By Mayela Armas CARACAS (Reuters) – Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign currency sales fall short of demand and the socialist government keeps tight-lipped about its strategy. After years of hyperinflation and amid broad U.S. sanctions, in 2022 the administration of President Nicolas Maduro began using orthodox policies including credit restrictions, lower public spending,

Investing.com — prices have plunged in the aftermath of the recent U.S. elections, with the market witnessing its worst post-election week since 1980.  The yellow metal’s value dropped 6% in a single week, a sharp decline attributed to a confluence of factors, according to UBS analysts.  The dramatic sell-off followed the election, which saw heightened expectations for U.S. economic growth and tighter monetary policy, leading to a surge in the

Investing.com – Sterling has lost its status as the only currency to have outperformed the US dollar year-to-date, but Bank of America thinks a constructive case for the UK currency remains in 2025. Since the September 2022 GBP Crisis, sterling has been on an almost uninterrupted uptrend, BoA Securities said, helped by this year by the removal of political uncertainty and the conducive backdrop to carry.  “Trump 2.0 notwithstanding, the

By Leah Douglas (Reuters) – Funding for a climate-friendly farming effort led by the U.S. and United Arab Emirates has reached $29.2 billion, the countries announced on Monday at the COP29 climate summit in Baku. The Agriculture Innovation Mission for Climate (AIM for Climate) was launched in 2021. Under the program, governments, companies, and non-government organizations pledge funding for projects to reduce the climate impact of agriculture and to make

By Harry Robertson LONDON (Reuters) – The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump’s victory in the U.S. presidential election. Sterling was last up 0.1% at $1.2627, from $1.2598 on Friday, its lowest since mid-May. Trump’s Nov. 5 election win has caused the to surge around 3% as investors bet trade tariffs and

JOHANNESBURG (Reuters) – South Africa’s President Cyril Ramaphosa said on Monday lives should not be put at risk in a standoff between police and hundreds of illegal miners stuck underground in a disused mine shaft and the miners should be recovered safely. The police have blocked miners’ supplies of food and water to force them out and arrest them for illegally entering the abandoned mine in North West province in

Investing.com – The U.S. dollar slips slightly from the recently reached one-year high at the start of a week that is light on major economic data but includes comments from a series of Fed speakers.  At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 106.497, just off its one-year top of 106.72.  The index climbed 1.6%

Investing.com — Gold has recently performed as expected leading up to the U.S. election, but Societe Generale (OTC:) analysts suggest the precious metal may take a breather in the near term.  Despite this, they see robust long-term drivers that reinforce the yellow metal’s unique role in financial markets. “Gold is the ultimate ‘unknown unknown’ commodity,” Societe Generale stated, explaining that its primary value lies in its role as a hedge against

By Lisandra Paraguassu and Anthony Boadle RIO DE JANEIRO (Reuters) – Leaders of the Group of 20 major economies were set to meet on Monday in Brazil for their annual summit, bracing for a shift in the global order with the return to power of U.S. president-elect Donald Trump. Discussions of trade, climate change and international security will run up against sharp U.S. policy changes that Trump vows upon taking

By Manuel Ausloos and Gus Trompiz PARIS (Reuters) – Farmers will protest across France on Monday as the prospect of a trade deal between European and Mercosur countries sharpens discontent over foreign competition that fuelled a farming crisis earlier this year. A push by the European Union and South America’s Mercosur bloc to conclude long-running trade negotiations by the end of the year has rekindled anger in France. Similar frustration