President Luiz Inacio Lula da Silva appointed his deputy finance minister to the board of Brazil’s central bank, sparking a selloff in local assets as the move was seen as intensifying his campaign against high interest rates.
The Brazilian state with some of the world’s biggest iron ore mines wants to attract investors to its lithium deposits in a bid to feed growing demand for the key material in electric-vehicle batteries.
Senate Republican leader Mitch McConnell said Monday he won’t simply back candidates aligned with Donald Trump after several of them flopped and cost Republicans the majority in 2022.
Australia is headed for its first budget surplus since 2008 as windfall tax revenue from a fully employed economy and elevated commodity export prices combine to swell the government’s coffers.
China has kicked off an anti-spy campaign targeting consulting firms, state-run media reported, naming one of them for facilitating the leak of state secrets.
The Republican-controlled House Foreign Affairs Committee threatened Secretary of State Antony Blinken with contempt of Congress if he doesn’t turn over a diplomatic cable related to the US withdrawal from Afghanistan.
Treasury bills point to June default risks even as many other markets unperturbed.
Senegal’s leading opposition politician could be disqualified from next year’s presidential election after a court sentenced him to a six-month suspended prison sentence after a conviction for libel.
Top Republicans want a government watchdog to investigate the Biden administration’s management of the nation’s emergency oil reserves, arguing no credible plan exists to refill the cache that now stands at a 40-year low.
Senate Republican leader Mitch McConnell warned he won’t come to President Joe Biden’s rescue on the debt limit by breaking a partisan deadlock as a catastrophic US default looms.
