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Iron Ore’s Surge Buffers the Real Against a Slipping Dollar
On Thursday, the U.S. dollar experienced a subtle decline against the Brazilian real, ending the day at 5.13 reais. This dip came amidst a broader strengthening in global currency markets but was specifically influenced by significant developments in the iron ore sector. Positive movements in iron ore prices buoyed the strength of the real, a […]
Iran eases global isolation by securing membership in the BRICS group
Despite facing protests, closer ties with Russia, and halted nuclear negotiations, Iran has managed to ease its global isolation by securing membership in the BRICS group of emerging economies, a significant but limited achievement for the Iranian government. This development follows the normalization of diplomatic relations with Saudi Arabia in March, a recent prisoner exchange […]
Panama’s Mining U-turn Shakes First Quantum’s Value
Panama’s Parliament terminated Minera Panama’s extended contract, impacting the Canadian mining firm, First Quantum Minerals. They will not mine copper for another 20 years as planned. Public protests grew when President Cortizo okayed the deal on October 20. Groups for social, labor, and environmental rights said the contract hurt Panama and kept illegal terms from […]