TREE NEWS reports: The Baltic Dry Index rose 2.06% to 3,020 points. The index tracks dry bulk shipping rates across capesize, panamax and supramax vessel segments. No further details were provided.
TREE NEWS update: AMD will make an equity investment in quantum computing startup PsiQuantum, the company said. The size of the stake and the terms of the investment were not disclosed. PsiQuantum is developing a utility-scale quantum computer based on photonic technology. The investment marks AMD’s move into quantum computing as it looks to diversify beyond its core semiconductor business.
TREE NEWS update: US President’s special envoy Steve Witkoff said he hopes a new round of talks on the Ukraine issue can be announced soon. He did not give a date or venue for the prospective negotiations. The remark signals continued diplomatic efforts to convene further discussions.
TREE NEWS reports: Douyin E-commerce reported that during its Double 11 promotion from October 15 to November 11, more than 330 industrial belts each generated over 100 million yuan in transaction value. More than 20,000 small and medium-sized merchants surpassed 1 million yuan in sales, driven by platform consumption coupons, while over 30,000 new merchants also exceeded 1 million yuan.
TREE NEWS update: Romania’s central bank kept its benchmark interest rate unchanged at 6.50% on Wednesday, matching expectations. The decision leaves the policy rate at its current level, in line with what analysts had forecast.
TREE NEWS reports: Shanghai silver futures fell nearly 2% and Shanghai gold dropped more than 1% at the night session open, while styrene, glass, pure benzene and ethylene glycol each rose more than 1%. The mixed open on the Shanghai Futures Exchange came as precious metals weakened and several industrial chemicals gained.
TREE NEWS reports: Multiple Chinese banks have again raised their US dollar fixed deposit rates, with some products exceeding 4%, as the Federal Reserve’s rate hikes combine with the central bank’s Nov. 15 increase in the foreign exchange deposit reserve ratio to 6%. Foreign banks have raised rates notably, while major state-owned banks kept listed rates near 2.8%, with inverted yield curves appearing across tenors. The average performance benchmark for October USD wealth management products reached 4.1%.
TREE NEWS update: Shanghai’s Municipal Committee for Comprehensively Deepening Reform held a meeting on Nov. 12 to review the replication of reform pilot experience from key regions. The committee said measures should be adapted to local industrial bases and corporate needs, with greater effort on scaling effects, expanding policy coverage and deepening reform linkages. It also called for improved coordination between city and district levels, better evaluation and risk management to ensure reforms take effect.
TREE NEWS update: Russian President Vladimir Putin said on the 12th that Russia has never closed the door to dialogue with Europe and that it was Europe that interrupted the dialogue, during a meeting with US special envoy Steve Witkoff and US President’s son-in-law Jared Kushner. The remarks were made at the meeting, where Putin also stated that Russia cannot accept the stationing of foreign troops in Ukraine.
TREE NEWS reports: HSBC Holdings is arranging two significant risk-transfer (SRT) transactions to hedge risk on about $7 billion of large corporate loans in the US and Asia, people familiar with the matter said. One deal is tied to roughly $3 billion of US loans, while the London-based bank is also discussing a second transaction linked to about A$5.8 billion ($4 billion) of Asia-Pacific loans. HSBC aims to capitalize on investor demand for these loss-absorbing instruments.
TREE NEWS update: Strive raised the annual dividend rate on its perpetual preferred stock SATA to 13.25%, effective December 1, while the fixed annual dividend rate on SATS remains at 15%. The company currently holds approximately 43,153 BTC. The adjustment was disclosed alongside the company’s bitcoin treasury position.
TREE NEWS update: Keurig Dr Pepper has launched a $2 billion stock offering, the U.S. non-alcoholic beverage company said. The offering was disclosed without further details on pricing or use of proceeds. The move comes as the company raises capital through equity markets.
TREE NEWS reports: Coinbase EU policy lead Roeland Van der Stappen said the European Union’s push to tighten DeFi oversight could drive crypto users toward platforms with fewer investor protections. Regulated crypto firms may respond to the requirements by restricting or removing access to DeFi services, he said. In its September response to the European Commission’s MiCA consultation, ESMA proposed a new regulated crypto-service category for firms offering clients access to DeFi protocols and floated client ‘suitability tests’ for crypto lending.
TREE NEWS update: European Commission President Ursula von der Leyen said in Dublin on December 12 that the Commission is drafting a 22nd sanctions package against Russia and a proposal to meet Ukraine’s 2027 funding needs. Both proposals will be presented before the next European Council meeting, she said.
TREE NEWS update: BitGo has expanded its institutional stablecoin minting and redemption platform to include USDC, allowing clients to mint and redeem the Circle-issued token through Go Accounts. Orders are routed through BitGo’s Circle Mint account. The move gives institutional users a direct channel to convert between cash and USDC within BitGo’s custody and account infrastructure.
TREE NEWS update: Russian President Vladimir Putin said on November 12 during a meeting with a US envoy that Moscow is aware Ukraine is raising the issue of a “gray zone,” but for Russia there is only one dividing line with Ukraine: the state border. Putin made the remarks in talks with the US special envoy. No further details of the meeting were provided.
TREE NEWS reports: QQQ closed at $690.38 on Nov. 11, 1.27% above its 200-day moving average, recovering the line after falling 4.94% below it on Nov. 5. AI names diverged: AMD traded 31.6% above its 200-day average and Micron 6.5% above, while Nvidia sat 15.0% below and CoreWeave 32.1% below despite a 24.71% one-day jump. Nvidia reports Nov. 17, with the 10-year Treasury yield at 4.998% on Nov. 10.
TREE NEWS update: Chinese Vice Premier He Lifeng met Invesco President and CEO Andrew Schlossberg at the Great Hall of the People in Beijing on December 12, saying China’s economy is gaining new momentum and improving its structure. He said the 15th Five-Year Plan period is a key phase for building a financial powerhouse, and welcomed foreign firms including Invesco to deepen investment cooperation in China. Schlossberg said Invesco is optimistic about China’s economic prospects and willing to expand practical cooperation.
TREE NEWS reports: Nebius shares fell nearly 9% in US premarket trading, reversing an earlier gain of almost 5%. The move came during premarket hours ahead of the US market open. No further details were provided on the cause of the swing.
TREE NEWS reports: Hyperion DeFi reported a third-quarter net profit of $39.59 million for the period ended Sept. 30, with adjusted EBITDA of $48.66 million. The HYPE treasury company held about 1.85 million HYPE tokens valued at $167.9 million, lifting net asset value to $182.4 million, and held $14.54 million in cash, cash equivalents and stablecoins. Third-quarter revenue and gross profit rose 127% quarter-on-quarter to $810,000.