Flash News

TREE NEWS reports: The size of the popular Treasury basis trade has fallen to its lowest level in more than two years, Wall Street strategists said, as fewer price dislocations in the bond market narrow the arbitrage available to hedge funds. The strategy helps support demand for US Treasuries and provides liquidity to the roughly $32 trillion market. Morgan Stanley and Citi strategists said the trade is far from gone and the cooling mainly reflects reduced relative-value opportunities.

TREE NEWS reports: Abu Dhabi’s XRG is considering taking a stake in LNG Canada, the liquefied natural gas project backed by Shell, people familiar with the matter said. No figure, timeline or terms for the potential investment were disclosed.

TREE NEWS update: US Treasury Deputy Secretary Brooke said the department will continue to refine and expand its Treasury buyback program. The remarks indicate the buyback effort, which the Treasury uses to improve liquidity in the $27 trillion government bond market, is set to grow rather than wind down. No timeline or size for the expansion was given.

TREE NEWS reports: Russia’s seaborne crude exports fell in the week to Sept. 20, with weekly shipments down about 320,000 barrels a day to 3.57 million bpd, as new US sanctions took effect and Saudi Arabia’s west-coast supply gradually returned. The four-week average slipped to 3.53 million bpd from a revised 3.55 million bpd in the week to Sept. 13.

TREE NEWS update: The European Union has agreed to remove Alisher Usmanov and Mikhail Fridman from its sanctions list imposed over Russia’s war in Ukraine. The decision lifts EU-wide asset freezes and travel bans on the two Russian billionaires, both of whom have held stakes in technology and telecom assets.

TREE NEWS update: US President Donald Trump said all American documents will use “superintelligence,” adding that the administration will encourage the technology rather than restrict it. The statement, made without further specifics on scope, agencies or timing, marks the president’s latest public position on artificial intelligence policy. No implementation details or effective date were given.

TREE NEWS reports: Iron ore closed up about 0.5% in China’s night trading session, while coke slipped less than 0.1% and fuel oil dropped more than 0.5%. The session showed a split in the ferrous and energy complexes, with iron ore holding gains as coke traded roughly flat and fuel oil led declines.

TREE NEWS update: US President Donald Trump said global tax rates should not exist, taking aim at international corporate tax coordination. The remark puts the White House at odds with cross-border tax frameworks that set minimum rates for multinational companies. No further details or policy specifics were given.

TREE NEWS update: US President Donald Trump said he will sign a Greenland agreement later today, adding that two large military bases will be built there. The announcement was made without further details on the agreement’s terms or the timeline for construction.

TREE NEWS update: Mexican President Claudia Sheinbaum said the Bank of Mexico’s pension policy may be legal but is not fair, criticizing the central bank’s approach to retirement savings. Sheinbaum’s remarks, made without specifying new measures, place the president at odds with the central bank over how pension funds are managed.

TREE NEWS reports: Inflation has overtaken trade wars and tariffs as the biggest worry for family offices. The survey of more than 350 family offices across over 40 countries, conducted in June and July, shows rising costs for goods and services are troubling even the wealthiest investors.

TREE NEWS update: US President Donald Trump said he is seeking to fundamentally change the situation in Cuba. The statement, carried in a brief official remark, gave no further details on what measures or timeline the administration has in mind. Cuba policy has been a recurring theme in Washington, but Trump offered no specifics beyond the stated aim.

TREE NEWS reports: More than 140 private funds appeared among the top ten holders of nearly 200 ETFs listed in 2025, holding over 2.2 billion shares combined as of September 20. Hong Kong Stock Connect and STAR Market thematic ETFs drew the heaviest buying. Industry participants expect the market’s structural rally to shift toward earnings realization, with opportunities broadening across sectors and individual stocks.

TREE NEWS update: US President Donald Trump said peace between Russia and Ukraine “will happen,” according to a statement attributed to him. The remark is a direct comment on the war, which has run since Russia’s full-scale invasion in February 2022. No timeline, terms or mediating parties were specified in the statement.

TREE NEWS update: Voyah CBO Shao Mingfeng said the best automaker-Huawei partnerships are strong-strong alliances, citing Huawei’s Qiankun driver-assistance system paired with Voyah’s manufacturing technology as an example. Speaking to media including Yicai on the evening of September 22, he said the two companies each have their own strengths and corporate values, and that ‘harmony in diversity’ is the foundation of a good cooperation model.

TREE NEWS update: Chinese AI startup DeepSeek will brief the UN Security Council this week on the risks posed by artificial intelligence. The Council is scheduled to meet on September 23 local time to discuss AI and international security, weeks after AI industry leaders called for a coordinated slowdown in developing increasingly powerful systems, warning they could soon self-improve beyond human control.

TREE NEWS update: Vestas Wind Systems has received the first orders for its new V182-7.2 MW turbine. The orders mark the commercial debut of the turbine model, which the company has now placed with initial customers. No order volume, customer names or delivery dates were disclosed.

TREE NEWS update: US President Donald Trump said oil flows through the Strait of Hormuz are now at their highest level since the US and Israel launched the war with Iran. He also said oil prices will fall sharply once the Iran conflict ends.

TREE NEWS update: US President Donald Trump called on Iran to reach an agreement, saying he has already pressed Tehran several times to return to negotiations. The remarks were carried in a brief statement attributed to the president, with no further details on the terms sought or any response from Iran.

TREE NEWS update: US President Donald Trump told the UN General Assembly that he believes a deal with Iran will be reached after the US midterm elections, calling Tehran the world’s leading state sponsor of terrorism and vowing it will never obtain nuclear weapons. He said he offered Iran comprehensive economic cooperation in exchange for ending its nuclear program when he took office, but Iran refused, and that he has a major decision to make on Iran. Trump thanked the UN Security Council for passing a resolution condemning Iranian attacks on shipping, adding that Iran is waiting for the midterm results.