Business news

Brazil Central Bank sees inflation near target by 2027, trims 2025–26 forecasts
June 27, 2025 12:41 AM AEST| By InvezzBrazil’s central bank expressed confidence in its capacity for keeping inflation close to the official target until the end of 2027, as it published medium-term projections on Thursday in which the price growth continues to slow. In its quarter...

Aeries Technology (AERT) Delivers High-Performing Global Capability Center for Leading U.S. Healthcare Fintech Platform
June 26, 2025 11:50 PM AEST| By News File CorpTransition of custom-built India GCC reflects operational excellence, AI-enabled execution, and long-term value creation for client now assuming full ownershipN...

Cryptocurrencies replace cash as Bolivia’s economic crisis deepens
June 26, 2025 11:22 PM AEST| By InvezzIn the commercial centre of Cochabamba, the third largest city of Bolivia, cryptocurrencies are quickly becoming a necessity rather than a fragmented experiment. Crypto ATMs enabling shoppers to swap coins for Bitcoin, beauty salons accepting digital...

S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
June 26, 2025 10:59 PM AEST| By InvezzWall Street is within striking distance of new all-time highs, as a powerful combination of artificial intelligence optimism, geopolitical easing, and resilient corporate earnings continues to push US equities upward despite a turbulent year. Index f...

Australia sues China-linked firm over rare earths stake breach
June 26, 2025 10:17 PM AEST| By InvezzAustralia has launched a landmark legal action against a China-linked company and a former associate for allegedly breaching its foreign investment laws, in a case centred on a strategic rare earths producer, Northern Minerals (ASX: NTU). The Federal...

Eli Lilly seen as the stronger bet amid escalating competition with Novo in India
June 26, 2025 08:25 PM AEST| By InvezzThe global fight between Eli Lilly and Novo Nordisk for dominance in the red-hot weight-loss drug market is shifting to India, one of the fastest-growing pharmaceutical frontiers. As rising obesity and diabetes rates collide with expanding middle-cla...

Why US shale oil production is likely to see no upside this year?
June 26, 2025 08:14 PM AEST| By InvezzUS shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid $60 per barrel. The accelerating unwinding of production cuts by the Organization of the Petroleum Exporting Countries...

Indonesia downplays US exit from coal transition partnership deal
June 26, 2025 08:13 PM AEST| By InvezzIndonesia’s top official for an international initiative stated on Thursday that the US’ withdrawal from a collaborative effort aimed at assisting developing nations in transitioning away from coal will have a minimal effect on Indonesia,...

Australia, New Zealand top global rankings in per capita cocaine use: UN report
June 26, 2025 07:24 PM AEST| By InvezzAustralia and New Zealand are now the world’s biggest per-capita users of cocaine, according to the United Nations Office on Drugs and Crime (UNODC), as global drug use reached an all-time high in 2023. The findings come from the UN’s World Drug Repo...

Why are SPACs suddenly hot again and should investors buy into the hype?
June 26, 2025 05:41 PM AEST| By InvezzWall Street has a short memory. Just a couple of years ago, SPACs were synonymous with hype, lawsuits, and bankruptcies. Investors lost billions as early-stage companies rushed onto public markets through these blank-check vehicles, only to col...

Analysis: Strait of Hormuz transit steady, but freight rates could keep rising
June 26, 2025 03:39 PM AEST| By InvezzTransit levels through the Strait of Hormuz have been closely tracked since June 13 and remain within normal ranges, according to Vortexa. “Transits for the week ending June 22 were robust, 4% above the 2024 average and slightly higher than the weekl...

Silver price analysis amid rising demand outlook
June 26, 2025 07:00 AM AEST| By InvezzSilver price is in consolidation mode after the profit-taking mood that marked the start of the week. Uncertainties had bolstered the precious metal to a fresh 13-year high of $37.24 in the past week. However, the Israel-Iran ceasefire has improved r...
Trump says he is considering 3 or 4 people to succeed Powell as Fed chair
June 26, 2025 05:39 AM AEST| By InvezzUS President Donald Trump has signaled his intention to replace Federal Reserve Chair Jerome Powell once his term ends in May 2026, saying he has “three or four” candidates in mind to lead the central bank. “I know within three or four people,” Trump...

Boy, that escalated quickly!
June 26, 2025 05:08 AM AEST| By InvezzSo said Will Ferrell’s character, Ron Burgundy, in the film Anchorman. It’s a quote that has seemed apposite on many occasions since Donald Trump’s inauguration as US President back in January. From tariffs and trade wars to NATO disengagement and a...

Greece tops NATO defence spenders as Turkey tensions drive strategic push
June 26, 2025 02:28 AM AEST| By InvezzGreece is once again among the top NATO defence spenders, with fresh data showing the Mediterranean nation allocated 3.1% of its GDP to military expenditure in 2024. Only four NATO members spent a greater share of their national output on defence: th...

Brazil faces grim fiscal future with debt projected to top 100% of GDP
June 26, 2025 01:44 AM AEST| By InvezzBrazil’s fiscal picture is rapidly deteriorating, according to a stern assessment from the Independent Fiscal Institution (IFI), a technical advisory organisation affiliated with the Federal Senate. The IFI’s 101st Fiscal Monitoring Repor...

Brazil’s Federal Revenue expands tax enforcement units to boost efficiency
June 26, 2025 01:00 AM AEST| By InvezzBrazil’s Federal Revenue Service is expanding its network of specialised tax enforcement units to improve the efficiency and efficacy of audits of large firms and high-net-worth individuals. According to local media outlet InfoMoney, the projec...

Barclays Bank blocks crypto-related card transactions over debt concerns
June 26, 2025 12:52 AM AEST| By InvezzUnited Kingdom’s Barclay Bank has confirmed that clients will no longer access crypto features from the Barclaycard starting 27 June 2025. The move underscores the rising concerns over financial risks linked to cryptocurrency purchases, especially wi...

Argentina set to win IMF waiver despite missing reserve target in $20 billion deal
June 25, 2025 11:42 PM AEST| By InvezzArgentina, the IMF’s biggest borrower and perpetual headache, is again calling on the good offices of the Washington lender. Now, it has come to a head over failing to meet a primary criterion of its latest $20 billion deal: the replenishing of...

NATO leaders agrees on increasing defence spending to 5%
June 25, 2025 10:59 PM AEST| By InvezzLeaders of the North Atlantic Treaty Organization (NATO) have unanimously agreed to significantly increase defense spending to 5% of their Gross Domestic Product (GDP) at the summit in Hague. This historic move, coming amidst an increasingly belliger...