Flash News

TREE NEWS reports: Investor and shareholder Artisan Partners has called on UBS Group to move out of Switzerland, citing the country’s stricter capital regime. The asset manager, which holds a stake in the bank, argued that the tougher Swiss capital requirements make remaining in the jurisdiction untenable. The push adds pressure on UBS over its post-Credit Suisse regulatory burden.

TREE NEWS update: US President Donald Trump said that if he governed Venezuela, he would do exactly the same things as President Nicolás Maduro, whom he described as having been taken away by him. Trump made the remark in comments on the two countries’ leadership. He offered no further detail on the statement.

TREE NEWS update: South Korea plans to invest billions of dollars in major US energy projects, including a key Alaska liquefied natural gas (LNG) project, the White House said. The investments are expected to create thousands of jobs and help lower energy costs for Americans.

TREE NEWS reports: WTI November crude settled at $90.42 a barrel, up $1.04 or more than 1.16%, with the front-month contract gaining over 7.56% in September and more than 31.65% in the third quarter. Middle East Abu Dhabi Murban crude rose 70.78% over the quarter to $119.99 a barrel, having touched $131.53 on September 14. NYMEX November natural gas closed at $3.0260 per million BTU.

TREE NEWS update: US President Donald Trump praised investments made by Eli Lilly, Merck and Pfizer. The statement did not specify the size, structure or timing of the investments. No further details were provided.

TREE NEWS update: US President Donald Trump said Canada has taken advantage of the United States for many years. The remark was made without any accompanying policy announcement or figure. No further details were given.

TREE NEWS update: US President Donald Trump said Marco Rubio will take action on Cuba, telling reporters to watch what Rubio does against the country. “Watch what Rubio does about Cuba,” Trump said. “See how he’ll deal with Cuba.” No specific measures were announced.

TREE NEWS reports: Egypt’s economy expanded 4.67% in the second quarter compared with the previous quarter. The quarter-on-quarter figure reflects sequential growth momentum in the North African economy. No further breakdown of the data was provided.

TREE NEWS update: US President Donald Trump said the disbanding of Iraq’s military and police under the George W. Bush administration left the country ungoverned and allowed ISIS to rise. Speaking on Iraq, Trump said his administration’s approach will be entirely different, adding that the US has learned from what he called the foolish mistakes made there.

TREE NEWS update: First Quantum provided an update on the Cobre Panama mine in Panama and disclosed 17 recommendations. The company will restart negotiations with the Panamanian government and is offering guidance to the counterparty on future actions. First Quantum committed to cooperating with the Panamanian government.

TREE NEWS update: New York Governor Kathy Hochul is asking the Trump administration to exempt New York City subway car and bus purchases from tariffs, aiming to spare the largest US public transit system the added cost. The state-run MTA plans to buy nearly 9,000 subway and commuter rail cars and about 5,800 buses to replace its aging fleet. The MTA says the extra money not spent on tariffs could instead go toward replacing train cars and buying new buses.

TREE NEWS update: US President Donald Trump said oil traffic through the Strait of Hormuz reached historic levels over the past three days. The statement, issued by the president, cited the volume of crude passing through the key Gulf chokepoint without giving specific figures. The Strait of Hormuz is the world’s most important oil transit route, carrying a large share of seaborne crude.

TREE NEWS update: US President Donald Trump said on September 30 in a post on his Truth Social platform that the last group of US troops is withdrawing from Iraq. Trump said the pullout is proceeding in an orderly manner, unlike the withdrawal from Afghanistan, and expressed confidence that Iraq’s new Prime Minister al-Zaidi can handle the country’s affairs.

TREE NEWS reports: Bitcoin briefly rose to $85,600 on Wednesday after US August PCE inflation data came in below expectations, then fell back to $84,350. In the four hours following the data release, derivatives markets liquidated $55 million in short positions and $27 million in long positions.

TREE NEWS update: US President Donald Trump, speaking on Iran, said “you’ll see things move pretty fast.” The remark came as Washington’s posture toward Tehran remains in focus; Trump offered no further detail on what specific developments or timeline he was referring to.

TREE NEWS update: The US Senate voted down legislation that would have capped electricity rate increases tied to data centers. The bill sought to limit how much utilities can pass on to ratepayers from the power demand of data-center buildouts. The vote leaves current rate-setting rules unchanged.

TREE NEWS update: US Trade Representative Jamieson Greer said 10 more trade agreements are still to be signed, adding that Washington remains in fairly frequent contact with his Canadian counterpart. Greer said the door remains open if Canada wants a deal. He gave no timeline or details on the countries involved.

TREE NEWS update: Russian Foreign Ministry spokesperson Maria Zakharova said on September 30 that Western countries including Japan should not be given permanent or non-permanent seats on the UN Security Council, warning it would worsen the body’s imbalance toward the “collective West” and could obstruct its normal functioning. Zakharova said Japan is accelerating remilitarization, departing from its constitution’s pacifist clauses and sliding toward dismantling the post-World War II international order.

TREE NEWS update: Citadel CEO Ken Griffin has pledged $3 billion to Carnegie Mellon University, which the school called the largest single personal donation in the history of higher education. Most of the gift will fund a new campus in Miami; Carnegie Mellon’s main campus is in Pittsburgh. Griffin has become an influential Miami advocate and philanthropist since moving Citadel’s headquarters there from Chicago in 2022.

TREE NEWS reports: China’s top 100 real estate developers recorded 2.25972 trillion yuan in total sales in the first nine months of 2025. The year-on-year decline was unchanged from the January-August pace. Their managed sales reached 1.78515 trillion yuan, while attributable sales totaled 1.56897 trillion yuan.