Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
A decrease of the indicator value may contribute to the fall in quotes of AUD.
No change of the indicator value may reduce the volatility of the related markets.
A decrease of the indicator value may contribute to the rise in quotes of Heating Oil.
A decrease of the indicator value may contribute to the fall in quotes of Gasoline.
A decrease of the indicator value may contribute to the rise in quotes of Gasoline.
At its most recent meeting, the Bank of Japan maintained the interest rate at 0.5%, citing continued uncertainty regarding the country's economic growth prospects. This decision was widely expected by market participants and stabilized the dollar-yen exchange rate, according to Investing.com.
The world's largest economies are speeding up their plans to introduce custom digital currencies, known as CBDCs. Yahoo Finance reports that households may soon be able to make commission-free payments through official platforms using these state-backed cryptos.
According to the UK’s Office for National Statistics, annual inflation eased slightly in May but remained above the Bank of England’s 2% target.
The Ontario Securities Commission (OSC) has approved the launch of Canada's first XRP spot exchange-traded fund (ETF) by Purpose Investments. The fund will start trading on the Toronto Stock Exchange on June 18, 2025.
The Confederation of British Industry (CBI) has slashed its UK growth forecasts for the next two years. The business group now expects the economy to expand by just 1.2% in 2025, down from its earlier 1.6% projection.