Flash News

TREE NEWS update: The International Monetary Fund will appoint Isabel Schnabel as Deputy Director of its Monetary and Capital Markets Department. The IMF announced the appointment, adding the European Central Bank executive board member to its ranks. No start date or further details were given.

TREE NEWS update: European Central Bank Executive Board member Isabel Schnabel is leaving the ECB to take up a new post at the International Monetary Fund. The ECB announced the departure, which opens a vacancy on its six-member Executive Board. No date for the transition was given.

TREE NEWS reports: Federal Reserve official Paulson said the Fed may need to raise interest rates again to bring inflation down, adding that September’s hike helped move policy to a more effective anti-inflation stance. Inflation risks shifted ahead of the September policy meeting, underlying inflation remains “stubbornly high,” and the economy is showing resilience with signs of strengthening growth momentum.

TREE NEWS update: Philadelphia Fed President Paulson, a 2026 FOMC voter, said modest interest-rate increases may be necessary, calling the return of inflation to 2% the top priority. She said progress in underlying inflation has been minimal, while output remains solid and the labor market stable despite multiple shocks, and that AI investment is having a substantive effect on demand and prices.

TREE NEWS update: Moldovan Prime Minister Vasile Tofan said Moldova has no plans to join NATO and intends to remain neutral. He said the country’s goal is to join the European Union by 2030, adding that legislation has been introduced as it works to become a strong candidate.

TREE NEWS update: US President Donald Trump and first lady Melania Trump greeted Chinese President Xi Jinping and his wife Peng Liyuan at the White House on the morning of September 24 local time. Xi and Peng were arriving by car to attend a welcome ceremony hosted by Trump, with the US president and first lady receiving them at the drop-off point.

TREE NEWS update: Chinese President Xi Jinping and his wife Peng Liyuan are due to arrive by car at the White House on the morning of September 24 local time to attend a welcome ceremony hosted by US President Donald Trump. The event marks a formal reception for the Chinese leader in Washington.

TREE NEWS reports: US sales of new single-family homes climbed 6.4% in August, the fastest pace recorded so far in 2026. The gain marks an acceleration in the new-home segment for the month.

TREE NEWS update: Bernard Arnault and his family plan to simplify the ownership structure of LVMH Moët Hennessy Louis Vuitton to ensure control passes across generations. Under the plan, nearly all of the family’s holding will be concentrated in a single listed entity, Agache SCA, replacing Christian Dior SE. Once completed, Agache SCA will directly hold 49.76% of LVMH’s share capital and 65.55% of its voting rights, a French société en commandite par actions structure legal experts call a “padlock”.

TREE NEWS reports: US new home sales came in at 684,000 in August, above the 616,000 expected and up from a prior reading of 607,000, the Census Bureau data showed. The print beat the consensus estimate by 68,000 and marked a pickup from the previous month’s revised pace. It was the latest signal on the health of the US housing market.

TREE NEWS update: Ukraine said on the 24th that a new wave of Russian missile and drone strikes overnight from the 23rd to the 24th killed nine people and injured 25 others across several regions of the country. The attacks spanned multiple areas.

TREE NEWS update: The Export-Import Bank of China has deployed more than 22 billion yuan through its new policy-based financial instrument since September, funding 123 projects, the bank said. All the funds went to private investment or projects with private capital participation, and are expected to draw total project investment of over 400 billion yuan.

TREE NEWS update: China has officially added equity-holding secondary bond funds and partial-debt hybrid funds — known as “fixed income plus” products — to the personal pension fund product catalogue, under a notice on including such funds in the scheme. The first batch of these funds to be included is expected to be published in the coming days.

TREE NEWS reports: The secured overnight financing rate (SOFR) stood at 3.87% on Sept 23, unchanged from the prior day. The effective federal funds rate also held steady at 3.88% for the same trading day.

TREE NEWS reports: The average diesel price across EU member states rose to a record €2.23 per litre, European Commission data released on the 24th showed. Analysts attributed the high to supply instability caused by geopolitical conflict, citing damage to refineries in regions affected by the war in Ukraine and Middle East fighting and disrupted navigation through the Strait of Hormuz.

TREE NEWS update: Chinese President Xi Jinping will attend a welcoming ceremony hosted by US President Donald Trump at the White House on the morning of September 24 local time. The event marks a formal diplomatic engagement between the two leaders in Washington.

TREE NEWS reports: The three major US stock indices opened lower, with the Dow down 0.19%, the S&P 500 down 0.51% and the Nasdaq down 0.75%. Oracle dropped more than 5% after issuing a force majeure declaration for its New Mexico data center, while Blue Owl fell 3% and Bloom Energy lost 8.6%. Most major tech stocks declined, with Nvidia and Micron down over 1% and Intel down about 2%.

TREE NEWS reports: The S&P 500 opened 39.04 points lower, down 0.51% at 7,666.99. The Dow Jones Industrial Average fell 95.84 points, or 0.19%, to 51,415.75, while the Nasdaq Composite dropped 201.53 points, or 0.75%, to 26,734.51. All three major US indexes opened lower.

TREE NEWS reports: US stocks opened lower, with the Nasdaq Composite down 0.83%, the Dow Jones Industrial Average off 0.26% and the S&P 500 down 0.48%. The declines mark a weak start to the session across all three major US equity benchmarks.

TREE NEWS update: A Singapore court on Thursday appointed KPMG restructuring executives to take over Radiant World, granting an application by creditor Mizuho Bank. Mizuho alleges fraud in the trader’s iron ore receivables financing. The ruling means founder Pinkesh Nahar loses control of the group’s core operating entity.