Flash News

TREE NEWS update: US President Donald Trump said Iran still possesses some missiles, adding that most of them have been destroyed. He made the remark without providing further details on the assessment or the timeframe involved.

TREE NEWS update: President Donald Trump said the United States will address its $40 trillion debt burden through economic growth. He made the remark without announcing any specific fiscal or budgetary measure. No further details or timeline were given.

TREE NEWS update: Peru’s central bank kept its reference interest rate unchanged at 4.25%. The decision leaves the benchmark rate at its existing level, with no further detail on the vote or forward guidance provided.

TREE NEWS update: US Treasury Secretary Scott Bessent clarified his recent remark that he is ‘the bookie,’ saying he was not daring anyone to challenge him. He said he was trying to convey that he holds superior information and is working to give markets a sound framework so they do not panic.

TREE NEWS update: U.S. Treasury Secretary Scott Bessent downplayed market concerns over Thursday’s smaller-than-expected debt buyback operation and shrugged off worries about a jump in yields. In an interview with Steve Bannon, Bessent said the U.S. Treasury market is in “very good shape,” citing strong demand at two auctions over the past two days and the outperformance of U.S. markets versus others. He also reiterated that bond and energy prices have recently shown unusually high correlation.

TREE NEWS reports: Chinese insurance institutions conducted 10,185 research visits to A-share listed companies so far this year, Wind data shows. The insurers focused on hard-tech names in electronic components, industrial machinery and integrated circuits. Analysts cited national strategic alignment, growth potential and regulatory encouragement as reasons insurers are more motivated to raise allocations to the sector.

TREE NEWS reports: Australia’s three-year government bond yield rose 16.59 basis points in early Sydney trading to 5.0170%, its highest level since May 2011. Overnight, the US two-year Treasury yield climbed as much as 15 basis points.

TREE NEWS update: Ruifeng Bank paid an interim cash dividend of 196 million yuan on September 10, becoming the first A-share listed bank to distribute a mid-year payout this year. Twenty A-share listed banks have now disclosed or implemented 2026 interim profit distribution plans totaling a proposed 266.114 billion yuan, with state-owned major banks accounting for over 80% and collectively planning to raise their payout ratios to 31%.

TREE NEWS update: Canadian Prime Minister Mark Carney met Ukrainian President Volodymyr Zelenskyy in Calgary, Alberta on the 10th, where the two leaders agreed to expand joint military drone production and announced a series of new agreements. Canada will build a national military drone digital platform modeled on Ukraine’s Brave1 drone platform to speed up development, procurement and deployment of drones and counter-drone systems for the Canadian Armed Forces and Coast Guard. Ottawa has signed an initial procurement contract worth 50 million Canadian dollars (about $36.15 million).

TREE NEWS reports: ICE raw sugar No. 11 futures rose to 19.69 cents/lb on Sept. 10 from 14.65 cents/lb in early August, a 34% gain, while China’s white sugar futures added 7% over the same period. Domestic spot sugar held near 5,220 yuan/tonne. A senior executive at a leading sugar firm said cane growth is normal to slightly better, with new-crop output flat to slightly higher, and industry participants expect high inventories to cap further gains in Zhengzhou sugar.

TREE NEWS update: US Trade and Development Agency Director Thomas Hardy said the agency is completing a final report on a cobalt processing facility aimed at upgrading the Philippines’ critical minerals refining capacity. The agency is also finishing a feasibility study for the proposed Subic-Clark-Batangas-Manila railway.

TREE NEWS update: Approvals for new energy-storage battery projects in China are set to tighten, battery makers confirmed, following market speculation that regulators will slow the pace of new project sign-offs. The adjustment is not a blanket halt, and the pace of future approvals will be tuned dynamically to supply and demand conditions in the market, the companies said.

TREE NEWS reports: US August CPI is due at 20:30 Beijing time, with the September University of Michigan 5-year inflation expectation preliminary reading and ECB President Lagarde’s speech at 22:00. CME’s 100-ounce silver futures begin 24-hour trading, while the Bank of Russia announces its rate decision at 18:00 and the IEA releases its monthly oil market report at 16:00. The 18th BRICS leaders’ summit runs September 12-13 in New Delhi.

TREE NEWS update: Nathan Trotter & Co., a centuries-old tin company backed by US Department of Defense funding, signed a multi-year offtake agreement to buy tin concentrate from Australian miner Huntore, with volumes of up to 100% of total output. Under the deal, announced in a Thursday statement, Nathan Trotter will purchase all tin concentrate produced at Huntore’s mining and processing operations in Queensland. STG Metals is providing financing for the agreement.

TREE NEWS update: China’s deputy permanent representative to the UN, Sun Lei, voiced serious concern and strong opposition after certain Security Council members forced a meeting on September 10 under a terminated agenda item to push for the restoration of UN sanctions on Iran. Sun said the move was made despite wide divisions remaining among council members on the issue.

TREE NEWS update: China Association for Public Companies released its 2026 cash dividend rankings on September 10, showing A-share listed companies paid a record 2.4 trillion yuan in dividends for fiscal year 2025, up 3.3% year on year. Nearly 70% of listed companies distributed cash payouts, marking a shift from a periodic wave to a normalized stage.

TREE NEWS reports: Twelve Chinese wealth management firms received a combined $940 million in new QDII quota, prompting 28 dollar-denominated wealth products to launch within less than 10 days. Experts attribute the surge in dollar products directly to the expanded outbound investment quota. They cautioned that higher performance benchmarks are not guaranteed returns and that investors must weigh currency, net value, fee and liquidity risks.

TREE NEWS reports: Several Chinese QDII funds have sharply cut subscription limits just days after raising them, as new quota gets swamped by demand. Wanjia’s Nasdaq 100 index feeder raised its cap from 10 yuan to 5,000 yuan on Sept 9, then cut it to 100 yuan effective Sept 10. China Universal’s Nasdaq 100 ETF feeder lifted its limit to 10,000 yuan on Sept 2, lowered it to 2,000 yuan on Sept 3 and to 10 yuan on Sept 4.

TREE NEWS update: The Netherlands’ National Institute for Public Health and the Environment reported on the 10th that the country’s domestic West Nile virus infections have risen to 18 this year, with three deaths. One case was detected through blood donated for transfusion, while the rest were confirmed after patients developed symptoms and were hospitalized. Infections were recorded across six provinces, including Utrecht and North Brabant.

TREE NEWS reports: Brazil exported a record 4.155 million bags of coffee in August, up 31% year on year, exporters’ group Cecafé said in a Thursday report. Green coffee shipments rose 32% to 3.82 million bags, with arabica exports up 26% to 2.87 million bags as the country’s large crop finally reached the market after earlier delays. Robusta shipments totaled 953,592 bags, a 54% jump.