whats digital currency- Top searches

Mckinsey agreed to pay $650 million to settle the criminal investigation of opioids by the U.S. Department of Justice. Mckinsey submitted a five-year deferred prosecution agreement to the federal court in Abingdon, Virginia, and agreed to pay $650 million to settle the criminal investigation of the U.S. Department of Justice on its work in guiding the opioid manufacturer Purdue Pharmaceutical to increase sales. According to court documents, Martin Elling, a former senior partner of McKinsey, agreed to plead guilty to obstruction of justice because he destroyed McKinsey's consulting records for Purdue Pharmaceutical. He will plead guilty on January 10th next year. Mckinsey has previously reached various settlement agreements totaling nearly $1 billion. The company had previously faced lawsuits in several States in the United States, and was accused of providing sales analysis and marketing advice to pharmaceutical companies such as Purdue Pharmaceutical and Johnson & Johnson, which contributed to the popularity of opioids.Analysis: Two major factors, disposal of non-performing assets and resolution of local debts, affect the total financial data. According to the analysis of market institutions, the financial data of the current month are greatly influenced by disposal of non-performing assets and resolution of local debts. The reform of financial institutions has been carried out in an orderly manner, and the disposal of non-performing assets of commercial banks has pressed the "acceleration button". According to industry insiders, the write-off of non-performing loans is only a bank accounting treatment, and the lending relationship between banks and enterprises has not changed, which does not directly affect the business activities of the real economy. In November, some non-performing loans were sold through packaging, transfer and sale, so that non-performing assets were listed as a whole. This part is not included in the scale of social financing, which will have a certain impact on the growth rate of social financing scale, but it will also not affect the financing relationship of the real economy. In addition, the intensity of localized debts has increased, and local governments may accelerate the replacement of debts in the short term, affecting the credit stock. It is understood that the Ministry of Finance has issued new local debt limits to all localities, and some provinces have started issuing them. At present, the total amount of special bonds issued by local governments in China has basically reached the planned annual issuance quota. According to market research, after the financing platform and other entities get the special debt funds, most of them will repay the debts in about 10 to 20 days, most of which are loans, so as to avoid "paying interest at both ends" of bonds and loans. It is estimated that nearly 250 billion yuan of local bond swap will be completed nationwide in November, and there will be a larger bond swap in December. According to industry insiders, for local governments, after the debt pressure is released slowly, it is more conducive to the development of the real economy, which is good for relieving the debt chain, smoothing the economic cycle and preventing risks, and has multiple positive effects. (The country is a through train)For the first time since November 2022, the yield of 10-year US Treasury bonds has exceeded the yield of 3-month US Treasury bonds.

For the first time since November 2022, the yield of 10-year US Treasury bonds has exceeded the yield of 3-month US Treasury bonds.Russian Defense Ministry: In the past week, the Russian army launched 15 cluster strikes against Ukrainian military enterprises and facilities. The Russian Defense Ministry said that in the past week, the Russian army launched 15 cluster strikes against Ukrainian military enterprises, Ukrainian military security energy facilities and Ukrainian military infrastructure including foreign mercenaries assembly sites.Canada asked the Labor Committee to put Canadian postal workers back to work.

Jintou Chengkai: The major asset restructuring plan was changed to asset sale, and Jintou Chengkai announced that in order to further optimize the company's asset structure, enhance profitability, reduce the debt level, improve efficiency, speed up the transaction process and reduce transaction costs, the company plans to transfer 46.33% equity of its shareholding subsidiary Huafugong Company. The original planned major asset restructuring includes the transfer of 90% equity of Huachi Company, 46.33% equity of Huafugong Company and 31.89% equity of Tianfang Property Company, which is expected to constitute a major asset restructuring. The adjusted plan is to transfer 46.33% equity of Huafugong Company to Tianjin Investment Capital, the controlling shareholder of the company, through a non-public agreement at a price of 233 million yuan. After the completion of this transaction, the company no longer holds the equity of Huafugong Company. This transaction constitutes a related party transaction, but it does not constitute a major asset reorganization, and it needs to be submitted to the company's shareholders' meeting for consideration.TSMC rose more than 4%, and its first factory in Kumamoto Prefecture, Japan, was close to mass production. TSM.US rose more than 4% at the beginning of the session to US$ 199.98. According to industry sources, TSMC is committed to integrating CoWoS and SiPh, and seeks to launch co-packaged optical devices (CPO) in 2026. In addition, Apple cooperates with Broadcom to develop AI chips, and TSMC's advanced process will welcome big orders again. It is also worth noting that it is reported that TSMC's first factory in Kumamoto Prefecture, Japan is close to mass production.China is a through train: a moderately loose monetary policy will be implemented in 2025. Recently, both Politburo meeting of the Chinese Communist Party and the Central Economic Work Conference decided that China will implement a moderately loose monetary policy next year. People close to the central bank said that the adjustment of monetary policy expression means that monetary policy will continue to maintain greater support for the real economy next year. In the current situation that the economic recovery is still facing many internal and external uncertainties and prices continue to run at a low level, this is very necessary, and it also reflects the central decision-making deployment of "implementing more active and promising macro policies". Judging from a series of recent policy operations and official statements, China's macro-control ideas are also being dynamically optimized, gradually paying more attention to investment from the past, paying equal attention to investment and consumption, and paying more attention to consumption change. People close to the central bank said that in the future, moderately loose monetary policy will be consistent with the overall macro-control thinking change, and more support will be given to promoting consumption and benefiting people's livelihood. (The country is a through train)