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Tang Shuangning, the former chairman of China Everbright Group, was sentenced to 12 years in prison for corruption and bribery. On December 10, 2024, the Intermediate People's Court of Tangshan City, Hebei Province publicly pronounced the case of Tang Shuangning, the former party secretary and chairman of China Everbright Group Co., Ltd., sentenced the defendant Tang Shuangning to five years in prison for corruption and fined him 200,000 yuan. He was sentenced to 10 years and six months in prison for accepting bribes and fined him 1.1 million yuan. He decided to execute a 12-year prison term and concurrently imposed. The property and fruits of Tang Shuangning's crime shall be recovered according to law and returned to the injured unit or turned over to the state treasury. (CCTV News)Berenberg raised Oracle Bone Inscriptions's target price from $146 to $157.Market News: The Russian Duma supports the legislation to remove the Taliban from the list of prohibited organizations.

Top fund managers say that Trump's tariff plan is influenced or less than expected by the negotiation strategy. Some of the most influential and powerful fund managers in the world believe that the potential extensive tariffs of US President-elect Donald Trump are only negotiation strategies. This was the key message delivered by Jenny Johnson, CEO of Franklin Templeton, and Anne Walsh, Chief Investment Officer of Guggenheim Partners Investment Management, when they spoke at the event "Women, Money and Power" held by Bloomberg in London on Tuesday. "I think tariffs are still more of a negotiation strategy than the inevitable situation we will see," Walsh said. "I think it will be more targeted." Johnson expressed a similar view, adding that such measures are often "inflationary".Experts say that Yin Xiyue's arrest is still not certain. On December 10th, South Korea's National Assembly passed a resolution calling for the rapid arrest of President Yin Xiyue, and at the same time voted to pass the "Permanent Special Inspection Law on Civil Disturbance" calling for the investigation of President Yin Xiyue. Recently, the sudden "martial law farce" in South Korea has intensified. Will Yin Xiyue become the first current president of South Korea to be arrested? Zhan Debin, director of the Korean Peninsula Research Center of Shanghai University of International Business and Economics, said that at present, whether Yin Xiyue will be arrested is still not "certain". He explained, "The resolution of the National Assembly is not a bill, but actually a pressure on relevant investigation institutions, and it is also an' endorsement' for relevant institutions to step up their investigation of Yin Xiyue's problem." Another expert on South Korea pointed out to reporters that under this circumstance, whether Yin Xiyue was arrested will still be affected by the game between the opposition party and the ruling party in South Korea, and it will take some time to make a final decision. "During this period, the opposition Common Democratic Party will continue to promote its impeachment and realize Yin Xiyue's stepping down as soon as possible. The sooner the election, the better for the Common Democratic Party. The National Power Party will continue to delay, hoping to realize the general election in May and June next year, so that it can make more adequate preparations. The reason why the "law on permanent special inspection of civil strife" was passed was actually the result of compromise between the two parties. The former demanded immediate stepping down, while the latter demanded stepping down in March and April next year as planned. The former hopes to find more evidence through special inspections to continue impeachment, while the latter hopes that special inspections will delay time. " In addition, some experts in South Korea pointed out that if Yin Xiyue refuses to obey the law enforcement department, any attempt at compulsory measures may be limited in practice. "The responsibility of the Presidential Security Bureau is to protect national leaders around the clock." (Nanfang Daily)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.

The British Chancellor of the Exchequer called on the EU to grant greater access to the City of London. The British Chancellor of the Exchequer Rachel Reeves visited Brussels, urged the EU to grant greater access to the City of London, and told the finance ministers of the group that this would help promote their stagnant economic growth. Reeves said: "Britain has a deep global capital market, which can fund the growth needed by the economies in continental Europe."Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.Whirlpool: The rolling P/E ratio of the company is higher than that of the industry. Whirlpool issued a warning announcement on the risk of stock trading. As of December 10, 2024, the closing price of the company's stock was 12.91 yuan, with a rolling P/E ratio of 82.42 times. According to the data published on the website of China Securities Index Co., Ltd., the industry classification of the company belongs to the CSRC is "C38 Electrical Machinery and Equipment Manufacturing Industry", and the latest rolling P/E ratio is 21.00 times. The rolling P/E ratio of the company is higher than that of the industry, so investors are advised to pay attention to investment risks.