Flash News

TREE NEWS update: Brookfield Asset Management said it plans to reach $1.3 trillion in fee-bearing assets under management by 2031. The US asset manager set out the target as a long-term growth goal for its fee-based business. No further details on the path to the figure were given.

TREE NEWS update: The United States has approved the sale of F-35 fighter jets to Saudi Arabia in a deal valued at $24 billion. The approval marks a major arms transfer to Riyadh. No further details on delivery timing or congressional review were provided.

TREE NEWS update: Russian President Vladimir Putin said Russia’s GDP is expected to grow by about 1% in 2026, and that inflation in the country is under control. No further figures or policy details were given.

TREE NEWS update: The Lloyd’s Market Association said the Joint War Committee has expanded its listed Black Sea reporting area, with Russian and Ukrainian coastal waters still requiring notification. Voyages within the territorial waters of neighboring countries such as Romania, Bulgaria and Turkey no longer need to be reported.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw usage of $276 million on Thursday, September 17, with three counterparties taking part. The previous trading day’s usage was $5.375 billion, a sharp drop in balances parked at the facility.

TREE NEWS update: SpaceX said it is targeting September 28 as the earliest date for the 14th test flight of its Starship vehicle. The company gave no further details on the mission profile or the launch window.

TREE NEWS reports: Trump administration officials said Iran has shot down at least two US drones in recent days. The reported incidents mark a fresh escalation between Washington and Tehran, though no further details on the timing, location or type of the drones were provided.

TREE NEWS reports: ARK Invest CEO Cathie Wood said SpaceX’s Starship could generate $1 billion in revenue per launch, projecting up to $10 trillion in annual revenue if Elon Musk’s goal of 10,000 Starship launches per year by 2030 is met. Wood, one of Wall Street’s best-known investors, framed the estimate as a market opportunity for Musk’s space venture.

TREE NEWS update: The US Treasury auctioned $19 billion in 10-year inflation-protected securities (TIPS) at a high yield of 2.653%, the highest since at least 2008 and up from 2.438% in July. The bid-to-cover ratio was 2.24. The 10-year TIPS yield had reached 2.69% on September 16, the day the Federal Reserve announced a rate hike, marking its highest level since November 2008.

TREE NEWS reports: Bridgewater Associates co-chief investment officer Jensen said he wants the major computing giants to be regulated. The remarks from the world’s largest hedge fund’s co-CIO target the large-scale compute providers that underpin artificial intelligence development. No further details on the scope or mechanism of the proposed regulation were given.

TREE NEWS reports: The Federal Reserve has delivered its first interest rate increase since 2023, a move that barely dented cryptocurrency prices. Bitcoin bounced as markets turned their attention to the central bank’s next policy step. What the Fed does next could change calculations on Wall Street.

TREE NEWS reports: International copper rose 1.93% in the night session, while Shanghai copper gained 1.42%, Shanghai zinc 1.68%, Shanghai lead 2.03%, Shanghai aluminum 0.74%, Shanghai nickel 0.7% and Shanghai tin 1.36%. Alumina added 0.56% and aluminum alloy 1.17%, with stainless steel up 1.07%.

TREE NEWS update: US President Donald Trump said he is approaching a major crossroads on the question of war with Iran. The remark was reported by Axios. No further details, timeline or decision were given.

TREE NEWS reports: London Metal Exchange base metals closed mostly higher, with three-month copper rising $259 to $14,492 a tonne. Aluminium gained $32 to $3,302/t, zinc added $69 to $3,882/t, lead rose $24 to $1,910/t, nickel climbed $123 to $16,290/t and tin jumped $762 to $53,186/t. Cobalt was the sole decliner, falling $340 to $39,780/t.

TREE NEWS reports: Germany’s 10-year Bund yield fell 3.1 basis points to 3.477% in late European trading on Thursday, September 17, after trading between 3.533% and 3.473%. The 30-year yield dropped 3.7bps to 3.735%, while the 2-year yield rose 0.8bps to 3.225%, narrowing the 2/10-year spread by 3.687bps to +24.855bps. French, Italian, Spanish and Greek 10-year yields also declined.

TREE NEWS reports: Chile’s copper production is expected to fall about 7% on average this year, Finance Minister Jorge Quiroz said, with the anticipated second-half recovery failing to materialize. The decline is far steeper than the 2.6% drop to 5.27 million tonnes previously forecast by state agency Cochilco. Chile is the world’s largest copper supplier.

TREE NEWS update: UBS Chairman Colm Kelleher said he can accept a compromise in Switzerland’s debate over bank capital requirements that would let lenders use a form of convertible debt to meet part of the rules. Speaking at a Swiss Bankers Association event in St. Gallen, Kelleher said UBS’s “primary goal” is a “Swiss-style compromise,” adding the plan would raise its costs and must be proportionate and aligned with international standards.

TREE NEWS reports: The US dollar rose above 156.0 against the Japanese yen, trading at 156.004, a 0.5% gain over 24 hours. The move extends the greenback’s advance against the yen.

TREE NEWS reports: A refinery in Russia’s Yaroslavl region has stopped crude processing following a drone attack. The facility halted operations after the strike, the reports said. No further details on damage, duration of the shutdown or output impact were given.

TREE NEWS reports: The Bank of England’s reform of its quantitative tightening framework shifts its operating model from annual reviews to a pre-announced multi-year reduction plan, MUFG strategist Lee Hardman said. The change also sets a “very high bar” for any future adjustments to the pace of balance-sheet runoff.