Category: Flash News

On April 11th, Country Garden announced on the Hong Kong Stock Exchange that it has reached an agreement with the special task force on the main terms of the restructuring proposal, which accounts for 29.9% of the total principal amount of the existing bond debt. The members of the special task force have signed a restructuring support agreement. Our company is also nearing completion of negotiations with several members of the coordination committee. After the negotiations are completed, these members will proceed with internal procedures to obtain relevant approvals for the execution of the restructuring support agreement. The signing of the restructuring support agreement represents a significant milestone for our company in exploring a comprehensive solution to its overseas debt.

On April 11th, the Ministry of Foreign Affairs of Panama issued a statement on April 10th local time, stating that in the memorandum of understanding signed between Panama and the United States, Panama has not relinquished any sovereignty. This agreement aims to establish broad cooperation to defend the canal in the event of actual threats. On the 9th local time, the Panamanian Ministry of Security and the US Department of Defense signed a memorandum of understanding. At a subsequent press conference, Panamanian Minister of Public Security Afrego emphasized that Panamanian President Mulino has stated that he does not accept the establishment of military and defense bases in Panama, but Panama is willing to continue cooperation with the United States in other security areas.

On April 11th, US District Judge Indira Talwani ruled on April 10th local time to prevent the Trump administration from revoking the temporary legal status of hundreds of thousands of citizens in Cuba, Haiti, Nicaragua, and Venezuela. Talwani pointed out in the ruling that the decision by the Department of Homeland Security to shorten the two-year “parole period” for these immigrants was a “misinterpretation of the law”. Parole means that some foreigners without visas are allowed to stay or even work in the United States temporarily, without having to bear the risk of being expelled by relevant departments during this period. Generally, the Secretary of Homeland Security can use his discretion for emergency humanitarian reasons and major public interest reasons.

On April 11th, Geng Shuang, Charg é d’affaires ad interim of the Chinese Permanent Mission to the United Nations, spoke at the emergency public meeting of the Security Council on the Syrian issue, condemning Israel’s airstrikes on Syria last week and urging Israel to immediately stop its attacks and withdraw from Syrian territory as soon as possible. Geng Shuang said that last week, Israel launched airstrikes on multiple targets in Syria, causing significant casualties and damage to facilities. Israel’s actions seriously violate international law and seriously infringe upon Syria’s sovereignty, unity, and territorial integrity. The 1974 Agreement on Separation of Forces should be adhered to, and the United Nations forces should be guaranteed to perform their duties as authorized.

On April 11th, the Venezuelan National Assembly voted on April 10th to pass an economic emergency decree in response to the sanctions and tariffs imposed by the United States on Venezuela. On April 2nd, the US government announced the imposition of “equivalent tariffs” on goods imported from Venezuela, as well as a 25% “secondary tariff” on countries importing Venezuelan oil and gas.

On April 11th, AI pharmaceutical development concept stocks in the US stock market rose after hours, with Certara up over 25%, Schrodinger up over 18%, Recursion Pharmaceuticals up over 21%, Absci Corp up over 17%, and Charles River up over 6%. On the news front, the US Food and Drug Administration (FDA) announced that it will gradually abandon animal testing routes in many drugs such as monoclonal antibodies and instead pursue “more effective human related research methods”.

On April 11th, the US budget deficit for March was $160.5 billion, compared to a deficit of $236.6 billion in the same period last year; Revenue in March increased by 10.7% year-on-year to $367.6 billion; The expenditure in March decreased by 7.1% year-on-year to 528.2 billion US dollars; The fiscal year to date deficit is $1.307 trillion, compared to a deficit of $1.065 trillion in the same period last year; As of March, the fiscal year has seen a 3.3% increase in revenue and a 9.7% increase in expenses.

On April 11th, US Secretary of Commerce Lutnick announced on the 10th local time that the issuance of “gold cards” will begin within a week. US President Trump announced on April 3rd that he expects to issue a “gold card” visa in the coming weeks. On February 25th local time, Trump told the media at the White House that he plans to sell a $5 million American “gold card” to wealthy immigrants. According to him, this “gold card” will not directly give the buyer US citizenship, so it does not need to pass the US Congress, but will give the same rights as the “green card”, which is a “awesome way to obtain US citizenship”. Trump said that the federal government can sell 10 million “gold cards” to reduce the deficit.

On April 11th, the Office of Foreign Assets Control (OFAC) of the US Treasury Department issued a statement on April 10th local time, announcing sanctions on one individual and four entities related to the National Iranian Oil Company and the Iranian military. The statement stated that the vessels associated with the sanctioned targets represent the Iranian National Oil Company and the Iranian military in transporting Iranian oil. The United States and Iran are scheduled to hold negotiations in Oman on April 12th, but both sides have their own opinions on the format of the negotiations. On the 7th local time, after meeting with visiting Israeli Prime Minister Netanyahu at the White House, Trump stated that the United States and Iran are engaged in “direct” negotiations on the Iranian nuclear issue. However, Iranian Foreign Minister Alaghi issued a statement early on the 8th stating that Iran and the United States will hold “indirect” high-level negotiations in Oman on the 12th. Recently, Trump has repeatedly claimed that if an agreement cannot be reached with Iran on the Iranian nuclear issue, he will “bomb” Iran.

On April 11th, the Trump administration is expected to release relevant files on the assassination of Senator Robert Kennedy and civil rights leader Martin Luther King Jr. in the coming days. The Director of National Intelligence, Tulsey Gabbard, stated at a cabinet meeting that these files have been sealed in boxes for decades and have never been made public. She said, “We will be ready to release them in the next few days. On January 23rd, after taking office, US President Trump signed an executive order to release confidential documents related to the assassination of former US President John F. Kennedy, former Attorney General, US Senator Robert Kennedy, and civil rights leader Martin Luther King Jr. The National Archives of the United States released 80000 pages of unedited documents related to the assassination of former President Kennedy on March 18th.