Flash News

TREE NEWS update: US President Donald Trump said the United States does not want cars made in Canada and wants to build its own vehicles. The remark, made in a public statement, signals continued pressure on cross-border auto manufacturing between the two countries. No further policy details or dates were given.

TREE NEWS update: President Trump said New York should not have allowed companies to relocate to Texas, adding that oil refiners and retailers should begin cutting prices. He also said the United States has eliminated more than 1 million federal positions. No further details were given.

TREE NEWS reports: Thirty-eight A-share companies completed H-share listings in the first three quarters of 2026, double the full-year 2025 figure, Wind data show. The reverse channel also opened, with Liqin Resources leading the way back to A-shares on Sept. 30. As of Oct. 9, 2026, the A+H board had expanded to 209 companies.

TREE NEWS update: US Treasury Secretary Bessent said on October 9 in Washington that the US national debt has climbed to about $41 trillion. He said the government is drawing up a fiscal consolidation plan to cut the growing deficit and ease pressure from debt issuance, with the plan expected to be unveiled after the midterm elections.

TREE NEWS reports: Ferrari chairman John Elkann dismissed concerns about a potential AI bubble but warned that a mismatch between AI supply and demand could pose a risk to markets. Elkann, a billionaire industrialist, Meta Platforms board member and chairman of Stellantis NV, said he is optimistic about the AI buildout over the next decade, adding that demand for the energy and computing power underpinning AI remains high.

TREE NEWS reports: Ecuador has suspended power supply to some industries, describing the measure as precautionary and citing weather conditions as the cause. The government did not specify which sectors are affected or how long the suspension will last. No further details on the scope or duration of the outages were provided.

TREE NEWS update: Ecuador has suspended electricity supply to certain industries, calling the measure precautionary and attributing it to weather conditions. The government did not specify which sectors are affected or how long the suspension will last. No further details on the scope or duration of the power cuts were provided.

TREE NEWS reports: Citigroup expects US Treasury Secretary Scott Bessent to reduce long-dated government bond auction sizes and possibly eliminate 20-year issuance entirely. Jason Williams, the bank’s head of US rates strategy, said the base case is a $3 billion cut per auction for both 20-year and 30-year bonds, with the funds raised instead through higher T-bill issuance. He expects the Treasury to announce the move at its next quarterly refunding on November 4. Citi strategists advised clients to position for 20-year bonds to outperform 10-year notes.

TREE NEWS update: Workers at Antofagasta Plc.’s Chilean copper mine escalated their strike, with three union members beginning a hunger strike to pressure the company back to the negotiating table. Union leaders demand an end to what they call discriminatory treatment, citing pay and benefit gaps between employees doing the same work under different unions. Antofagasta has offered a 2% real basic wage increase plus a cash bonus, but the union says November copper output could fall about 50%.

TREE NEWS update: US President Trump announced on 9 October that Russia will supply diesel fuel to global markets, a move critics say conflicts with Washington’s efforts to curb Russian oil sales. Those efforts include the Lindsey O. Graham Sanctions Russia and Iran Act of 2026, which Trump signed three weeks ago and which authorizes tariffs of up to 100% on major buyers of Russian crude or gas.

TREE NEWS update: Former German Chancellor Gerhard Schroeder was invited to Russian President Vladimir Putin’s home in Moscow on October 7 to celebrate Putin’s 74th birthday, the Kremlin said via Telegram, adding that Putin learned from media reports that Schroeder was in the Russian capital and invited his old friend over. Photos released by the Russian side show the two men smiling and shaking hands firmly. Before the birthday gathering, Schroeder and his wife Kim So-yeon visited a Moscow branch of German retail group Globus’s Russian subsidiary and addressed its staff; Bild reported Schroeder has sat on that branch’s supervisory board since early September.

TREE NEWS reports: Russian envoy Dmitriev, during a visit to Washington, asked for licenses allowing all major Russian oil companies to export diesel to the US market. The request was made as part of his talks in the US capital. No decision or response from Washington was reported.

TREE NEWS update: Panama President José Raúl Mulino said no deaths have been reported following the earthquake that struck on October 9. The statement is the first official assessment of casualties after the quake. No further details on damage or injuries were provided.

TREE NEWS update: The Cobre Panama copper mine reported that its production facilities and infrastructure remain stable following an earthquake. The mine, one of the world’s largest copper operations, gave no further details on the quake’s magnitude, timing or any impact on output. The statement addressed only the physical condition of the site’s facilities.

TREE NEWS reports: The US 10-year Treasury yield rose 1.10 basis points to 5.2378% in New York trading on Friday, October 9, ending the week down 3.28 basis points after a sharp intraweek spike and retreat. The 2-year yield added 2.93 basis points to 4.7869%, falling 3.78 basis points over the week. The 10-year last touched 5.3624% on October 7, near its March 2002 peak of 5.4730%.

TREE NEWS update: The UK government said it will maintain pressure on Russia through what it calls the toughest sanctions regime in British history, in response to US-Russia diesel trade. London added that it will keep working closely with international partners to ensure Ukraine receives the military and financial support it needs. No new measures or figures were disclosed.

TREE NEWS update: The U.S. Commodity Futures Trading Commission has issued one rule and proposed another to clarify that event contracts qualify as “swaps,” reinforcing Chairman Mike Selig’s position that prediction-market trading should fall under the agency’s sole jurisdiction. The move comes as the CFTC is locked in legal disputes with multiple states over regulatory authority, with several federal rulings having gone against the agency.

TREE NEWS reports: US equity index futures ended Friday’s New York session higher. S&P 500 futures rose 0.65%, Dow futures gained 0.92% and Nasdaq 100 futures added 0.57%. Russell 2000 futures advanced 0.53%.

TREE NEWS reports: MSCI’s emerging markets stock index rose 0.6%, while the developing-nation currency index fell 0.02%. The two benchmarks moved in opposite directions, with equities gaining even as the currency gauge edged lower.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.6927 per dollar in New York on Friday, breaking past its Sept. 21 close of 6.6929 and approaching the 6.6862 level last seen on July 8, 2022. The currency gained 108 pips versus Thursday’s New York close, trading between 6.7046 and 6.6918 during the session. CNH rose about 0.2% over the week.