Markets and geopolitics shared the spotlight today as Washington tightened its economic grip on old adversaries while miners touted stronger prospects in Latin America. The U.S. unveiled new sanctions on five Cuban state-linked entities, a move expected to further chill investmen...
Markets and geopolitics shared the spotlight today as Washington tightened its economic grip on old adversaries while miners touted stronger prospects in Latin America. The U.S. unveiled new sanctions on five Cuban state-linked entities, a move expected to further chill investment as Cuba’s economic crisis deepens. At the same time, President Trump said Iranian funds released under sanctions-related arrangements would remain in U.S.-controlled escrow, usable only for American food and medical supplies, underscoring how even limited relief comes with strict strings attached. In the commodities space, Aguia Resources reported lower costs and richer ore grades at its Colombian gold project, while Rio2 said a resource and reserve upgrade at Peru’s Condestable copper mine extends its life to 14 years and supports a US$710 million after-tax valuation. Separately, court proceedings involving Bondi attack hero Ahmed Al Ahmed drew attention beyond the business agenda.
Top Business stories
- Bondi Beach hero Ahmed Al Ahmed pleads not guilty to alleged assault of his father (12 sources)
- U.S. imposes new sanctions on Cuban state companies (6 sources)
- Trump says unfrozen Iranian funds will be held in U.S.-controlled escrow for food and medical supplies (4 sources)
- Rio2 announces resource and reserve upgrade for Peru’s Condestable copper mine (4 sources)
- Aguia reports lower costs and higher grades at Colombian gold project (4 sources)
- Square Yards becomes a unicorn after raising ₹900 crore ahead of planned IPO (3 sources)
- Reserve Bank to watch upcoming underlying inflation as fuel costs fall (3 sources)
- Ballard to acquire U.K. hydrogen company GeoPura for about US$400–515 million (3 sources)
Finn Feedman
Author at IfHighLow
