Flash News

TREE NEWS update: China’s Minister of Ecology and Environment Huang Runqiu met with Darbroussin, Executive Vice Chair of the China Council for International Cooperation on Environment and Development and Canada’s Minister of Environment and Climate Change. The two sides discussed China-Canada environmental cooperation, multilateral processes on climate change and biodiversity, and negotiations on an international plastics treaty, agreeing to continue minister-level dialogue on environment and climate.

TREE NEWS update: Kuwait International Petroleum Company (Q8) said on the 29th that its petrol stations in Italy will cap prices on gasoline products for one month starting Oct 1. Italy’s Eni and Azerbaijan’s SOCAR had previously made similar commitments. Industry analysts say the energy firms are cooperating with the Italian government’s plan to curb fuel prices to avoid a possible future windfall tax.

TREE NEWS update: The White House has disclosed an executive order named America.gov. No further details of the order’s contents, scope or effective date were provided in the disclosure.

TREE NEWS reports: The Nasdaq Golden Dragon China Index extended its decline to 2%, with Chinese ADRs broadly lower. NIO and Li Auto each fell 4.8%, XPeng dropped 4.1%, and BYD, Xiaomi and New Oriental ADRs lost more than 3%. Meituan and Tencent ADRs fell over 2%, Pinduoduo slipped 1.4%, Alibaba 0.3% and Baidu 0.2%, while NetEase eked out a 0.3% gain.

TREE NEWS update: US President Donald Trump said he will not yield to concerns that technology will affect the United States, while praising the role technology can play in healthcare. He made the remarks without providing further details.

TREE NEWS update: The 2026 Industrial Machine Tool Industry Chain High-Quality Development Conference opened in Wuzhen, Zhejiang on a theme of “strong chain coordination, intelligent leadership.” Hosted by the Chinese Mechanical Engineering Society and the International Intelligent Manufacturing Alliance, the event focuses on breakthroughs in key core technologies for industrial machine tools, coordinated innovation across the supply chain, and intelligent transformation.

TREE NEWS update: US President Donald Trump said the situation in Iran is “very bad” but that the war will end soon, adding that oil prices will fall sharply. Trump made the remarks without providing a timeline or further details.

TREE NEWS update: China Eastern Airlines will deploy 837 passenger aircraft and operate an average of 3,120 flights per day during the 2026 National Day holiday, the carrier said, adding capacity on key routes. The airline is increasing flight frequencies and capacity deployment for the holiday travel period.

TREE NEWS update: Industrial and Commercial Bank of China’s Abu Dhabi branch has issued a 200 million yuan free-trade offshore bond, the first such issuance by an institution in the Middle East and North Africa region. The deal expands the international investor base for free-trade offshore bonds and widens financing channels for overseas issuers, ICBC said.

TREE NEWS update: US President Donald Trump thanked Elon Musk, he said in a statement. The remark, issued without further detail, comes amid the two men’s public back-and-forth over policy and business matters. No additional context or figures were provided.

TREE NEWS reports: Spain’s inflation accelerated more than expected in September, with consumer prices rising 5% year-on-year, above the 4.9% median analyst estimate and August’s 4.6%, the country’s statistics office said Tuesday. It was the highest reading since February 2023 and further above the European Central Bank’s 2% target, strengthening the case for continued rate hikes. Fuel and package holiday prices drove the surge, while core inflation also exceeded forecasts.

TREE NEWS reports: Presales for new films releasing during China’s 2026 National Day holiday period have surpassed 40 million yuan. “The Trace of the Detective,” “Peppa Pig: Perfect Holiday” and “What Does It Mean, Couple” currently rank as the top three titles on the holiday’s new-film box office chart.

TREE NEWS update: The 2026 Financial Street Forum will be held in Beijing from October 19 to 22, with State Council approval, co-hosted by the Beijing Municipal Government, the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, Xinhua News Agency and the State Administration of Foreign Exchange.

TREE NEWS reports: US job openings dropped to 7.1 million in August from 7.3 million in July, the lowest level in five months, the Bureau of Labor Statistics said Tuesday. The reading came in below every forecast in a survey of economists, indicating employers grew more cautious about expanding payrolls late in the summer, while layoffs remained subdued.

TREE NEWS update: Paramount is set to raise about $32 billion through an eight-tranche first-lien dollar bond sale, expected to price on Wednesday, in one of the largest deals of its kind. Long-end Treasury yields stayed under pressure, with the 30-year yield touching 5.59%, its highest since 2004, before easing nearly 3 basis points. The 5s30s and 2s10s spreads widened 1.2 and 1.5 basis points, near their widest levels of the day.

TREE NEWS update: Hong Kong climbed one place to 14th out of 139 economies in the 2026 Global Innovation Index, published by the World Intellectual Property Organization on 29th. The city also held its position as fifth in Asia. The index ranks economies on innovation inputs and outputs.

TREE NEWS reports: US consumers turned more pessimistic about the factors weighing on the economy in September, with mentions of high prices for goods and services — especially oil and gas — rising to a new high, chief economist at The Conference Board. The remarks highlight mounting cost-of-living pressure on household sentiment.

TREE NEWS reports: US consumer confidence dropped in September to its lowest level since 2014, with the Conference Board’s index falling 6.7 points to 81.9 after the prior month was revised down, below the median economist forecast of 89. The gauge of current conditions slid nearly 8 points to its weakest since 2021, while the expectations measure for the next six months hit a more than one-year low.

TREE NEWS reports: A poll released on the 29th by the Politico- and Public First-run “Political Polling Project” found that roughly 70% of UK respondents believe Britain should build a closer relationship with the European Union. The survey was conducted jointly by Politico’s website and the British firm Public First.

TREE NEWS update: The China Foreign Languages Publishing Administration (China International Publishing Group) has formally released its development plan for the 15th Five-Year Plan period. The plan sets out the blueprint and direction for the administration’s growth over that period, and lays out development targets, overall requirements, key tasks and safeguard measures for each of its major business segments.