Flash News

TREE NEWS update: US President Donald Trump said yes when asked whether he is open to direct talks with Iran. The remark was made in response to a question about direct dialogue between Washington and Tehran. No further details on timing, format or preconditions were given.

TREE NEWS update: US President Donald Trump said the shortage of refineries is the real problem behind gasoline prices, pointing to refining capacity rather than the pump price itself. He added that his administration will help farmers address diesel issues. The comments were made without a specific policy or timeline attached.

TREE NEWS update: US President Donald Trump said the United States maintains a very good relationship with Serbia. He made the remark in a statement, without providing further details on the context or any specific policy measures. No additional commitments or agreements were disclosed.

TREE NEWS update: US President Donald Trump said he is in no hurry to begin trade negotiations with Canada. The remark signals no immediate push from Washington to open formal talks with Ottawa, leaving the current trade posture between the two countries unchanged for now.

TREE NEWS reports: At the close of New York trading on Monday, October 5, CBOT wheat futures rose 1.54% and ICE raw sugar futures climbed 4.26%, with white sugar up 3.22%, as a stronger Brazilian real boosted the sweetener. CBOT corn slipped 0.05% and soybeans gained 0.22%, while the Bloomberg Grains Subindex added 0.42% to 33.0607 points.

TREE NEWS update: Saudi Arabia, Pakistan and Turkey activated the Mecca Defense Alliance’s collective defense mechanism at an emergency meeting of its strategic political and defense committee in Riyadh on Oct. 5. The move is intended to raise readiness and military integration and strengthen the three countries’ ability to deter threats. The committee named retired Pakistani Lt. Gen. Numan Mahmood as the alliance’s first secretary-general for a three-year term.

TREE NEWS update: US President Donald Trump has abandoned a previously considered ban on diesel exports, opting instead for executive measures to bring down high diesel prices. The steps include widening the use of tax-exempt dyed diesel, encouraging states to cut fuel taxes, and reviewing the federal diesel tax. The push comes as elevated diesel costs hit farmers and Republicans face election pressure ahead of November’s midterms.

TREE NEWS reports: The Hang Seng Index main futures contract closed its night session up 0.97% at 24,266 points. The Hang Seng Tech Index main futures contract closed up 1.36% at 4,245 points in the same session.

TREE NEWS reports: Cargill reported a 52% drop in first-quarter profit, hit by elevated cattle costs and a decline in cocoa. The agricultural commodities giant’s earnings fell sharply in the quarter as those two factors weighed on results.

TREE NEWS reports: Brent crude (XBRUSD) dropped to $104 a barrel and was last quoted at $103.97, down 2.9% from the previous session’s close. The move marks a decline of roughly $3 a barrel from the prior close.

TREE NEWS reports: Middle East Abu Dhabi Murban crude futures fell 1.05% to $109.66 a barrel. NYMEX November natural gas futures settled at $3.0660 per million British thermal units.

TREE NEWS update: US Treasury Secretary Scott Bessent said Iran’s tanker loadings stood at zero in September. The statement, made by the top US financial official, points to a halt in Iranian crude shipments loaded onto tankers during that month. No further details or figures were provided.

TREE NEWS update: Yemen’s Houthi movement said it controls Bab el-Mandeb, Zubab and Mokha, Iran’s Student News Agency (ISNA) reported. The claim covers the strategic Bab el-Mandeb strait at the southern end of the Red Sea, a key global shipping chokepoint, along with the Zubab and Mokha areas on Yemen’s western coast. No further details were given.

TREE NEWS update: BHP Group has asked Chilean labor authorities to start mediation in wage negotiations with supervisors and workers at its Escondida copper mine, the world’s largest, buying more time to avoid a strike. In a Monday statement, BHP said once a mediation date is confirmed, both sides will have five working days to continue talks.

TREE NEWS reports: Iran’s state broadcaster IRIB reported that a missile may have struck Riyadh airport. No further details on casualties, damage or the origin of the reported strike were provided. The claim has not been independently confirmed.

TREE NEWS update: Pakistan’s Foreign Ministry said Saudi Arabia, Pakistan and Turkey convened an emergency meeting of the Mecca Alliance’s Strategic Political and Defense Committee. Nauman Mahmood of Pakistan was appointed the alliance’s first Secretary-General for a three-year term. The three countries agreed to provide mutually agreed military forces and related capabilities.

TREE NEWS update: Saudi Arabia’s defense minister said the Mecca Coalition has activated a collective deterrence mechanism in response to attacks targeting the kingdom. The announcement covers the coalition’s joint response framework, which member states would use against strikes on Saudi territory. No further operational details were disclosed.

TREE NEWS reports: Cargill Inc. plans to raise $1.25 billion through an investment-grade bond sale, making it one of the few companies tapping the market as borrowing costs surge. The grain trading giant is issuing bonds in two tranches with maturities of three and 10 years, people familiar with the matter said. The longer tranche was priced at 75 basis points over Treasuries, about 25 basis points tighter than initial discussions.

TREE NEWS update: European Central Bank supervisory board chair Claudia Buch publicly opposed an EU proposal to weaken the so-called output floor, which limits banks’ ability to cut capital requirements through internal models. Speaking at a conference in Vienna, Buch said retreating from the agreed output floor “is not a good idea” and cannot be justified. The proposal to revisit the floor is part of an EU report on boosting banking competitiveness, with legislative proposals promised for the first quarter of next year.

TREE NEWS reports: JPMorgan raised its rating on Brazilian equities to overweight following the conclusion of voting in Brazil’s election. The upgrade marks a shift in the bank’s stance on Latin America’s largest stock market after the vote. No further details on the rationale or specific targets were given.