Imperial Commercial Bank of Canada: cut the preferential loan interest rate in Canada by 50 basis points to 5.45%.Ferrous lithium phosphate has strong demand, so it is hard to hide the embarrassment of "meager profit" because the orders of enterprises are full. In December, the Ferrous lithium phosphate market continued to heat up, and most enterprises had full orders. However, contrary to the fiery market, it is still difficult for most enterprises to reverse the "meager profit" situation. "From the market situation, the growth in demand for new energy vehicles and energy storage markets has promoted the warming of the Ferrous lithium phosphate market. Most Ferrous lithium phosphate enterprises are affected by factors such as rising raw material prices, weak bargaining power of products and fierce competition in the industry, resulting in pressure on profits. " Researchers said that in the long run, with the technological progress and market expansion, the profitability of Ferrous lithium phosphate enterprises is expected to improve. (Securities Daily)Egypt condemns Israel's military operations in Syria. The Egyptian Foreign Ministry issued a statement on the 11th local time, condemning Israel's organized attacks on infrastructure in Syria, deliberate bombing and destruction of bases, weapons, equipment and military systems in various parts of Syria, and its illegal bases established in Syria in the strongest terms. Egypt reiterated its firm opposition to Israel's use of Syria's internal affairs and its current vacuum to undermine Syria's national capacity and occupy Syrian land. Egypt believes that Israel's attacks on Syria systematically violate international law. Egypt warned that Israel's irresponsible policies may cause terrible risks. Egypt calls on the UN Security Council and the international community to shoulder their responsibilities, stop Israel's dangerous escalation in Syria and urge it to respect Syria's sovereignty and territorial integrity.
Brazil's Vale: An agreement was reached with the US Department of Energy to provide $282.9 million in financing for the Louisiana plant until 2031.Egypt condemns Israel's military operations in Syria. The Egyptian Foreign Ministry issued a statement on the 11th local time, condemning Israel's organized attacks on infrastructure in Syria, deliberate bombing and destruction of bases, weapons, equipment and military systems in various parts of Syria, and its illegal bases established in Syria in the strongest terms. Egypt reiterated its firm opposition to Israel's use of Syria's internal affairs and its current vacuum to undermine Syria's national capacity and occupy Syrian land. Egypt believes that Israel's attacks on Syria systematically violate international law. Egypt warned that Israel's irresponsible policies may cause terrible risks. Egypt calls on the UN Security Council and the international community to shoulder their responsibilities, stop Israel's dangerous escalation in Syria and urge it to respect Syria's sovereignty and territorial integrity.Onshore RMB against the US dollar (CNY) closed at 7.2615 yuan at 03:00 Beijing time, down 124 points from Tuesday night's close. The turnover was $57.609 billion.
Turkish President Erdogan: We have reached a joint memorandum with Ethiopia and Somalia.Mexico's central bank's financial stability report: Mexico's financial system is flexible and stable. Stress tests have confirmed that the banking system as a whole has the ability to withstand major shocks. The capital and liquidity level of Mexico's banking system is higher than the minimum requirements of supervision. The economic environment is still complex and the risk factors are varied.Fitch Ratings: US state and local governments (economies) are expected to return to normal in 2025. Steady reserves, reduced liabilities, and prudent budget management have prepared American state and local governments for 2025.