The United Arab Emirates, the country hosting the COP28 summit, said France and Japan will support the African Development Bank’s breakthrough mechanism and use special drawing rights to promote climate response and economic development.

According to Japan’s Kyodo News: NVIDIA will cooperate with SoftBank to develop generative AI.

Fitch Ratings: Forecasts limited growth in the structured finance industry in the euro area and the UK in 2024.

Fitch: Asset performance in most EMEA structured finance sectors is expected to deteriorate in 2024.

UAE Minister of Energy: Investing in hydrocarbons is necessary to ensure that the green transition does not lead to a high-price environment.

USD/JPY stood at 147, up 0.12% on the day.

IMF President Georgieva: Carbon prices need to be increased.

IMF President Georgieva: We are keen to provide the greatest incentives for carbon reduction.

IMF President Georgieva: The gradual elimination of fossil fuel subsidies is only possible if protection measures are also established for vulnerable groups.

Market news: The Credit Suisse AT1 incident has seen an increase in lawsuits in Japan and its scope of influence has expanded.

According to Infomax: Samsung SDI’s Hungarian factory was asked to reduce noise.

German Geoscience Research Center: A magnitude 5 earthquake occurred in Turkey.

According to RIA Novosti: Ukrainian drones attacked oil depots in Russian-controlled Luhansk.

The New Zealand dollar NZD/USD fell 0.50% on the day and is now at 0.6178.

The European Central Bank has set the total supervisory review and evaluation procedure (SREP) capital requirement (TSCR) at 13.27%, an increase from 10.75% last year.

Financial website Forexlive commented on Switzerland’s November CPI data: The good news for the Swiss National Bank is that the core annual inflation rate will remain below 2%, which will give them more confidence to maintain policy unchanged next week.

Thai government spokesman: The cabinet approved a budget of 7.9 billion baht to support sugarcane farmers.