The South African rand strengthened against the U.S. dollar on Thursday, supported by a significant rise in gold prices that overshadowed a steeper-than-expected decline in domestic manufacturing output.
Citigroup strategists are advising clients to position for a weaker sterling, citing historical patterns of pound depreciation following the appointment of a new UK Prime Minister.
Valle Capital Token (VCT) has launched its ecosystem on the BNB Smart Chain, aiming to connect global digital capital with Brazilian agriculture through the tokenization of real-world assets (RWAs).
Angola's central bank will now permit commercial banks to hold the Chinese yuan to meet mandatory reserve requirements, a move that underscores the deepening economic ties between the two nations.
A U.S. bankruptcy judge has ruled that California cannot pursue monetary damages from Chrome Holding Co, the successor to 23andMe, over the 2023 data breach that affected 6.9 million customers. The decision is a significant setback for the state's lawsuit seeking civil fines.
Mexico's benchmark stock index, the S&P/BMV IPC, closed 0.59% higher on Friday, supported by strong performance in the industrial and consumer sectors. The Mexican peso also strengthened against the U.S. dollar and the euro.
Investors are reassessing AI-related stocks as massive capital expenditures threaten to slow earnings growth and limit share buybacks, even as demand for AI services remains strong, according to an ING analysis.
Russia's benchmark stock index closed unchanged but reached a new three-year low, as declining stocks in the materials and financial sectors significantly outnumbered advancers.
Russia's benchmark stock index finished the trading session unchanged, though underlying market data revealed significant weakness as falling stocks outnumbered advancers and several major companies fell to multi-year and all-time lows.
