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Real-time News
JPMorgan Chase expects the Bank of England to keep interest rates unchanged in 2026, compared to its previous forecast of 25 basis point cuts in April and June. The next rate cut is expected to be delayed until the first quarter of 2027.Companies involved in rare earth projects include Mitsubishi Materials and Mitsui & Co.On March 17th, Tencent Music reported total revenue of RMB 8.64 billion in the fourth quarter of 2018, a year-on-year increase of 15.9%, and adjusted net profit of RMB 2.58 billion, a year-on-year increase of 7.6%. Full-year total revenue reached RMB 32.9 billion, a year-on-year increase of 15.8%, and adjusted net profit was RMB 9.92 billion, a year-on-year increase of 22.0%. Full-year online music subscription revenue increased by 16.0% year-on-year to RMB 17.66 billion, while full-year online music non-subscription revenue increased by 39.2% year-on-year to RMB 9.07 billion. At the same time, Tencent Music announced an annual cash dividend of approximately US$368 million (approximately RMB 2.576 billion).On March 17, Premier Li Qiang signed a State Council decree promulgating the "Decision of the State Council on Amending the Regulations on the Registration and Management of Social Organizations," which took effect on the date of promulgation. The Decision consists of eight articles, mainly stipulating the following: First, addressing the difficulties in merging and exiting industry associations and chambers of commerce, it adds provisions regarding the circumstances for mergers and terminations of industry associations and chambers of commerce. Second, addressing the lack of institutional regulations for debt handling during deregistration, it adds provisions allowing the competent business unit, industry management department, registration management authority, or interested parties to apply to the Peoples Court to appoint relevant personnel to form a liquidation team for liquidation. Third, addressing the lack of a responsible entity for applying for deregistration, it clarifies that relevant industry associations and chambers of commerce should handle changes and deregistration in accordance with the provisions of these regulations; if relevant industry associations and chambers of commerce have difficulty handling this independently, their competent business unit, industry management department, and relevant authorities should submit a request, which the registration management authority will then process.Tencent Music (TME.N) reported revenue of RMB 8.64 billion in Q4 2025, compared to RMB 7.458 billion in the same period last year.
