Flash News

TREE NEWS update: UK Labour leader Burnham finished his speech at the party conference. The address was delivered to conference attendees. No further details were given in the material.

TREE NEWS reports: Bitcoin traded around $84,000 as US Treasury yields held near multi-year highs, with analysts pointing to elevated crude prices as a cap on non-yielding assets. Spot bitcoin ETFs recorded inflows for an eighth consecutive session.

TREE NEWS update: UK Prime Minister Burnham said Brexit has not given Britain control, adding that a UK-EU summit will be held this year. He said he hopes to find consensus around the UK-EU relationship and will present numerous options for it.

TREE NEWS reports: The US 10-year Treasury yield pulled back to near 5.24%, after earlier climbing to 5.2657% to set a fresh intraday high ahead of the release of US consumer confidence and job openings data. The benchmark yield remains elevated near multi-year highs.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said on 29th that no US warships remain in the Persian Gulf, with US vessels having withdrawn to at least 500 kilometers beyond the Gulf’s entrance. The statement, carried by Iran’s Tasnim news agency, marks a claimed shift in US naval presence in the region.

TREE NEWS update: Saudi Crown Prince met with the Vice President of the United Arab Emirates, Saudi state media SPA reported. No further details of the meeting were disclosed in the initial announcement. The encounter between the two Gulf leaders was confirmed by the official Saudi Press Agency.

TREE NEWS reports: The Federal Reserve Bank of New York reported that the secured overnight financing rate (SOFR) stood at 3.90% on Sept. 28, unchanged from the prior day. The effective federal funds rate also held flat at 3.88% for the same session.

TREE NEWS reports: The Conference Board’s US consumer expectations index for September came in at 63.6, below the 68.3 forecast and down from 68.2 the prior month. The reading marks a deterioration in consumers’ outlook for the coming months.

TREE NEWS reports: US job openings for August came in at 7.079 million, below the 7.225 million expected and down from July’s 7.271 million, the JOLTS report showed. The shortfall marks a further cooling of labor demand, with openings declining on both a monthly basis and against consensus estimates.

TREE NEWS update: UK Prime Minister Burnham said sustained political turmoil makes success impossible. The remark was made without further details on the specific political situation or any policy measures. No additional context or response was provided.

TREE NEWS reports: The US 30-year Treasury yield rose to 5.59%, its highest level since 2004. The move marks a fresh multi-decade peak for long-dated US government borrowing costs.

TREE NEWS update: Hainan International Commercial Aerospace Launch Co. said the main construction of Phase II of the Hainan commercial spaceport has been completed and joint drills have begun. Following further drills and testing, the project’s two launch pads are planned to reach launch capability within the year, the company said.

TREE NEWS update: The United States formally implemented an import ban on selected Canadian goods effective early morning local time on September 29, covering liquor, dairy products and motorcycles. The measures affect roughly $967 million of Canadian exports to the US and mark the latest escalation in the Trump administration’s trade actions against Canada. Annual bilateral trade between the two countries is about $880 billion, making the banned volume relatively limited.

TREE NEWS update: Elon Musk and Jeff Bezos will attend an artificial intelligence luncheon at the White House, the event being confirmed in a report on the gathering. The lunch brings two of the most prominent figures in technology and space to the administration’s table as AI policy takes shape in Washington. No further details on the agenda or other attendees were given.

TREE NEWS update: UK Prime Minister Burnham said the triple lock will remain unchanged for the duration of this parliament, pledging to honor the commitment to maintain it. The state pension is due to be adjusted in April 2030.

TREE NEWS update: Oman’s state energy company OQ SAOC is evaluating the purchase of two supertankers to be leased as floating oil storage at Duqm port, CEO Ashraf Al Mamari said. The company also plans to more than double onshore crude tank capacity at the port from about 5 million barrels to 10 million barrels within three years, as Gulf producers seek routes bypassing the Strait of Hormuz.

TREE NEWS reports: The three major US stock indices closed mixed, with the Dow Jones down 0.03%, the Nasdaq up 0.31% and the S&P 500 up 0.16%. Memory chip stocks rose as a group, with Micron Technology and Western Digital each gaining 2% and SK Hynix up 1.7%. Summit Therapeutics jumped nearly 20% after AstraZeneca took a $2 billion stake in the company, backing Akeso’s ivonescimab.

TREE NEWS update: UK Prime Minister Burnham said he wants to bring the country’s energy costs in line with those of its neighbours within 10 years. He also said he hopes to lower people’s energy bills.

TREE NEWS update: UK Prime Minister Burnham said the government will introduce a strengthened leasehold reform bill before Christmas, and will submit an enhanced Water Bill to parliament that removes the ban on public ownership of water companies. If private water firms serve the public interest, they will be supported; if not, public ownership will be considered. Burnham said public control and being anti-business are two different things.

TREE NEWS update: A Russian Tu-95 aircraft crashed in the Amur region on 29th, killing six crew members and injuring one other person, Russia’s defense ministry said. The incident was reported by Russian media on the same day.