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World Bank: The Philippine economy will grow at an average annual rate of 6% from 2024 to 2026. The World Bank released the latest issue of the Philippine Economic Report (hereinafter referred to as the Report) on the 10th, predicting that the Philippine economy will maintain strong growth in the face of multiple challenges, and the average annual growth rate will reach 6% from 2024 to 2026. According to the Report, the Philippines will be one of the fastest growing economies in East Asia and the Pacific. It is estimated that the annual economic growth in 2024 will be 5.9%, slightly lower than the 6% predicted in October, because extreme weather has affected the economic performance in the third quarter. The growth rate is expected to be 6.1% in 2025 and 6% in 2026. (Zhongxin. com)Shanghai Pudong Development Bank: 40 billion yuan of tier-two capital bonds have been issued. On December 10th, Shanghai Pudong Development Bank Co., Ltd. (Shanghai Pudong Development Bank, 600000.SH) announced that the second phase of tier-two capital bonds of the company in 2024 has been issued in the national inter-bank bond market recently with the approval of the State Financial Supervision Administration and the People's Bank of China. The bonds of this issue were recorded on December 6, 2024 and issued on December 10, 2024, with a total issuance scale of RMB 40 billion, which is divided into two varieties. Among them, the first variety is a 10-year fixed interest rate variety, with the issuer's redemption right attached at the end of the fifth year, and the issuance scale is RMB 34 billion, with coupon rate accounting for 2.15%; The second variety is a 15-year fixed interest rate variety, with the issuer's redemption right attached at the end of the 10th year. The issuance scale is RMB 6 billion, and that of coupon rate is 2.34%. The funds raised in this bond will be used to supplement the company's secondary capital in accordance with applicable laws and the approval of regulatory agencies.STIFEL raised Oracle Bone Inscriptions's target price from $155 to $175.

Mizuho raised the Amazon target price from $240 to $260.The prICE of ice arabica coffee rose by more than 5%, hitting an all-time high of $3.4710 per pound.Lee Ka Chiu John: Hong Kong is committed to becoming a leading global risk management center. In a speech at the Asia Insurance Forum 2024 held in Hong Kong on the 10th, Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) said that Hong Kong is committed to becoming a leading global risk management center. Lee Ka Chiu John said that as one of the three largest financial centers in the world, Hong Kong has about 160 authorized insurance companies, including six of the top ten insurance companies in the world. At present, Hong Kong has issued five catastrophe bonds, raising more than 700 million US dollars to resist typhoons, earthquakes and other natural disasters and provide risk mitigation measures for the global joint response to climate change. He stressed that as the region with the highest concentration of insurance companies and the highest insurance density in Asia, Hong Kong is committed to becoming a leading global risk management center. The SAR Government will continue to invite mainland and overseas enterprises in China to set up exclusive self-insurance companies in Hong Kong.

Swiss Re: It is too early to tell whether diet pills will change the insurance industry.The nation's largest power 5G private network was built and put into operation in Qinshan Nuclear Power. According to the official news of China Nuclear Power, on December 10th, Qinshan Nuclear Power announced at the official launch conference of 5G private network that Qinshan Nuclear Power, a subsidiary of China Nuclear Power, became the first nuclear power base in China to realize the full coverage of 5G private network in the plant area. It is understood that this is also the largest power 5G private network in China. This nuclear power base, which is about to celebrate its 40th anniversary, stands at the forefront of digital transformation of nuclear power.According to Reuters news, an Israeli military spokesman today (December 10th) denied that the Israeli army had reached the place 25km away from Damascus, and said that the Israeli army had not left the buffer zone. Earlier, the media reported that the Israeli army had arrived about 25 kilometers southwest of Damascus, the Syrian capital. Reuters quoted Syrian security sources as saying that Israeli troops had arrived in Qatena in Rif Dimashq. (CCTV International News)