Argentine President Millay vowed to abolish capital and foreign exchange controls. Argentine President Millay promised to abolish capital and foreign exchange controls next year, and his government intends to negotiate a free trade agreement with the United States after Trump takes office. The difference between the black market exchange rate and the official exchange rate in Argentina has been narrowing, and even nearly disappeared in recent weeks, which helps the government to deregulate more easily. Millay announced that in order to solve the debt mountain problem of the central bank, Argentina will either sign a new agreement with the International Monetary Fund (IMF) to replace the existing $44 billion agreement or reach an agreement with private investors. "This brings us closer to the final abolition of capital control every day. Capital control is an abnormal phenomenon that should not have happened, and we will put a permanent end to it next year," Millay said in a national televised speech on Tuesday, accompanied by cabinet members. Millay said that from now on, Argentines will be allowed to pay, sell and earn income in any currency they want, but the peso will continue to be used for tax payment. Earlier on Tuesday, Millay said it would take four years to close the central bank, one of his main campaign promises.Yushi Technology: There is no factual basis for the company to be included in the "entity list". At present, the production and operation are normal. Yushi Technology issued a statement today: On December 10, 2024 (Beijing time), the Bureau of Industry and Security of the US Department of Commerce issued relevant announcements to include companies such as Yushi Technology in the entity list. There is no factual basis for this decision, and the company has never received any investigation and evidence collection work from any official US agency. We call on the US government to re-examine. Yushi Technology is an independent private enterprise. As a global provider of AloT products, solutions and full-stack capabilities, Yushi Technology has always adhered to the internationally accepted business ethics and compliance management concept since its establishment 13 years ago, abided by the duties of commercial companies and strictly abided by the laws and regulations of the countries where it operates. At present, the company's production and operation are normal, and this incident has no significant adverse impact on the company's operation. We have the ability to ensure continuous and stable product supply and high-quality technical support for global customers.China Minerals and Guangxi Iron and Steel have established mining technology companies. The enterprise search APP shows that recently, China National Mining Chain (Guangxi) Mining Technology Co., Ltd. was established, with Ji Wendong as the legal representative and a registered capital of 90 million yuan. Its business scope includes mineral washing and processing, metal ore sales and metal material sales. Enterprise survey shows that the company is jointly owned by China Mineral's China Mineral Resources Group International Supply Chain Co., Ltd. and Guangxi Iron and Steel Group Co., Ltd.
Treasury futures closed in early trading, with the main contract of 2-year Treasury futures (TS) falling by 0.06%, 5-year Treasury futures (TF) falling by 0.13%, 10-year Treasury futures (T) falling by 0.15% and 30-year Treasury futures (TL) falling by 0.26%.Tang Daizhi, the former deputy chief economist of China Offshore Oil Group Co., Ltd., was investigated. According to the news from the Discipline Inspection and Supervision Team of China Offshore Oil Group Co., Ltd. and the Supervision Committee of Jiangsu Provincial Commission for Discipline Inspection, Tang Daizhi, the former deputy chief economist of China Offshore Oil Group Co., Ltd., the general manager of human resources department and the head of party organization department, is suspected of serious violation of discipline and law, and is currently under disciplinary review and supervision investigation by the Discipline Inspection and Supervision Team of China Offshore Oil Group Co., Ltd. and the Jiangsu Provincial Supervision Committee.
It is reported that the Bank of Japan believes that the cost of waiting for the next rate hike is not great, and the short-term earthquake of the yen market is reported. It is reported that the Bank of Japan believes that the cost of waiting for the next rate hike is not great. Some policy makers are not opposed to raising interest rates in December if it is proposed. It is said that officials believe that the next rate hike is only a matter of time, not whether to raise interest rates. In addition, they believe that there is little risk that the depreciation of the yen will push up inflationary pressure at this stage. The yen then fluctuated greatly. USD/JPY once fell to a low of 150.99, then rose by about 100 points, and now it is back to around 152. Judging from the current situation, traders expect the probability that the Bank of Japan will raise interest rates by 25 basis points next week to be around 26%.Citigroup: By 2025, the average price of LNG in Europe TTF and Asia JKM may reach 12.9 USD/million british thermal unit and 13.2 USD/million british thermal unit respectively.South Korea's former defense minister tried to commit suicide in prison. The Korean Ministry of Justice disclosed details. According to Yonhap News Agency's report on the 11th, South Korea's former defense minister Jin Longxian attempted suicide in prison on the evening of 10th. In response, Shen Ronghai, head of the Department of Corrections of the Korean Ministry of Justice, said that at present, Jin Longxian "has no abnormal physical condition." According to the report, Shen Ronghai said on the 11th that at around 11: 52 last night (10th), before the arrest warrant was issued, the staff found him trying to connect clothes into a rope in the bathroom in an attempt to commit suicide. Shen Ronghai added that the staff immediately took action and opened the door, and then Jin Longxian gave up suicide. At present, Jin Longxian has been placed in the protection room, and according to the report, his physical condition is not abnormal for the time being. (Yonhap News Agency)