Flash News

TREE NEWS update: Slovak Economy Minister Sakova said Nippon Steel will invest €900 million in a steel plant in Slovakia. The announcement covers the Japanese steelmaker’s planned capital commitment to the Slovak facility, with no further terms disclosed. No timeline for the investment was given.

TREE NEWS reports: The onshore yuan closed at 6.7085 per US dollar at 03:00 Beijing time, down 6 pips from Friday’s late-night close. Trading volume for the session totaled $54.667 billion.

TREE NEWS reports: Global junk-rated borrowers are queuing at least $13 billion of refinancing deals to lock in tighter credit spreads before central banks potentially raise rates. Authentic Brands Group, owner of Guess and Dockers, launched a $4.2 billion debt refinancing on Monday; car wash company Mister Car Wash Inc. is pursuing a $2 billion deal to refinance existing debt and fund a shareholder distribution; aerospace firm TransDigm Group Inc. kicked off a $2.5 billion refinancing.

TREE NEWS reports: Bitcoin rose toward $80,000 after US President Donald Trump hinted that the US-Iran war would end, pushing oil prices lower. The cryptocurrency topped $79,000 on the comments, while crude retreated. Traders tied the move to reduced geopolitical risk premium across markets.

TREE NEWS update: Saudi Arabia’s civil defense authority said the danger in Najran has been lifted, declaring the situation resolved. The announcement gave no further details on the nature of the incident or the measures taken. Najran lies in the kingdom’s southwest, near the border with Yemen.

TREE NEWS update: Iranian President Masoud Pezeshkian said that even citizens dissatisfied with domestic conditions, facing hardship, or holding differing views defended Iran’s territorial integrity and protested against US aggression. He added that large numbers of Iranians living abroad have chosen to return to Iran.

TREE NEWS update: Iran’s president said that even citizens unhappy with domestic conditions, facing hardship and holding differing views have defended Iran’s territorial integrity and protested against US aggression. Large numbers of Iranians living abroad have chosen to return to Iran, he said.

TREE NEWS update: Saudi Arabia issued an air-defense alert for Najran province. The warning covers the province in the country’s southwest, bordering Yemen. No further details were immediately provided.

TREE NEWS update: Saudi Arabia issued an air-defense alert for Najran province. The alert covers the province in the kingdom’s south, which borders Yemen. No further details on the cause or duration of the alert were given.

TREE NEWS reports: Brent crude (XBRUSD) briefly pulled back to $106 a barrel and was last quoted at $105.95, up 0.4% from the previous trading session’s close. The move marks a short-term retracement in the benchmark’s price.

TREE NEWS update: Serbian President Aleksandar Vucic said he will resign on September 27. Vucic announced the date himself, without giving further details on the decision or on what follows. No reason for the resignation was provided in the statement.

TREE NEWS reports: Citi, Goldman Sachs and JPMorgan rate strategists now expect the Federal Reserve to raise interest rates this week, joining other Wall Street dealers in anticipating a hike on Sept. 16 after Friday’s US CPI print pushed market-implied odds of a Fed hike to about 90%. Goldman lifted its year-end forecast for the 10-year Treasury yield to 4.75% from 4.40%, while TD Securities raised its call to 4.75% from 4.25%.

TREE NEWS reports: Bank of America shares dropped 5.7% intraday, the worst session since April 2025, after CEO Brian Moynihan said third-quarter trading revenue is expected to be “roughly flat.” The decline marks the sharpest intraday move in the stock in about five months.

TREE NEWS update: US President Donald Trump said he hopes Google will change its stance on a power plant investment in Finland, calling the idea that AI is taking over the world a hoax. Trump made the remarks without providing further detail on the project or Google’s position. No response from Google was immediately reported.

TREE NEWS update: US President Donald Trump said he plans to pay every American adult a $5,000 “Trump dividend,” citing trillions of dollars in economic gains, investment and success the country is reaping. The plan is drawing criticism from Democrats, who want it to fail, but Trump said it will definitely be implemented. No timeline or mechanism for the payment was given.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility took in $1.42 billion on Monday, September 14, from four counterparties, down from $5.255 billion in the prior session. The drop marks a sharp decline in usage of the central bank’s overnight liquidity-draining tool.

TREE NEWS update: A Houthi spokesman said Saudi Arabia carried out 54 airstrikes over the past 24 hours, using F-15 and Typhoon jets flying from Khamis Mushait and Taif air bases. The strikes hit the provinces of Taiz, Lahij, Al-Jawf, Marib and Hodeidah, the spokesman said, vowing the “treacherous aggression” would be punished.

TREE NEWS reports: Bank of America’s chief executive said consumers’ primary concern right now is their ability to pay, with third-quarter investment banking fees projected at $1.6 billion to $1.8 billion. The bank’s shares extended their decline, hitting a fresh intraday low.

TREE NEWS reports: The cost of chartering a tanker on the oil industry’s benchmark route surpassed $1 million per day for the first time, Baltic Exchange data published Monday showed. Too few tankers are willing to carry cargo through the Strait of Hormuz because of the Iran war, the London exchange said.

TREE NEWS reports: International copper fell 1.18% in the night session, with Shanghai copper down 1.17%, Shanghai zinc down 1.17%, Shanghai lead down 0.75%, Shanghai nickel down 0.35% and Shanghai tin down 2.22%. Shanghai aluminum slipped 0.06%. Alumina rose 0.52% and aluminum alloy gained 0.15%, while stainless steel added 0.07%.