Flash News

TREE NEWS reports: Global sales at Japan’s eight major automakers fell 4.6% year-on-year in August to 1.854797 million vehicles, company figures released on the 29th show. Toyota sold 790,743 units, down 6.4%; Honda sold 263,015, down 9.2%; and Nissan sold 207,162, down 17.5%.

TREE NEWS update: UK Prime Minister Burnham said he will deliver a breakthrough that puts Britain on a new path for its economy. The statement, made without further detail on specific policies or timing, frames the government’s economic direction. No figures or additional measures were given.

TREE NEWS update: Dongguan’s Housing and Urban-Rural Development Bureau and five other departments issued a notice optimizing the city’s real estate policies, effective September 29, 2026. The measures keep a phased home-purchase subsidy of 2% of the contract price, capped at 30,000 yuan, expand housing provident fund withdrawals to cover renovation and property management fees, and narrow the first-home recognition scope for second-hand purchases to the town or park where the property is located.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on the 29th that Russia hopes Iran will not withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons. Speaking at a press briefing, Peskov called the treaty the cornerstone of the international nuclear non-proliferation regime and said Russia wants Iran to remain an important and responsible participant in it.

TREE NEWS update: The Hubei provincial government has issued the Wuhan Metropolitan Area 15th Five-Year Development Plan, targeting a regional GDP of around 4 trillion yuan by 2030, with the broader Greater Wuhan metropolitan area aiming for about 5 trillion yuan. The plan also calls for a one-hour commuting circle to be basically in place and a further upgrade of Wuhan’s regional science and technology innovation center.

TREE NEWS update: China’s Ministry of Transport, National Development and Reform Commission, Ministry of Finance and Ministry of Human Resources and Social Security issued guidance on deepening reform of urban bus operators. The document calls for tying support for new-energy buses and power battery replacement to the large-scale equipment renewal policy, and requires city and county governments to fund public transport from their own budgets and step in when operators miss annual revenue targets.

TREE NEWS reports: Crude oil and fuel oil fell more than 3% at the open of the night futures session, with low-sulfur fuel oil, ethylene glycol and LPG down over 2%. Methanol, bitumen, short fiber and propylene each dropped more than 1%, while soybean No. 1 and PVC gained over 1%.

TREE NEWS reports: The US Federal Housing Finance Agency’s house price index rose 0.3% month over month in July, above the 0.1% gain economists had expected. The prior month’s reading was revised to 0.0% from an earlier print, the FHFA said. The data covers home prices on mortgages backed by Fannie Mae and Freddie Mac.

TREE NEWS reports: The S&P CoreLogic Case-Shiller 20-city composite home price index rose 2.47% year over year in July, exceeding the 2.2% consensus estimate and accelerating from a 2.1% gain in the prior reading. The stronger-than-expected print points to firming momentum in US home prices.

TREE NEWS reports: Global actively managed ETF assets reached a record $2.72 trillion as of the end of August 2026, with net inflows of $663.6 billion, both all-time highs. Assets have grown 42.6% year-to-date, underscoring sustained investor demand for the products.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu said on the 29th, during a visit to the Tel Nof air base, that intelligence indicates “hostile forces” are attempting to carry out an attack on Israel before the country’s upcoming election on October 27. Netanyahu made the remarks while inspecting the air force base.

TREE NEWS update: AT&T has signed a multi-year fiber and cable supply agreement with Corning worth more than $3 billion. Corning will supply materials for AT&T’s broadband network expansion across the United States. The deal supports AT&T’s goal of providing high-speed internet to 60 million Americans by the end of 2030.

TREE NEWS reports: Wells Fargo now expects the Federal Reserve’s policy rate to reach 4.75%-5.00% by the end of 2027, up from its prior forecast of 4.00%-4.25%. The bank also downgraded S&P 500 information technology to neutral from overweight, upgraded industrials to overweight from neutral, and cut its end-2027 gold target to $5,200-$5,400 an ounce from $5,400-$5,600.

TREE NEWS reports: Canada’s economy grew 1.4% year-on-year in July, in line with expectations. The reading compares with a 2% year-on-year pace in the previous month, marking a slowdown in annual growth.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission will continue forming new central state-owned enterprises and pursuing strategic restructuring during the 15th Five-Year Plan period, SASAC Party Secretary and Director Cheng Fubo wrote in a signed article in the journal New Industrialization. The plan supports capable firms in horizontal integration of similar businesses and vertical integration along supply chains, concentrating state capital in national security, economic lifeline sectors, public services, emergency response and strategic emerging industries.

TREE NEWS update: US Vice President JD Vance said Iran must ‘behave’ before any agreement can be reached, adding that Washington believes Iran’s supreme leader is still alive. The remarks were made without further details on the state of negotiations or the timing of any talks.

TREE NEWS update: China’s Finance Minister Lan Fo’an, China’s governor at the Asian Infrastructure Investment Bank, addressed the bank’s 11th annual meeting in Doha, Qatar, by video, the meeting running Sept. 28-29 under the theme “Infrastructure for the Future: Impact and Innovation.” Lan said the AIIB completed a smooth management transition, and urged the bank to hold to multilateralism, its founding mission and high operational standards. As the AIIB’s largest shareholder and host country, China will work with members to lift the bank to a new level in its next decade.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission called on central state-owned enterprises to step up efforts in artificial intelligence and new materials while cultivating frontier tracks including quantum technology, fusion energy and biomanufacturing. SASAC party secretary and director Cheng Fubo made the call in a signed article published in New Industrialization, saying central SOEs must speed up the quality and pace of their emerging and future industry layouts.

TREE NEWS update: A special envoy of Russian President Vladimir Putin met with officials from the US Treasury Department and the US energy sector, Russia’s state news agency TASS reported. No further details on the timing, location or participants of the talks were given. The meeting marks a rare direct contact between Moscow’s representative and US government officials.

TREE NEWS update: CICC Chairman Chen Liang met with Goldman Sachs Chairman and CEO David Solomon, the Chinese investment bank said. The two exchanged views on issues related to high-standard institutional opening-up of capital markets. No further details of the meeting were disclosed.