Flash News

TREE NEWS reports: China’s stock of direct investment in BRICS countries reached $82 billion as of the end of 2025, with steady growth in recent years. Between January and July this year, roughly $4 billion in Chinese direct investment flowed into BRICS economies, directed mainly at manufacturing, construction and power sectors.

TREE NEWS reports: The London Metal Exchange reported inventory changes across its warehouses: lead stocks fell 2,350 tons, zinc dropped 1,775 tons and copper declined 275 tons, while nickel rose 2,820 tons, tin added 45 tons and aluminium fell 250 tons. The figures cover the LME’s latest daily stock report.

TREE NEWS reports: OPEC crude production fell by 1.56 million barrels per day month-on-month in August to 19.56 million bpd, the IEA said in its monthly report. The agency said spot premiums in the oil market have reached “extreme levels.” Gulf states’ diesel and gasoline exports came in at 390,000 bpd in August, a quarter of pre-war levels.

TREE NEWS reports: Global observed oil inventories fell by 3.1 million barrels per day in August, the IEA said in its monthly report. Since February, global oil stocks have declined by an average of 2.8 million barrels per day, the agency said.

TREE NEWS reports: The International Energy Agency’s monthly report projects global refinery runs will decline by 2.6 million barrels per day in 2026. The forecast, published in the agency’s monthly oil market report, points to lower crude processing volumes worldwide for the year.

TREE NEWS reports: Italy’s unemployment rate rose to 5.6% in the second quarter, up from 5.3% in the prior quarter. The reading marks a 0.3 percentage point increase over the previous period.

TREE NEWS reports: The International Energy Agency has again lowered its oil demand forecast, citing the ongoing conflict with Iran. It is at least the second downward revision the Paris-based agency has made as the war weighs on its outlook. The IEA did not disclose the size of the latest cut or the revised demand figure.

TREE NEWS update: Xiamen issued 5-year and 2-year other special-purpose local government bonds totaling 2.278 billion yuan, priced at a coupon rate of 1.5500%. The marginal bid-to-cover ratio came in at 3.14 times against an expected ratio of 1.54.

TREE NEWS update: Norway’s Ministry of Energy said Friday it received applications from 21 oil and gas companies seeking exploration blocks in the government’s annual Awards in Predefined Areas (APA) licensing round. The tally is one more than last year’s round, as Shell re-entered after skipping the 2025 round. The round covers 70 new blocks or partial blocks in the North Sea, Norwegian Sea and Barents Sea. Applicants include Equinor, ConocoPhillips and TotalEnergies.

TREE NEWS reports: Vietnam’s benchmark VN Index dropped 2% to close at 1,791.85. The decline marks a sharp single-session pullback for the Ho Chi Minh City-listed gauge, which tracks the country’s largest companies by market capitalization.

TREE NEWS reports: The US average retail price of diesel climbed above $6 per gallon. The reading marks a fresh threshold for the fuel that drives trucking, freight and industrial activity across the country. AAA did not give a precise figure beyond the $6-per-gallon level in the release.

TREE NEWS update: Chinese Foreign Ministry spokesperson Mao Ning said on September 11 that all countries should provide a fair, just and non-discriminatory business environment for normal investment and operations. Asked about South Korea’s revision of laws against industrial espionage, Mao said Beijing requires Chinese companies to conduct international cooperation in compliance with international rules and laws.

TREE NEWS update: China’s Foreign Ministry spokesperson Mao Ning said on September 11 that innovation-driven development is the key to China’s long-term economic strength and fast-rising industrial competitiveness, and that China’s innovation offers opportunities to the world. More foreign firms are choosing to conduct R&D and innovate in China to build global competitiveness in its large market, she said, adding that China’s innovation never seeks monopoly and it is willing to share innovation dividends for common development.

TREE NEWS update: China’s foreign ministry said on Monday it had lodged solemn representations with Italy and the European Union over a “Taiwan independence” politician attending a meeting in Italy. Spokeswoman Mao Ning said the one-China principle is the political foundation of China-Italy and China-EU relations, and urged relevant parties to uphold it with concrete actions. Beijing opposes any form of official exchanges between countries having diplomatic ties with China and Taiwan.

TREE NEWS update: China’s Foreign Ministry said on September 11 it has no information to provide on the size of President Xi Jinping’s delegation to India for the BRICS summit. Spokeswoman Mao Ning declined to confirm a reported large business contingent attending the BRICS Business Forum, saying details of Xi’s trip will be released in due course.

TREE NEWS update: European Central Bank officials signaled more tightening may be needed after raising rates the previous day, saying eurozone inflation remains high. ECB Governing Council member and Bundesbank President Joachim Nagel said he does not rule out the need for mildly restrictive measures, adding that energy prices will be key to the monetary policy path. Asked about the next rate move, Nagel said it is too early to speculate.

TREE NEWS update: Saudi Crown Prince Mohammed bin Salman called US President Donald Trump twice to urge strikes on Yemen’s Houthis, but Trump refused, two US officials said. Washington has no plans for direct intervention against the Houthis, the officials said, while it continues to increase support for Saudi Arabia while avoiding direct military involvement.

TREE NEWS update: Inner Mongolia issued 13.74773 billion yuan of 10-year general local government bonds at a 1.7300% coupon, with a marginal bid-to-cover ratio of 1.48 times against an expected 1.73. It also issued three tranches of 15-year special-purpose local bonds totaling 26.55098 billion yuan, all at a 2.0800% coupon, with marginal bid-to-cover ratios of 7.42, 4.71 and 4.59 times versus an expected 2.07.

TREE NEWS reports: The Shanghai Futures Exchange reported weekly inventory changes across its base metals and rubber contracts. Copper stocks fell 8,220 tonnes and aluminum dropped 17,019 tonnes, while zinc rose 1,253 tonnes, lead fell 863 tonnes, nickel fell 847 tonnes, tin rose 1,153 tonnes and natural rubber declined 74 tonnes.

TREE NEWS update: Gotion High-Tech has secured a core 6GWh battery energy storage order for Saudi Arabia’s first batch of large-scale BESS projects, which have now entered construction. The Chinese battery maker will supply full energy storage solutions to three main storage sites in the kingdom, using its Qianyuan Smart Storage system, marking its entry into the Middle East high-end storage market.