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Exclusive-BRICS to launch guarantee fund to boost investment in member nations, sources say
BRASILIA (Reuters) -The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters. The initiative, modeled on the World Bank’s Multilateral Investment Guaran …. Read More >>
Trump administration will focus on Fed chair replacement in fall, Bessent says
Bessent said it was up to the Fed to decide interest rates, although he added that if the U.S. central bank did not cut interest rates soon, any potential rate cut in September could be higher. Asked if one could head both Treasury and the Fed at the same time, Bessent said that hadn’t been done since the …. Read More >>
US imposes fresh sanctions targeting Iran oil trade, Hezbollah
WASHINGTON (Reuters) -The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil, and on a Hezbollah-controlled financial institution, the Treasury Department said.A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping …. Read More >>
Elon Musk’s Next BIG Bet [sponsor]
First he bet it all on PayPal and made millions… Then he bet it all on Tesla and made billions. Now he’s going all-in again… And this time he plans to dominate a market worth $3.2 trillion. That’s why I’m projecting huge profits for early investors who get in before December 31st, 2025! Click here for the full details.
Nvidia briefly on track to become world’s most valuable company ever
(Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98 in morning trading, giving th …. Read More >>
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