ADB approved a loan of US$ 200 million for power infrastructure construction in Pakistan.Albertson terminated its merger with krogh and announced an increase in dividend and repurchase plan. albertson Company announced that it had exercised its right to terminate its merger agreement with krogh, because the US District Court in Oregon and the District Court in Washington issued an injunction on the proposed merger on December 10th. Vivek Sankaran, CEO of the company, commented: "In view of the recent decision of the federal and state courts to block the proposed merger between the company and krogh, we have made a difficult decision to terminate the merger agreement. We are very disappointed with the court's decision. " In addition, the board of directors of albertson Company plans to increase the quarterly cash dividend from $0.12 to $0.15 per share, and approved a stock repurchase plan of up to $2 billion.The USD/JPY intraday increase of USD/JPY expanded to 0.50% and is now reported at 152.72.
Pakistan KSE-100 index rose 0.5% to 109,693.20.The probability of the Bank of Japan raising interest rates this month doesn't seem to increase the strength of the US/Japan again. Justin Low, an analyst at Forexlive, a financial website, said that the possibility of the Bank of Japan raising interest rates this month was very low from the beginning, and earlier today, the ratio was about 30%. There has just been a sudden report that some policy makers of the Bank of Japan may support raising interest rates in December, but they also think it is unnecessary to rush because they think the cost of waiting for raising interest rates is "very small". After this news, the possibility of the Bank of Japan raising interest rates further dropped to about 23%. This, in turn, led to buying against the yen, while the yen fell. In the initial reaction, USD/JPY once fell to a low of 150.99, but then rose to around 152.30.ADB approved a loan of US$ 200 million for power infrastructure construction in Pakistan.
Wanfang Development: A supplementary agreement on equity transfer of RMB 12.3 million was signed, and Wanfang Development announced that the company held the 66th meeting of the 9th Board of Directors on December 11th, 2024, at which the Proposal on the Progress of Selling a wholly-owned subsidiary and Signing a Supplementary Agreement was reviewed and approved. The Company signed Supplementary Agreement III to the Equity Transfer Agreement with Beijing Tianyuan and Beijing Baiyu, and Beijing Baiyu will pay the remaining equity transfer amount of RMB 12.3 million to the Company before December 31, 2025. As of the disclosure date of the announcement, Beijing Baiyu has paid 77.7 million yuan of equity transfer to the company, and the remaining 12.3 million yuan of equity transfer has not been paid. The company has transferred its 86.3333% equity of Beijing Tianyuan to Beijing Baiyu, so far, the company holds 13.6667% equity of Beijing Tianyuan.Wanfang Development: A supplementary agreement on equity transfer of RMB 12.3 million was signed, and Wanfang Development announced that the company held the 66th meeting of the 9th Board of Directors on December 11th, 2024, at which the Proposal on the Progress of Selling a wholly-owned subsidiary and Signing a Supplementary Agreement was reviewed and approved. The Company signed Supplementary Agreement III to the Equity Transfer Agreement with Beijing Tianyuan and Beijing Baiyu, and Beijing Baiyu will pay the remaining equity transfer amount of RMB 12.3 million to the Company before December 31, 2025. As of the disclosure date of the announcement, Beijing Baiyu has paid 77.7 million yuan of equity transfer to the company, and the remaining 12.3 million yuan of equity transfer has not been paid. The company has transferred its 86.3333% equity of Beijing Tianyuan to Beijing Baiyu, so far, the company holds 13.6667% equity of Beijing Tianyuan.Where to go: This year, the number of passengers who bought their first air ticket on the platform increased by 41% year-on-year. According to the data released by Qunar.com today, in 2024, the number of passengers who bought their first air ticket increased by 41% year-on-year, with the highest growth rate in Shanghai, Beijing, Yunnan, Fujian and Hubei. The number of residents in cities below the third tier where they bought their first air ticket increased by 35% year-on-year, a record high of nearly five years. From the perspective of age structure, young people under the age of 18 have become the main group where to buy their first air ticket, with a year-on-year increase of over 50%. Students aged 19-23 and young people aged 24-33 are the main growth forces. At the same time, the platform data shows that the number of passengers who left the country by plane for the first time in 2024 increased by 220% year-on-year, and the number of residents in third-tier cities and below who left the country by plane for the first time increased by 2.5 times. The most popular destinations for first-time outbound travel are Hongkong, China, Bangkok, Thailand and Kuala Lumpur.