Argentina’s tax amnesty program, launched by President Javier Milei, has successfully attracted about $18 billion back into local banks. This initiative encourages residents to deposit foreign currency they had kept outside the formal banking system, whether in cash at home, safe deposit boxes, or accounts abroad. This influx is especially…
During India’s annual Diwali ‘muhurat’ trading, the NSE Nifty 50 and BSE Sensex indices showed a notable uplift, rallying on the back of renewed investor confidence and festive optimism. Both indices bounced back after two days of losses, with Nifty 50 rising by 0.41% and Sensex by 0.42%, showcasing positive…
Renouncing US citizenship is on the rise, driven by tax burdens, bureaucratic hurdles, and unique challenges for “accidental Americans.” As recent data shows, nearly 6,000 Americans gave up their citizenship in the first half of 2020, marking a sharp increase. This trend highlights the complicated tax policies and legal requirements…
The legal conflict between Rusal, one of the world’s largest aluminium producers, and Nornickel’s CEO, Vladimir Potanin, is escalating with fresh claims filed in London. Rusal’s new claims against Nornickel’s Potanin Rusal’s grievances focus on Nornickel’s governance and Potanin’s control over decision-making, specifically targeting the digital assets platform Atomyze and…
This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1.4 billion in September, as Argentina moves forward on plans to regulate tokens. Argentina to regulate the tokenization of real world-assets The Argentine Fintech Chamber, in collaboration with…
As the 2024 US presidential election approaches, investors and market analysts are keenly assessing potential outcomes for India’s IT sector. With US-India trade relations closely tied to American policy, especially in the tech space, Indian IT giants like TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra could see major impacts…
Texas Instruments (TXN) stock price has risen by almost 20% this year and is hovering near its highest point on record. It was trading at $203.15 on Friday, a few points below the year-to-date high of $215. Texas Instruments’ growth has stalled Texas Instruments is one of the biggest companies…
Abercrombie & Fitch (ANF) stock suffered a harsh reversal this year, erasing some of the gains made last year, when it was one of the best-performing companies in Wall Street. It has retreated to $130, its lowest point since Oct. 3, and 33% below its highest level this year. Growth…
Block (SQ) stock price has crawled back after bottoming at $54 in August. It has entered a local bull market, rising by 30% from its lowest point in August, and is hovering near its highest level since May 6. One of the top fintech brands Block, formerly known as Square,…
The Cohen & Steers Infrastructure Fund (UTF) has done well this year, helped by the strong performance of infrastructure assets and hopes of interest rate cuts. The fund, which tracks the biggest infrastructure and utility companies, has risen by 18% this year, a notable performance since it does not have…