Penfolds Maker Treasury Scraps 2026 Guidance on China, US Uncertainty

The U.S. has announced the formation of a new 'Scam Center Strike Force' aimed at combating cybercriminals operating from Southeast Asia. This initiative highlights the growing concern over the region's notorious scam centers, which are seen as both a national security and homeland security issue. The announcement reflects a broader effort to address cybercrime and protect individuals and businesses from fraudulent activities.

China is poised to take on a larger role in global climate discussions as the United States opts out of the Brazil climate summit. This shift highlights China's increasing influence in international environmental matters, particularly in the context of the U.S. decision to sidestep the event. The summit, taking place on November 15, 2025, serves as a platform for nations to address climate change challenges, and China's participation may signal a strategic move to enhance its leadership in climate policy.

The US has initiated discussions regarding the potential sale of Lukoil's foreign assets. This move is part of a broader strategy to mitigate the impact of sanctions imposed on the Russian oil producer. The facilitation of these talks indicates a shift in US policy towards allowing transactions that involve Lukoil, which may open avenues for international bids on its assets.

Brazil is advocating for further tariff relief from the United States on coffee exports, following President Donald Trump's decision to lower tariffs, which had minimal impact on Brazil, the largest coffee supplier to the US. The Brazilian government aims to enhance its coffee export competitiveness amidst ongoing trade discussions.

Thailand has announced that trade talks with the United States will continue despite an ongoing dispute with Cambodia. This decision reflects Thailand's commitment to maintaining its trade relations with the US, even in the face of regional tensions. The announcement was made on November 15, 2025, indicating a focus on economic collaboration amidst geopolitical challenges.

The US's unwavering position on sanctions against Serbia's only oil refiner, NIS AD, has compelled Belgrade to consider a difficult decision. According to Energy Minister Dubravka Djedovic-Handanovic, Serbia may need to seize the company from Russia to avoid a potential shortage of crude oil. This situation highlights the challenges Serbia faces in balancing its energy needs with international sanctions.

The U.S. economic outlook is currently hindered by a data gap resulting from the recent government shutdown. This statistical blind spot could significantly impact various economic factors, including interest rate cuts and investment decisions.

Thailand announced that tariff discussions with the United States will proceed following a phone call between President Trump and Thai Prime Minister Anutin. This decision comes despite the US previously halting negotiations due to Thailand's need to comply with a peace declaration involving Cambodia.