Other news

Glencore will shutter its last two copper mines in Mount Isa, Queensland next week. While the mines, operational for over 60 years, will close due to declining ore quality, a final decision remains pending on whether to also close the nearby copper smelter and Townsville processing facilities.

Solana’s price has surged past $200, hitting levels not seen since February 2025, while its market cap has now surpassed $100 billion. This major rally is fueled by increasing developer activity and the rapid expansion of the SOL ecosystem.

XRP has shown a significant rise in price of around 80% over the past month. Although the current price of XRP is about 10% below its all-time high reached in 2018, renowned analyst Ali Martinez has an optimistic outlook on its further dynamics.

A Reuters survey indicates most economists expect the Bank of Japan to increase interest rates by at least 25 basis points before year-end. However, mounting uncertainty from global trade tensions could complicate this move.

According to economists polled by Bloomberg, the Reserve Bank of Australia (RBA) will deliver three rate cuts by early next year. Previously, a similar survey suggested only two such steps during this period.

The yen gained 0.3% against the dollar before quickly retreating following US President Donald Trump’s announcement of 15% tariffs on Japanese imports, Bloomberg reports. On Wednesday’s open, the yen traded at 146.604.

The Bank of England is reconsidering plans for a digital pound, questioning whether it's really needed. The review was prompted by reduced expected benefits of the digital currency, as identified in a Bank of England internal survey.

Global financial institutions are increasingly shifting from the outdated SWIFT system in favor of modern payment technologies, seeking faster and cheaper cross-border transactions. Leading this transformation is XRP Ledger (XRPL).

Analysts at Scotiabank and RBC expect the Canadian regulator to keep its key rate at 2.75% till the end of 2025. According to experts, this decision would maintain a "neutral stance" on monetary policy, neither stimulating nor restricting economic growth.

According to Reuters, the results of upper house elections in Japan complicate the decision-making process at the country's central bank. As analysts quoted by the agency pointed out, political uncertainty and worries over the country's growing national debt could weaken the yen.