Other news

The US Securities and Exchange Commission (SEC) is developing a comprehensive regulatory framework that could accelerate approval for cryptocurrency exchange-traded funds (ETFs). According to Reuters, the new SEC guidelines will cover multiple crypto assets, standardizing their listing process.

Global copper producers were shocked by US President Donald Trump's unexpected announcement to impose 50% tariffs on imports of the red metal. As reported by Reuters, the leading producer of this raw material—Chile—does not lose hope for exemption from the duties.

Despite a slight rise in the Canadian dollar against the American one on Tuesday, it continues to trade near an eight-day low. Risks of new tariff restrictions from the United States are forcing traders to act with caution, Reuters reports.

Junko Koeda, a Bank of Japan board member, said the regulator’s inflation outlook is likely to be raised. This would leave open the possibility of another rate hike this year, Bloomberg reports.

US President Donald Trump has announced the imposition of a 50% tariff on copper imports. The duty is higher than previously expected, Bloomberg reports.

A report by consulting firm PricewaterhouseCoopers (PwC) warns that approximately 32% of global semiconductor production could face disruptions by 2035 due to climate change-induced copper supply shortages.

India, one of the world's largest copper importers, has presented a strategic plan to attract foreign companies to build smelting facilities on its territory, Reuters reports. The move is part of the government's efforts to reduce the country's dependence on metal imports by 2047.

The US Securities and Exchange Commission (SEC) has asked financial institutions to revise their applications for launching Solana-based exchange-traded funds (ETFs) and resubmit them by the end of July 2025. This move signals the regulator’s intent to expedite the approval process.

Analysts at UBS predict the European Central Bank (ECB) could deliver another rate cut amid global economic uncertainty, with a 25 basis point reduction to 1.75% expected on July 24. However, ongoing EU-US trade talks could influence this outlook.

On Tuesday, Australia's central bank kept its interest rate unchanged at 3.85%. This decision shocked market participants, as many had previously forecast a cut, as reported by Reuters. The move was driven by the regulator's desire to gather more information about inflation slowing.