad consensus, and affirmed the positive outcomes of the China-EU trade and investment consultation mechanism.

TREE NEWS update: According to the Chinese Ministry of Foreign Affairs, Wang Yi, Member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs of China, held the 28th China-France Strategic Dialogue with Emmanuel Bonne, Diplomatic Advisor to the President of France, in Datong on October 10, 2026. The two sides conducted in-depth and extensive discussions on strengthening strategic cooperation, reached broad consensus, and noted the positive outcomes of the China-EU trade and investment consultation mechanism.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on the 10th that Russian President Vladimir Putin conveyed Iran’s ideas for resolving the conflict to US President Donald Trump. Putin told Iranian President Masoud Pezeshkian he would speak with Trump while attending CIS and Caspian summits in Turkmenistan, and passed on the proposals in a call with Trump on the 9th. Peskov did not disclose the content of Iran’s proposals.

TREE NEWS update: Yemen’s Houthi group said the Saudi-led coalition struck Sanaa International Airport on the afternoon of the 10th, dropping four bombs on the Houthi-held facility. The coalition also bombed a communications site in Hajjah province with three bombs, the group said. Saudi Arabia has not yet responded.

TREE NEWS update: Ukraine’s General Staff said on October 10 that its forces struck the Samara linear production dispatch station in Russia’s Samara region for a second time, with damage still being assessed. The station is a major hub for receiving, storing and blending crude oil used to supply Russian troops, the military said. It confirmed that four storage tanks were destroyed and a large fire broke out in an October 7 strike on the same site.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing convened a symposium in Beijing on October 10 with executives of listed companies and securities and fund industry experts to gather views on the current capital market and financial situation. Participants agreed China’s macroeconomy is stabilizing and improving, industrial restructuring is deepening, and the capital market is operating broadly steadily, voicing confidence in the economy and the market despite risks and challenges.

TREE NEWS update: China’s National Development and Reform Commission Director Zheng Shanjie chaired a symposium with private enterprises on September 10, discussing the third-quarter economic situation and responses to shifts in international supply and demand. Executives from Shengong Holding, Dongming Petrochemical, ENN Group, Jifeng Agriculture and XtalPi attended, covering petrochemicals, natural gas supply, agricultural machinery and AI applications. The NDRC said major projects under the 15th Five-Year Plan and the “Six Networks” construction plan should start as early as possible.