Flash News

TREE NEWS reports: The UN Food and Agriculture Organization reported on September 4 that the global food price index averaged 133.3 points in August, up 1.9% month-on-month and 2.5% year-on-year.

TREE NEWS update: Middle East shipping prices have jumped sharply since late July, with a 40-foot container from Shanghai to Dammam rising from around $6,600 to over $10,000, a gain exceeding 50%. The surge is driven by geopolitical tensions blocking the Strait of Hormuz and Bab-el-Mandeb, prompting carriers to reduce capacity and reroute, alongside higher fuel costs and port congestion.

TREE NEWS update: Shanghai Stock Exchange announced that Manycore Tech (00068.HK) has been added to the Stock Connect under the southbound trading list, effective September 7. The inclusion allows mainland investors to trade the company’s shares via the Hong Kong Stock Connect mechanism.

TREE NEWS reports: Global DRAM market revenue reached $147.024 billion in Q2 2026, up 55.9% quarter-over-quarter, a record high. Server DRAM and HBM sales surged on strong server demand, with ASP growth slowing from triple-digit to 40-50% in Q2. Prices remained firm, driving volume and price gains. Q3 ASP is expected to rise further but at a slower pace as long-term price caps lock in.

TREE NEWS reports: The secured overnight financing rate (SOFR) held at 3.66% on September 3, unchanged from the previous day. The effective federal funds rate also remained steady at 3.63%.

TREE NEWS update: White House economic adviser Kevin Hassett said he spoke with President Donald Trump last night, and that Trump did not offer advice to the Federal Reserve. Hassett’s remarks come amid ongoing speculation about White House pressure on the central bank’s monetary policy.

TREE NEWS update: Bepirovirsen, the world’s first functional cure drug for hepatitis B, achieved up to 61% functional cure rate in Chinese patients, according to data from the global Phase III B-Well study presented by Professor Hou Jinlin at the Asian Hepatology Summit in Singapore on September 4. The drug was approved in Japan in August.

TREE NEWS update: White House economic adviser Hassett said the US will observe the impact of current futures prices. The brief statement, reported on Friday, offers no further detail on policy measures. Markets await clarity on the administration’s stance toward commodity and financial futures.

TREE NEWS update: White House economic adviser Kevin Hassett said the US is tracking oil shipments through the Strait of Hormuz amid tensions with Iran. He made the remarks in response to questions about potential disruptions to global oil supplies. No specific measures were detailed.

TREE NEWS reports: Canada’s seasonally adjusted Ivey Purchasing Managers Index surged to 64.3 in August, up sharply from 55.1 in the previous month, indicating strong expansion in the country’s business activity. The data, released on September 5, 2024, signals robust economic momentum in the Canadian private sector.

TREE NEWS update: White House economic adviser Kevin Hassett said on Tuesday that interest rate hikes are something everyone thinks should be put on the agenda, while respecting the Federal Reserve’s independence. He noted that refined oil prices remain high and the administration is making every effort to lower them. On Iran, he said the U.S. is tracking oil shipments through the Strait of Hormuz.

TREE NEWS update: Russia said it attacked a vessel at Ukraine’s Chornomorsk port. The strike adds to escalating tensions in the Black Sea region, with potential implications for grain shipping and global markets.

TREE NEWS update: JU ACTIVE founder Huang Haorui said on September 4 that his company had already filed a second-instance appeal in the trademark dispute with lululemon, and that lululemon has also appealed. lululemon had not responded to requests for comment at the time of writing.

TREE NEWS reports: White House economic adviser Kevin Hassett said high oil prices are a short-term phenomenon. His remarks come amid recent volatility in energy markets. Hassett’s comment suggests the administration expects prices to stabilize without prolonged impact on the economy.

TREE NEWS reports: The Philadelphia Semiconductor Index gained 3% on [date not specified], with Seagate Technology surging over 5%, ASML and Micron Technology each rising nearly 4%, and Intel up nearly 3%. The broad rally highlights strength in the semiconductor sector.

TREE NEWS update: President Donald Trump on Friday threatened to halt trade with countries running surpluses against the U.S. unless the Federal Reserve cuts interest rates, calling it “better than tariffs.” In a Truth Social post, he argued high rates put America at an unfair disadvantage and urged the Fed to act as “patriots.”

TREE NEWS update: President Trump praised the latest jobs data and renewed his call for the Federal Reserve to cut interest rates, saying high rates put the U.S. at an ‘unfair disadvantage.’ He urged the Fed, under its new chair, to become ‘smart’ and adjust policy accordingly.

TREE NEWS update: President Donald Trump said the Federal Reserve Board and its ‘excellent new leader’ must become wise, urging action on monetary policy. The remark, made without specifying a timeline or concrete demands, signals continued pressure on the central bank to cut interest rates. Markets will watch for any policy response from Fed Chair Jerome Powell.

TREE NEWS reports: The US dollar index has nearly erased all gains made since the release of the nonfarm payrolls report, currently trading at 99.12. This reflects a swift reversal in market sentiment following the jobs data.

TREE NEWS update: Revolut and OpenReserve received preliminary approval from the Office of the Comptroller of the Currency to form US national banks, with both planning to offer cryptocurrency and stablecoin-related services. The approvals mark a step toward expanding their digital asset offerings under US banking regulations.