digital currency conversion- Top snippets

Indian Trade Secretary: India will need more imports to maintain high growth, and should not be too worried about the trade deficit.Citigroup slightly lowered South Korea's GDP growth forecast to 1.5% next year. It is expected that the Bank of Korea will cut interest rates next month. Citigroup released a report saying that considering the worse economic sentiment in South Korea this month, it slightly lowered its GDP forecast for this year and next year by 0.1 percentage point to 2.1% and 1.5% respectively. The bank slightly lowered Korea's GDP growth forecast for the last quarter of this year by 0.1 percentage point to rise by 0.3% quarterly, and raised its GDP growth forecast for the first quarter of next year by 0.1 percentage point to rise by 0.6% quarterly. Looking forward to the first quarter of next year, the bank expects South Korea to adopt a combination of expansionary policies, including the Bank of Korea's expected interest rate cut to 2.75% in mid-January, and the government's expected additional budget of 30 trillion won (equivalent to about 1.1% of GDP next year). It is expected that the Bank of Korea will cut interest rates by 25BP each in January, April, July and October next year, and the final interest rate is expected to be 2%.Market news: Britain is considering the largest auction of renewable energy subsidies in history.

Shanghai Headquarters of the Central Bank: The amount of cross-border RMB settlement in Shanghai in November was 2,491.8 billion yuan. According to the news of Shanghai Headquarters of the Central Bank, as of the end of November, there were 102 banks in Shanghai that submitted information on cross-border RMB settlement business, with a settlement amount of 2,491.8 billion yuan in November and a cumulative settlement amount of 27,151.9 billion yuan from January to November.The opposition party in South Korea said that Yin Xiyue was insane. On the morning of December 12, local time, South Korean President Yin Xiyue made another televised speech, refused to step down early, and denied that martial law was a crime of civil strife. After Yin Xiyue's speech, public opinion in South Korea immediately criticized him. South Korea's largest opposition party, the Common Democratic Party, said that Yin Xiyue was mentally ill and called on the South Korean National Assembly to pass the impeachment case. After Yin Xiyue's speech, Han Dongxun, the representative of the ruling party in South Korea, also said that Yin Xiyue's speech had no introspection and was rationalizing his behavior. Some commentators pointed out that Yin Xiyue may have expected that he could not prevent the National Assembly from passing the impeachment case and was trying to influence the final ruling of the Constitutional Court. I am afraid that the chaos in Korean politics will continue.Yamato: Raising the target price of IWC to HK$ 20 has a more positive view on next year's revenue growth. Yamato published a report that under the strong demand from Malaysia, the bank has a more positive view on IWC's revenue growth next year. In addition, the bank believes that the external financing of operating GDSI, a data center outside the mainland, will release shareholder value. However, as GDSI will be separated from IWC's consolidated statements in the fourth quarter of this year, the bank believes that IWC's short-term re-evaluation will still mainly depend on its mainland business performance, so it still maintains a wait-and-see attitude. The bank maintained its "hold" rating on IWC, and its target price was raised from HK$ 8.6 to HK$ 20. Considering the increase in capital expenditure of IWC from 2025 to 2026, the bank raised its revenue forecast for this year and next by 5% to 24%, mainly due to the strong demand in the international market driven by short video platforms. In addition, in view of the fact that the company raised its capital expenditure guideline from 6.5 billion yuan to 11 billion yuan this year, the bank raised its capital expenditure forecast from 6.7 billion yuan to 11 billion yuan in 2024 and from 3.5 billion yuan to 10.5 billion yuan in 2025. In addition, the bank will raise the adjusted EBITDA forecast of IWC this year and next by 4% to 13% to consider the EBITDA contribution of its overseas business; It is estimated that the total revenue will increase by 15% this year (10% compared with the previous forecast) and 33% next year (15% compared with the previous forecast). The adjusted EBITDA is expected to increase by 11% and 25% this year and next (8% and 15% compared with the previous forecast).

Behind the cheers of the shooting of American medical insurance executives: blood-sucking insurance companies and the new threat of "ghost guns", the suspect who shot and killed a senior executive of an American medical insurance company in the streets of new york City was arrested on the 9th. Police said on the 11th that a number of evidences have confirmed the criminal facts of suspect Luigi Man Ghione. After the shooting, the American public's anger against medical insurance companies broke out on the Internet, and the "ghost gun" 3D printed pistol used by the suspect also showed that the problem of gun proliferation in the United States became increasingly difficult to solve. Agence France-Presse reported that since Thompson was shot, the voice of ridicule and satire has flooded the Internet, and the lack of sympathy has become the mainstream sentiment of the public, which reflects the dissatisfaction and anger of Americans towards the medical system. (CCTV)Behind the cheers of the shooting of American medical insurance executives: blood-sucking insurance companies and the new threat of "ghost guns", the suspect who shot and killed a senior executive of an American medical insurance company in the streets of new york City was arrested on the 9th. Police said on the 11th that a number of evidences have confirmed the criminal facts of suspect Luigi Man Ghione. After the shooting, the American public's anger against medical insurance companies broke out on the Internet, and the "ghost gun" 3D printed pistol used by the suspect also showed that the problem of gun proliferation in the United States became increasingly difficult to solve. Agence France-Presse reported that since Thompson was shot, the voice of ridicule and satire has flooded the Internet, and the lack of sympathy has become the mainstream sentiment of the public, which reflects the dissatisfaction and anger of Americans towards the medical system. (CCTV)The passenger throughput of airports in Shanxi Province exceeded 20 million passengers. The reporter learned from Shanxi Aviation Industry Group Co., Ltd. on the 12th that as of December 10th, the passenger throughput of airports in Shanxi Province exceeded 20 million passengers, 14 days earlier than that in 2019, realizing a new leap-forward development. (China News Network)