Brazil’s Central Bank, officially known as Banco Central do Brasil (BCB), took an important step by launching a public consultation that could significantly alter the landscape of bitcoin transactions in the country. This proposal is especially notable because it intends to prevent the transfer of stablecoins—cryptocurrencies designed to maintain a…

The Mexican peso strengthened against the US dollar on Tuesday, reaching 20.4 per dollar. This marks a significant rebound from its recent low of 20.64 on November 26th. The improvement reflects investor optimism fueled by positive labor market data and a thaw in trade tensions with the United States. Economists…

US equity majors fell slightly on Tuesday after the S&P 500 and the Nasdaq hit record highs in the previous session. Investors will be focusing on key US labour data, scheduled to be released later this week, and also monitoring comments from the Federal Reserve officials. October’s job opening and…

In a sharp escalation of US-China tech tensions, four leading Chinese industry associations have advised domestic companies to reconsider purchasing US chips, labeling them as “no longer safe.” This rare, coordinated response follows Washington’s latest export curbs on Chinese semiconductor firms, further straining an already fraught relationship between the two…

China is shifting its focus from rigid GDP growth targets to more sustainable and qualitative economic improvements, according to an editorial in the state-run People’s Daily newspaper. In a shift from its usual emphasis on achieving specific growth rates, the government indicated that a pace of economic growth below 5%…

The Federal Reserve is having its last meeting of the year on the 17th of December. The market is now expecting another rate cut, but with economic growth outperforming expectations and inflation showing signs of resistance, the Fed may reconsider its decision. The US economy has been exceptional, but with…

Gold prices were little changed on Wednesday amid political turmoil in South Korea, while traders waited for more cues from key US economic data. At the time of writing, the February gold contract on COMEX was at $2,665.39, down 0.1% from the previous close. The job openings and labor turnover…

South Korea experienced an unexpected political upheaval as President Yoon Suk Yeol declared martial law in the middle of the night, a dramatic move that was swiftly counteracted by the National Assembly. The situation, which unfolded over just six hours, drew global attention and tested the resilience of South Korea’s…

Australian mining giant Rio Tinto has forecast higher consolidated mined refined copper production next year, driven by an anticipated surge in output from the Oyu Tolgoi mine in Mongolia. The mining giant anticipates a 50% surge in production from its Oyu Tolgoi operations in Mongolia next year, according to an…