A BLM-approved mine operating nonstop as an open pit on the mesas above the Lone Pine community of the Paiute Shoshone Tribe would leach gold from heaps of crushed ore using tons of cyanide each day in the process, according to a description of Vancouver, Canada-based K2 Gold Group’s outline of the project by the … Read more
Financial markets reacted to the firing of the country’s respected Central Bank chief by running away from the Lira on early Monday trading, and the currency was near its all-time low against the dollar, slicing through key resistance levels. President Recep Tayyip Erdoğan holds that high interest rates cause inflation, whereas the Quantity Theory of … Read more
A $29billion purchase of Kansas City Southern, KCS, by Canadian Pacific Railway Ltd., CP, will create a new entity called Canadian Pacific Kansas City and the first rail network connecting the three countries from Vancouver to Veracruz. “Joining seamlessly in Kansas City, Mo., in America’s heartland, CP and KCS together will connect customers via single-network … Read more
Projected Gross Domestic Product growth for Latin America and the Caribbean is put at 3.2% for 2021-2023, according to projections of the Inter-American Development Bank, while Brazil’s expected growth is 2.7%. When Brazil is excluded, projected growth for the Southern Cone countries–Argentina, Chile, Paraguay, and Uruguay –is 3.5%. “Brazil has significant challenges –it needs to enact a … Read more
SAO PAOLO, Brazil – The Comissão de Valores Mobiliários do Brasil has approved blockchain investment EFTs to trade the Sao Paulo-based B3 exchange. The move follows the approval of 3 similar funds in Canada in the last months. Rio-based QR Asset Management will make its first offering of $100m for qualified investors in June. By … Read more
The Association of Automotive Dealerships in Argentina (ACARA) reported that their survey shows that the amount of money needed to buy a car has almost doubled, projecting an increase of 80% over 2018 prices by the end of 2021. ACARA says inflation, wage delays, and rising prices for new cars make it difficult for car … Read more
In the first month after Brexit, Great Britain posted heavy foreign trade losses, collapsing by 41% in exports to the EU in January, coupled by a loss of 29% in imports. According to the British Statistical Authority, the foreign trade numbers are dramatically bad as the transition is problematic for many companies trading with the … Read more
Flailing under pressure from the outsize economic influence of the US and EU in moving markets, the CHF’s role as a safe heaven is in much less demand, leaving it out of many major currency transactions, according to foreign exchange analysts. The CHF has been losing favor with investors for some time as the global … Read more
Consumers in the 27-nation bloc now will have the right to expect that their consumer electronics will have parts available and be able to be repaired for up to 10 years. New rules take effect this month following legislation passed last November by the European Parliament aiming to reduce electronic waste, monitor energy use, and … Read more
Plots as large as 2000 acres are being sold on the hyperlocal Marketplace section of the platform. The Bolsonaro administration has taken criticism for looking the other way on encroachment into protected areas and deforestation, and indigenous groups have told the BBC that it is unwilling to stop these sales. “A common strategy is to … Read more
Global head of commodities research at Goldman, Jeff Currie, stated his position on the future of the sector this week, citing two big factors why commodities would continue to go up. One was that while historically stimulus benefited high-income households, current stimulus benefits low-income, who spend a lot more on commodities. The second factor was … Read more
Something that didn’t exist eight weeks ago. With U.S. President Joe Biden rejoining 190 other countries in the Paris Climate Agreement, basically all countries on Earth are participating in a unified movement to combat global warming. Under the agreement the U.S. plans to cut carbon emissions 25% from it’s 2005 levels by 2025 and contribute … Read more