Flash News

TREE NEWS reports: The People’s Bank of China’s Shanghai head office reported that RMB deposits in the Yangtze River Delta region increased by 5.31 trillion yuan in the first three quarters of 2026. RMB loans in the region rose by 4.69 trillion yuan over the same period, according to the monetary and credit data released by the central bank branch.

TREE NEWS reports: US retail inventories increased 0.3% in September from the prior month, matching the revised 0.3% gain in August. The reading tracks the stock of goods held by retailers and feeds into broader inventory and GDP calculations. No further breakdown was provided.

TREE NEWS reports: The US goods trade deficit widened to $134.9 billion in September, exceeding the expected $129 billion shortfall. The prior reading was a $132.6 billion deficit. The figure points to a larger-than-expected gap in goods trade for the month.

TREE NEWS update: Iranian Foreign Ministry spokesman Baghaei said on the 28th that US President Donald Trump’s recent remark calling the Islamabad memorandum of understanding with Iran “a waste of time” once again exposes the hollow nature of US diplomacy. Baghaei made the comments in response to Trump’s statement, which he said undermines the credibility of US diplomatic commitments.

TREE NEWS update: A missile struck Aden International Airport in Yemen at around 3 p.m. local time on the 28th. Aden serves as the Yemeni government’s temporary capital, and the airport is one of the few international air gateways in the country still operating. No casualty figures or claim of responsibility were given in the material.

TREE NEWS update: Syria and Iraq are discussing the export of Iraqi oil through the Baniyas pipeline. The pipeline would carry Iraqi crude to the Syrian Mediterranean terminal at Baniyas. No timeline, volumes or terms were disclosed.

TREE NEWS update: Chinese Assistant Foreign Minister Cai Wei met with Friedrich, former Vice President of the German Bundestag, and his delegation during their visit to China. The meeting was confirmed by the Chinese Foreign Ministry in a brief statement that did not disclose the topics discussed or any agreements reached. No further details were provided.

TREE NEWS update: A Saudi-led coalition airstrike hit a market and a gas station in Yemen’s Al-Jawf province on the afternoon of the 28th, killing at least 11 people and wounding 10. The Houthis released the casualty figures the same day. No independent confirmation of the toll was immediately available.

TREE NEWS update: Houthi military spokesman Yahya Saree called on personnel to immediately evacuate Aden International Airport in southern Yemen on June 28. Saree said a Saudi military transport aircraft had appeared at the airport. The Houthis did not provide further details on the warning.

TREE NEWS update: Russia’s strategic nuclear submarine Generalissimo Suvorov test-fired a Bulava intercontinental ballistic missile from underwater in the Sea of Okhotsk on May 28, the Russian Defense Ministry said. The missile’s warhead reached the designated area of the test range at the scheduled time, the ministry said.

TREE NEWS reports: Qatar’s mediators presented a new draft agreement to Iran in Tehran on May 25 aimed at ending the war between Iran and the United States and Israel. Iran is reviewing the draft and is expected to respond this week.

TREE NEWS reports: Fannie Mae reported third-quarter net income of $7.65 billion, topping the $7.22 billion market estimate. Pre-tax income came in at $5.11 billion versus $4.96 billion expected, while net profit reached $4.18 billion against a $3.94 billion consensus. The mortgage finance giant’s results beat on all three key metrics.

TREE NEWS update: China Rare Earth Group Chairman Liu Leiyun met with China National Chemical Engineering Group Chairman Mo Dingge at the rare earth group’s headquarters on Oct. 28 for talks on high-quality development cooperation. The meeting was attended by China Chemical Engineering Vice President Liang Junxiang and China Rare Earth Group Chief Accountant Guo Liangjin.

TREE NEWS reports: US mortgage applications rose 3.4% week-over-week in the week ending Oct. 23, reversing a 5.3% decline the prior week. The weekly gauge tracks application activity for home purchases and refinancing across the US mortgage market.

TREE NEWS update: China Development Bank, Export-Import Bank of China and Agricultural Development Bank of China have fully deployed the 2026 new policy financial instrument, totaling 800 billion yuan, as of October 28. China Development Bank contributed 365 billion yuan, Export-Import Bank of China 120 billion yuan and Agricultural Development Bank of China 315 billion yuan.

TREE NEWS reports: Israeli television projected that Prime Minister Benjamin Netanyahu’s bloc would win 54 seats in the Knesset and the opposition 49 seats, with 77% of votes counted. The partial count points to a hung parliament, leaving coalition talks to determine the next government. No final result has been declared.

TREE NEWS reports: The increase in the UK bank tax is expected to be temporary. No further details on the scope, duration or size of the levy were provided. The measure affects UK banks, though the specific rate and timeline were not disclosed.

TREE NEWS update: Guotai Haitong’s wholly owned subsidiary Guotai Haitong Kaiyuan Investment plans to subscribe RMB 4 billion of a proposed RMB 20 billion Shanghai Linghang Sci-Tech Fund, the brokerage disclosed. Shanghai International Group Asset Management, a unit of Guotai Haitong’s actual controller, will commit RMB 2 billion. Guotai Haitong Kaiyuan will serve as fund manager and executive partner, with ICBC Capital as co-executive partner. The fund will only invest in approved underlying funds targeting next-generation IT, high-end equipment, new materials, biomedicine, AI and the digital economy.

TREE NEWS reports: India’s industrial production grew 6.7% in September from a year earlier, falling short of the 7.2% consensus estimate. The print points to a slower pace of factory output expansion than economists had expected for the month.

TREE NEWS reports: All Chinese public mutual funds disclosed their 2026 third-quarter reports by October 27, revealing the full holdings of actively managed equity funds. Comparing the top-20 heavy holdings at end-June and end-September shows funds kept a core technology focus while making sharp structural adjustments, with Zhongji Innolight ranking first and ChangXin Memory Technologies (CXMT) joining the list.