November 26, 2024

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Latest November 26, 2024

Tariff Threats from US President-elect Trump Spark Economic Concerns in North America

Key Points Trump announced a 25% tariff on Canadian and Mexican imports, citing drug trafficking and migration concerns. The Bank of Canada and Mexican officials warn of inflation, job losses, and instability. The tariffs could breach the 2020 USMCA trade agreement. Trump’s tariffs may undermine Canada’s economic recovery and inflation stabilization efforts. Mexico’s critical auto...

FCA Outlines Regulatory Roadmap for UK’s Cryptocurrency Sector by 2026

Key Points The FCA plans to implement a complete regulatory framework for cryptocurrencies by 2026. Key discussion papers on stablecoins and market abuse will be released in Q4 2024, followed by further consultations in 2025. Full crypto regulations will be published and enacted by 2026. UK residents’ average crypto holdings rose to £1,842 in 2024,...

Australian Stocks Fall Amid Energy, Gold, and Financials Losses

Key Points The Australian stock market's S&P/ASX 200 dropped 0.69%, led by declining energy, gold, and financial markets. EML Payments Ltd. (ASX:EML), Healius Ltd. (ASX:HLS), and Bluescope Steel Ltd. (ASX:BSL) were among the top performers. Skycity Entertainment Group Ltd. (ASX:SKC), Spark New Zealand Ltd. (ASX:SPK), and St Barbara Ltd. (ASX:SBM) were among the worst performers....