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menafn34d ago

Brazil's Food Sector Reaches 10.9% Of GDP In 2025

(MENAFN - The Rio Times) Key Points- Brazil's food sector reached R$1.388 trillion in revenue in 2025, equivalent to 10.9% of GDP - the highest share ever recorded- Exports hit a record $66.7 ...

#ECONOMY
China’s economy remains steady, thanks to Jiangsu Province
sundayworld34d ago

China’s economy remains steady, thanks to Jiangsu Province

As the global economy faces mounting uncertainties and domestic structural adjustments continue, China’s economic resilience has become a major topic for discussion. The country’s Jiangsu Province offers a glimpse into why its economy demonstrates resilience and vitality despite a complex external environment. In 2025, China’s total GDP surpassed about $20.16-trillion. And Jiangsu stands out as [...]The post China’s economy remains steady, thanks to Jiangsu Province appeared first on Sunday World.

#ECONOMY
Silver Price Forecast: XAG/USD Soars Past $84.00 as Safe-Haven Frenzy Meets Crucial NFP Test
bitcoinworld34d ago

Silver Price Forecast: XAG/USD Soars Past $84.00 as Safe-Haven Frenzy Meets Crucial NFP Test

BitcoinWorldSilver Price Forecast: XAG/USD Soars Past $84.00 as Safe-Haven Frenzy Meets Crucial NFP TestNEW YORK, April 10, 2025 – The silver market, represented by XAG/USD, has staged a significant rally, decisively breaking above the critical $84.00 per ounce threshold. This surge, primarily fueled by a sharp increase in safe-haven demand, unfolds just ahead of a highly anticipated release of US Non-Farm Payrolls (NFP) data, setting the stage for [...]This post Silver Price Forecast: XAG/USD Soars Past $84.00 as Safe-Haven Frenzy Meets Crucial NFP Test first appeared on BitcoinWorld.

#COMMODITIES#ECONOMY
Bank Resistance Puts 2026 Passage Of Crypto Market Structure Bill In Doubt, Reuters
newsbtc34d ago

Bank Resistance Puts 2026 Passage Of Crypto Market Structure Bill In Doubt, Reuters

In a report published Thursday, Reuters said the long-anticipated crypto market structure legislation, known as the CLARITY Act, may be at risk of not being signed into law in 2026. The uncertainty comes as opposition from the banking sector intensifies, particularly over key provisions tied to stablecoin regulation. Deadlock In Crypto Legislation Per the report, the legislation has run into a fresh stalemate after banks declined to support a compromise proposal advanced by the White House. That breakdown in negotiations has cast serious doubt on whether Congress can move the bill forward before the legislative window narrows ahead of the midterm election season. Banks have objected to provisions that would permit stablecoin issuers and other crypto firms to offer yield-bearing products and customer rewards. Lenders argue that such incentives could siphon deposits away from traditional banks, making it more difficult for them to fund loans and support credit creation. Related Reading: XRP Price Retests Decade-Old Trendline That Previously Triggered 630%+ Rallies Crypto companies, for their part, maintain that the ability to offer rewards is essential to attract users and remain competitive. They argue that prohibiting such incentives would amount to an anti-competitive restriction designed to protect incumbents. In an attempt to break the deadlock, the White House stepped in last month to broker a compromise. The administration proposed allowing stablecoin rewards in limited contexts, such as for peer-to-peer (P2P) payment activity, while prohibiting rewards on idle balances. Four individuals familiar with the private negotiations said the proposal was intended to strike a balance between innovation and deposit stability. Crypto firms have reportedly accepted that compromise. However, banks have signaled they still cannot support it. Banking Sector Seeks Stricter Reward Rules Two sources told Reuters that lenders want far stricter limits on the types of activities eligible for rewards. A senior White House official indicated that banks remain concerned that even the narrower framework could accelerate deposit flight. A banking industry source added that some lenders believe the permitted activities under the compromise would still meaningfully weaken deposit bases. Several senators are said to back the banking sector’s position, and industry representatives believe they may be able to secure more favorable terms with that political support. Beyond the stablecoin dispute, the bill faces additional political hurdles. Lawmakers are divided over provisions related to ethics and illicit finance. Time Running Out For CALRITY Act’s Approval Time is another significant obstacle. Senate floor time is limited, particularly as lawmakers prepare to leave Washington in the summer to begin campaigning for the midterm elections. Adrian Wall, managing director of the Digital Sovereignty Alliance, a pro-crypto advocacy group, said the window for passage is rapidly closing. If the bill is not approved and sent to the President by July, he argued, it will become increasingly difficult to revive momentum before the elections. Related Reading: Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet The political calculus could become even more complicated after November. If Democrats gain seats in Congress, prospects for passing crypto-friendly legislation could diminish further. Geopolitical developments are adding further uncertainty. According to Brian Gardner, chief Washington strategist at Stifel, the war in Iran is making it even more challenging for Congress to devote attention to crypto regulation this year. In a note published Tuesday, Gardner wrote that the legislative calendar is increasingly working against the bill. “The calendar is becoming the enemy of this bill,” he said. Featured image from OpenArt, chart from TradingView.com

#CRYPTO
US and Venezuela move to restore diplomatic ties two months after Maduro’s capture
theguardian34d ago

US and Venezuela move to restore diplomatic ties two months after Maduro’s capture

Re-establishing diplomatic relations will support Venezuela’s economy, US state department claims, amid push for minerals accessVenezuela and the US are restoring diplomatic ties, the two countries announced Thursday, in a new sign of thawing relations after Washington ousted former president Nicolás Maduro.The announcement came as US interior secretary Doug Burgum wrapped up a two-day trip to Venezuela, part of US president Donald Trump’s push for greater access to the country’s mineral wealth. Continue reading...

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