An earthquake of magnitude 4.0 occurred in the sea area of Yilan County, Taiwan, with a focal depth of 95 kilometers. The China Seismological Network officially determined that an earthquake of magnitude 4.0 occurred in the sea area of Yilan County, Taiwan (24.75 degrees north latitude and 122.51 degrees east longitude) at 21: 56 on December 10, with a focal depth of 95 kilometers.SOMO, Iraq's national oil marketing organization: Iraq will set the official selling price of Basra Intermediate crude oil sold to North America and South America in January next year at a discount of $1.5 per barrel. Iraq will set the official sales price of Basra Intermediate crude oil sold to Europe in January next year at a discount of $5.5/barrel compared with the spot Brent crude oil price.Fitch: It is expected that the Tax Reduction and Employment Act will be extended in 2017, which may increase tariffs on Canada, restrict immigration and re-promote deregulation. It is expected that the economic growth in the United States and Canada will slow down slightly, inflation will fall, and policy interest rates will continue to be lowered.
Reuters survey: 93 out of 103 economists believe that the Federal Reserve will cut the federal funds rate by 25 basis points to 4.25%-4.50% on December 18th.SOMO, Iraq's national oil marketing organization: Iraq set the official selling price of Basra Intermediate crude oil sold to Asia in January at a discount of $0.60/barrel compared with the average price of Oman/Dubai.Berenberg raised Oracle Bone Inscriptions's target price from $146 to $157.
The opening of Yunnan Guanlei Port passed the national acceptance, and on December 10th, the opening of Yunnan Guanlei Port passed the national acceptance. It marks that the location advantage of the Lancang-Mekong River connecting the six countries will be further highlighted, effectively helping the "Belt and Road" construction to achieve new breakthroughs in Southeast Asia. The national inspection team consists of the General Administration of Customs, the Ministry of Transport, the State Administration of Immigration and the Joint Staff of the Central Military Commission. After on-site inspection, listening to reports, reading materials and centralized review, the inspection team thought that the infrastructure and inspection facilities at the port of Guanlei were perfect, in line with national standards, and had all the conditions for formal opening, and unanimously agreed to pass the inspection and sign the national inspection minutes. Located in Mengla County, Guanlei Port is the first port for Laos, Myanmar, Thailand and other ASEAN countries to enter China via Mekong River, with a designed annual cargo capacity of about 150,000 tons and a designed annual passenger transport capacity of about 100,000 passengers.Fitch: It is expected that the financial situation of the United States will improve moderately in 2025, due to the cyclical rebound of personal and corporate taxes, higher capital gains and tariffs. In view of the spread, the Canadian dollar will continue to weaken, which may offset some of the impact of the US tariff increase.Repeated calls for performance compensation exceeding 500 million yuan failed. On December 10th, Runbang Co., Ltd. (002483.SZ, share price of 5.57 yuan, market value of 4.938 billion yuan) disclosed that the company recently filed a lawsuit with Wang Chunshan, a performance compensation obligor, to the Intermediate People's Court of Nantong City, Jiangsu Province, which was accepted. It is worth mentioning that Runbang shares received a letter of inquiry before, and the CSI Small and Medium Investor Service Center asked the company to explain what specific measures have been taken to solve the unfulfilled performance commitments in 2023 and the current progress, as well as the reasons why judicial measures have not been taken to recover. According to the announcement, on February 20, 2019, Runbang shares purchased 73.36% equity of Hubei CNPC Youyi Environmental Protection Technology Co., Ltd. (hereinafter referred to as "CNPC Environmental Protection") by way of issuing shares, with 990 million yuan in equity transfer price and 9 individuals and enterprises including Wang Chunshan as the counterparty. On the same day, Runbang Co., Ltd. and Wang Chunshan, the performance promise party, signed the Performance Compensation Agreement, and since then, both parties have successively signed two supplementary agreements. Wang Chunshan, as the performance promisor, promised that the net profit of the target company (whichever is lower before and after deducting the non-recurring gains and losses) under the consolidated income statement audited by an accounting firm entrusted by a listed company in compliance with the securities law from 2019 to 2023 should not be less than 130 million yuan, 50 million yuan, 160 million yuan, 190 million yuan and 218 million yuan respectively. (per meridian)